March 5, 2006	Sunday	Safar 4, 1427

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Security of cargo pact signed with US ISLAMABAD, March 4: Pakistan and the United States here on Saturday signed a ‘declaration of principles’ on enhancing international maritime trade security under a bilateral initiative called the Integrated Cargo/Container Control (IC3) Programme....		Monetary growth rising 2pc/month KARACHI, March 4: The monetary growth has been rapidly increasing by an average two per cent per month for the last four months despite tight monetary policy being followed by the State Bank....
Cement prices up by Rs5 per bag KARACHI, March 4: Cement prices have increased by an average of Rs5 per bag in the last two weeks, a senior executive of a cement manufacturing company revealed on Saturday....		Sindh given framework for next budget: WB finds discrepancies KARACHI, March 4: After observing discrepancies and deviations in the provincial budgets in last couple of years, the World Bank has given a framework to prepare the budget for 2006-07 and also draw up a policy action....
CFS rates steady at 18 per cent KARACHI, March 4: Both CFS rates and investment on the Karachi Stock Exchange last week remained capped at 18 per cent and Rs25 billion, respectively, as demand for funds was relatively slow owing to some negative news....		Back with a vengeance, US firms hitting India NEW DELHI, March 4: Call it a second wave from across the Atlantic. A fresh crop of US companies is hitting India with a vengeance. Whether it’s consulting major Bain, internet...
ROZs products to get duty free access to US ISLAMABAD, March 4: Pakistan will work out a list of items, mostly textile products, to be manufactured in the proposed reconstruction opportunity zones (ROZs) for export at zero custom duty to the United States....		Global market oversupplied with oil, says Opec chief WASHINGTON, March 4: Opec President Edmund Daukoru said on Friday that the global oil market is oversupplied by about 2 million barrels per day. The market is indeed well supplied with...
Signing of investment treaty deferred ISLAMABAD, March 4: Pakistan and the United States on Saturday deferred the signing of Bilateral Investment Treaty (BIT) following failure of the two sides to develop consensus at technical level on some clauses of the agreement....		Action plan for knitwear industry ISLAMABAD, March 4: The government has constituted a committee to work out a comprehensive action plan for development of knitwear industry which is under pressure following abolishing of quota regime last year....
Cotton output falls by 13pc MULTAN, March 4: The country has produced 12.306 million bales till March 1, 2006, said a fortnightly report issued by the Pakistan Cotton Ginners Association (PCGA) here on Saturday....		NBP, TIP sign MoU KARACHI, March 4: National Bank of Pakistan and Transparency International Pakistan (TIP) on Saturday signed a memorandum of understanding (MoU) for the implementation of ‘integrity pact’ and transparency in its procurement system....
Mozambique offers big market KARACHI, March 4: Pakistani business community has been urged to explore Mozambique where vast avenues for investment were available and a big market awaited their goods....		Prices stay firm on cotton market KARACHI, March 4: Cotton prices on Saturday remained stable around the previous levels as spinners and mills kept to the sidelines apparently assessing the impact of lower crop arrivals and the proposed TCP tender for 50,000 bales....
Karachi Port operations KARACHI, March 4: Five ships carrying containers and steel coils are expected to arrive at the outer anchorage on Sunday, according to KPT sources. Berthing activity at the wharves was maintained...		Port Qasim KARACHI, March 4: Two ships carrying containers and diesel oil were berthed at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Saturday....
FPCCI acting president KARACHI, March 4: Mr Akbar Abdullah, vice president of the Federation of Chambers of Commerce and Industry (FPCCI), will take over as acting President during the visit abroad of President FPCCI, Chaudhry Muhammad Saeed from March 5, 2006....		Dollar steadies, helped by US services sector data NEW YORK, March 4: The dollar traded flat against the euro on Friday after rising earlier on a snapshot of the US service sector in February that exceeded market expectations and offset a below-consensus measure of US consumer sentiment....
Too much investment harmful for China BEIJING, March 4: Excessive investment growth is creating supply gluts that are driving down corporate profits and exposing banks to the risk of more bad loans, according to a speech Chinese Premier Wen Jiabao is due to give on Sunday....		US farm groups urge limits on developing nations WASHINGTON, March 4: Developing countries with export sectors that compete with US farm goods should be subject to certain restrictions as part of any global trade agreement to reduce farm subsidies, US farm groups said....
Contract for laser printers KARACHI, March 4: Samsung Electronics, the world’s number one manufacturer of semiconductors and the worldwide digital information technology leader on Saturday announced Roma-Infotech as a countrywide distributor for their fast-moving Laser Beam printers, says a press release....		Karachi market rates KARACHI, March 4: The following were Saturday’s commodity market rates in rupees....