March 3, 2006	Friday	Safar 2, 1427

Please Visit our Sponsor (Ads open in separate window)

No subsidy for gas consumers ISLAMABAD, March 2: The government has decided in principle to remove gas subsidies to fertilizer and domestic consumers and withdraw over 17 per cent guaranteed rate of return to gas utilities for their successful privatization....		TCP’s second urea tender in jeopardy MULTAN, March 2: A second tender called by the Trading Corporation of Pakistan (TCP) for the import of urea is likely to hit snags owing to the short period given to the contracting firms for supply of fertilizer in the country....
PR plans fare increase to generate funds: Compensation to victims KARACHI, March 2: Train passengers travelling a minimum of 500-km may be asked to pay Rs3-5 more on their tickets as the Pakistan Railways plans to generate funds to be utilized for compensation payment to the victims of accidents....		Insurance cover for PLS account holders KARACHI, March 2: The National Bank of Pakistan, the only public sector bank, is offering insurance cover to its more than half a million PLS account holders against terrorism, accidents, and natural calamities....
PM seeks Malaysian investment ISLAMABAD, March 2: Prime Minister Shaukat Aziz on Thursday invited Malaysian investors for investment, especially in petroleum, agro industry, real estate, construction and tourism sectors....		Pakistan to seek access for textiles to US market ISLAMABAD, March 2: Pakistan will seek preferential market access for its textile products to the United States during President Bush’s visit to Pakistan. Talking to Dawn on Thursday, Textile Industry Minister...
Index sheds 92 points on cautious selling after blast KARACHI, March 2: Stocks on Thursday fell from the early highs on selling prompted by reports of bomb blasts near the city US consulate, killing a number of persons and injuring...		Slow trading on cotton market KARACHI, March 2: Modest trading activity was witnessed on the cotton market on Thursday as spinners continue to extend calculated support to the ginner offerings in an effort to keep prices within the current levels....
SBP to trace ATMs’ dubious transactions KARACHI, March 2: The mounting complaints against the dubious transactions of the automated teller machines (ATMs) have finally compelled the State Bank to intervene to decide the fate of millions of rupees of customers....		Local car Industry to be protected KARACHI, March 2: Chairman Engineering Development Board (EDB), Waseem Haqqie has said that he will endeavour to resolve the issue of import of used cars on an urgent basis....
Poultry prices drop by Rs6 a kg KARACHI, March 2: Poultry traders further reduced the prices by Rs six to Rs48 per kg at retail stage from Rs54 per kg last week. The new rate will be effective from Friday....		European stocks LONDON, March 2: European stock exchanges fell on Thursday, with the London FTSE 100 index shedding 0.19 per cent to close at 5,833 points. In Paris the CAC 40 dropped 0.96...
Karachi Port operations KARACHI, March 2: Two ships carrying 24,800 tons of sugar are expected to arrive at the outer anchorage on Friday, according to KPT sources. Six more vessels with raw jute, chemicals...		Port Qasim KARACHI, March 2: Three ships to load and offload containers and furnace oil were berthed at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Thursday....
Takeover deal LONDON, March 2: British ports operator P and O said on Thursday that its takeover by Dubai Ports World would likely complete on Friday, pending an appeals process following approval of the deal by London’s High Court....		Media award KARACHI, March 2: The Digital TV Log application developed by Media Bank (Media Innovations Pvt Limited), a member company of the Pakistan Software Houses Association (PASHA), has won the top prize...
Asian stocks close higher HONG KONG, March 2: Asian stocks closed mostly higher on Thursday following a sharp overnight gain on Wall Street where bargain hunters moved in after a sharp sell-off, dealers said....		Smuggled vehicles allowed clearance ISLAMABAD, March 2: The Central Board of Revenue on Thursday allowed clearance of smuggled vehicles (non-duty paid) on payment of 30 per cent redemption fine of the value, in addition to duty and taxes....
ECB hikes interest rates FRANKFURT, March 2: The European Central Bank raised its key interest rates to a three-year high on Thursday and signalled it was ready to act again any time if necessary....		Palm oil down KUALA LUMPUR, March 2: Malaysian palm oil fell more than half a per cent on Thursday, slipping below the crucial level of 1,500 ringgit, as a softer trend in soyaoil and light profit-taking weighed on prices....