January 20, 2006	Friday	Zilhaj 19, 1426

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New law for trade bodies hinted at: CIPE office opened KARACHI, Jan 19: While expressing his doubts on the representative character of the trade bodies and the chambers in the country, Commerce Minister Humayun Akhtar Khan on Thursday hinted at the...		Withdrawal of SRO sought LAHORE, Jan 19: Exporters of value-added products — apparels, carpets, etc., — are running from pillar to post in order to bring home to the Central Board of Revenue to withdraw...
NIT posts 220pc growth in earnings KARACHI, Jan 19: National Investment Trust (NIT) posted earning per unit (eps), for the half year ended December 31, 2005, at Rs4.48, which reflected a huge jump of 220 per cent compared to Rs1.40...		Falling reserves put stability at risk: Country may face $2 billion decline KARACHI, Jan 19: Fast depleting forex reserves could pose serious threat to the economic stability as over $1.1 billion slipped away in six months from the reserves....
Delay occurs in goods clearance KARACHI, Jan 19: Despite hectic efforts to clear goods swiftly under the new Customs Administrative Reforms (CARe) system, a delay in clearing some consignments is still occurring because of some existing provisions of the Customs Act, 1969....		UAE firm to invest Rs45 billion ISLAMABAD, Jan 19: Al Ghurair Giga Pakistan — a UAE-based developer — will invest around Rs45 billion in construction of 26 buildings for Defense Housing Authority, Islamabad....
Exports up 24pc in six months ISLAMABAD, Jan 19: Pakistan’s export of merchandise rose by 31.1 per cent in December 2005 and 23.8 per cent during the first half (July-Dec) of the fiscal year 2005-06, over the same periods last year....		Sri Lanka seeks joint ventures KARACHI, Jan 19: Sri Lanka has invited manufacturers and exporters of knitwear and sweaters to participate in the forthcoming trade fair “Imexpro 2006” being held in March to explore the possibilities of entering into joint ventures with Lankan businessmen....
NPO moot on business acumen Our Staff Reporter...		Stocks gain 24.69 points on covering purchases KARACHI, Jan 19: Stocks on Thursday recovered from early lows as investors covered positions at the lower levels on selected counters under the lead of cement and some bank shares....
US housing WASHINGTON, Jan 19: US housing starts slumped 8.9 per cent in December to a seasonally adjusted annual rate of 1.933 million units, the government reported on Thursday....		Furniture fair LONDON, Jan 19: Pakistan will participate in the International Furniture Fair being held at the National Exhibition Centre, Birmingham, from Jan 22 to 25. Pakistan’s furniture exports to Britain increased more than 120 per cent from 3.718...
Exporters of ghee allowed drawback of FED ISLAMABAD, Jan 19: The Central Board of Revenue (CBR) has notified that exporters of ghee and cooking oil are entitled to duty drawback of federal excise duty (FED) of Re1 per kg paid at the import stage....		Lint prices consolidate overnight gains KARACHI, Jan 19: Cotton market on Thursday consolidated overnight gains as spinners and mills kept to the sidelines, signalling that they were not inclined to go beyond their export parity levels....
US jobless claims dip WASHINGTON, Jan 19: US jobless claims fell 36,000 to a seasonally adjusted 271,000 in the week to January 14, their lowest level in almost six years, the Labour Department said on Thursday....		Karachi Port operations KARACHI, Jan 19: Six ships carrying tallow, soyabean meal and trucks are due to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was...
Launching of IBP revised curriculum KARACHI, Jan 19: The Governor State Bank of Pakistan, Dr Shamshad Akhtar, will preside over the launching ceremony of ‘Superior Qualification’ (ISQ) of the Institute of Bankers Pakistan (IBP) at 4.30pm...		Emerging markets get $358bn WASHINGTON, Jan 19: Investors pumped a record $358 billion into emerging markets in 2005, encouraged by favourable economic conditions and a search for high returns, a report showed on Thursday....
Aircraft KARACHI, Jan 19: Airblue has acquired two more A321 aircraft on dry lease which will be inducted in its fleet next week to consolidate its domestic network....		Top brand KARACHI, Jan 19: In the year 2005, the ABN Amro Bank was named as one of the top brands by Medinge group, the renowned international think-tank on branding business, and the...
Asian stocks bounce HONG KONG, Jan 19: Asian stocks bounced off Japan to a much higher close on Thursday with investors finding some relief in Tokyo where calm was finally restored after a day of chaotic trade, dealers said....		Gold prices higher LONDON, Jan 19: Gold prices rebounded on Thursday after falling to a one-week low earlier in Asia as Japanese interest revived and sentiment remained positive, dealers said....
European stocks rebound LONDON, Jan 19: Calm returned to global stock markets on Thursday, with European exchanges recouping losses as Japanese shares closed sharply higher after plunging the day before, dealers said....		Palm oil up KUALA LUMPUR, Jan 19: Malaysian palm oil ended up on Thursday after tracking a rebound in rival soyaoil, but gains were limited by a firming ringgit that could hit exporters’ earnings, dealers said....