DAWN - Business; January 10, 2007

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January 10, 2007	Wednesday	Zilhaj 19, 1427

Sindh govt financially sound among provinces KARACHI, Jan 9: Sindh’s present financial and budgetary position is being described as best among all the four provinces where development pace is being maintained with a positive cash flow as...		SNGPL cuts industrial supplies to meet demand LAHORE, Jan 9: The Sui Northern Gas Pipeline Limited (SNGPL) faces a deficit of 700 million cubic feet per day (mmcfd) as temperature dips down to below zero Celsius, and is...
Comprehensive business register being compiled: High-powered body set up ISLAMABAD, Jan 9: The government has set up a 29-member high-powered committee to evaluate the full business potential in the public and private sector with a view to firm up a...		Demand of furnace oil to remain high KARACHI, Jan 9: Demand of furnace oil is likely to remain high in the coming months as the Pakistan State Oil (PSO) is seeking import of 570,000 tons of high sulphur...

Selection criteria for Top-25 companies KARACHI, Jan 9: Awards were distributed by Prime Minister Shaukat Aziz on Monday to Top-25 companies for the years 2004 and 2005....		Best 2005 corporate awards announced KARACHI, Jan 9: The Joint Committee of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) announced Best Corporate Report Awards 2005 in a ceremony held on Tuesday....

11,263 vehicles imported in six months KARACHI, Jan 9: The country has imported over 11,200 vehicles of different categories and engine power having a total value of around Rs4.940 billion during first six months (July-December 2006) of the current fiscal....		Oil prices shed over $1 LONDON, Jan 9: Global oil prices plunged to their lowest points in more than 19 months on Tuesday as warm weather in the northern hemisphere stoked concerns over weak demand for heating fuel, analysts said....

Diplomats to visit Steel Mills today ISLAMABAD, Jan 9: The management of Pakistan Steel Mills Corporation (PSMC) has decided to seek the cooperation of friendly countries to help revamp and expand the production capacity of the organisation....		Stocks cheer up on one-year capital tax exemption KARACHI, Jan 9: Share market on Tuesday reacted bullishly to an extension in exemption of capital gain tax for another year as leading shares rose sharply on active short-covering, some of them closing around their upper locks....

Pakistan wants fresh talks with EU on FTA ISLAMABAD, Jan 9: Prime Minister Shaukat Aziz will visit Brussels later this month in a bid to convince senior officials of the European Union (EU) for starting talks on a possible free trade agreement (FTA) with Pakistan, Dawn has learnt....		Govt refuses to bow to sugar mills pressure ISLAMABAD, Jan 9: The Pakistan Sugar Mills Association (PSMA) will press the government to reduce sugarcane prices when its representatives meet officials of the ministries of agriculture in Islamabad on Thursday....

Trading picks up on cotton market KARACHI, Jan 9: After several lean sessions owing to various reasons, modest physical activity was witnessed on the cotton market on Tuesday as some of the spinners resumed covering purchases....		Govt urged to allow import of cotton from India LAHORE, Jan 9: Spinners on Tuesday called upon the government to allow import of cotton from India via Wagha to meet the gap of three million bales between demand and supply....

Bank of Khyber set to surpass capital limit PESHAWAR, Jan 9: The Bank of Khyber (BoK) will jack up its paid-up capital to Rs4.5 billion by April 2007 surpassing the yearly target of Minimum Capital Requirement (MCR) set by the State Bank of Pakistan (SBP)....		Karachi Port operations KARACHI, Jan 9: A dozen ships carrying palm oil, urea, soyabean meal and to load ethanol are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....

Port Qasim KARACHI, Jan 9: Four ships to load and offload containers, rice, chemicals and sunflower seeds arrived at the outer anchorage during the last 24 hours, said a PQA press release on Tuesday....		US, EU trade chiefs see still hopeful: Doha Round WASHINGTON, Jan 9: Trade chiefs from the United States and the European Union expressed optimism for reviving stalled talks to liberalise global trade known as the WTO''s Doha Round....

Rating LAHORE, Jan 9: The Pakistan Credit Rating Agency (Pacra)) has maintained the long-term rating at ''A+'' (Single A plus), and the short-term rating at ''A1'' (A One) of First Dawood Investment Bank Limited (FDIB), says a press release....		Agreement KARACHI, Jan 9: Pakistan International Airlines and Ufone have signed a strategic partnership agreement, said a press release here on Tuesday. The programme will offer Ufone post-paid customers free and immediate...

Asian stocks close mostly up HONG KONG, Jan 9: Asian stocks closed mostly higher on Tuesday with Shanghai again outperforming, after Wall Street recovered from sharp falls overnight after upbeat comments on the US economy from the Federal Reserve....		Gold prices higher LONDON, Jan 9: Gold built on gains in New York as the dollar slipped against the euro on Tuesday, but the metal lacked impetus to rise strongly and might run into sell-off around $615 an ounce, dealers said....

European stock markets climb LONDON, Jan 9: European stock markets climbed on Tuesday, lifted by advances on Wall Street and in Japan, rising metal prices and fresh takeover speculation, dealers said....		Palm oil mixed KUALA LUMPUR, Jan 9: Malaysian crude palm oil futures closed mixed on Tuesday as players awaited crucial December production and stocks data to be issued by industry regulator Malaysian Palm Oil Board on Wednesday....