March 12, 2006	Sunday	Safar 11, 1427

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CCoP okays transfer of PTCL to Etisalat: Signing ceremony today ISLAMABAD, March 11: The Cabinet Committee on Privatization (CCoP) headed by Prime Minister Shaukat Aziz here on Saturday approved takeover of management control of Pakistan Telecommunication Company Ltd (PTCL) by the UAE telecom Etisalat....		Tax-to-GDP ratio needs to be improved ISLAMABAD, March 11: The government faces serious financial and technical constraints to achieve its long-term economic objectives, including increasing the current $104 billion GDP to $700 billion by 2030....
Local insurers’ deal with Indian corporation KARACHI, March 11: A few Pakistani private general insurance companies have entered into re-insurance business relationship with the giant state-owned General Insurance Corporation of India (GIC)....		Exploration of oil, gas up: Textile sector profit down KARACHI, March 11: Based on the 1HFY06 results released recently, analysts have commented on oil and gas exploration and production companies as showing growth, while the textile sector painting a bleak picture....
Tax relief urged to boost exports KARACHI, March 11: Pakistan’s textile exports recorded a rise of around 21 per cent during July-Jan, 2005-06 in post-textile-quota environment. Commenting on the growth in exports the textile experts said that...		Agriculture share up 38pc on higher prices KARACHI, March 11: The share of agriculture in the economy in rupee terms has gone up to over 38 per cent in the last five years but the overall production and...
Liberal car imports hurt local industry KARACHI, march 11: Roads in the country, already crowded with traffic, will have to accommodate 16,885 of different types of vehicles imported during July-Feb, 2005-06 under transfer of residence, baggage and...		Successful testing of Manzalai-2 announced ISLAMABAD, March 11: Oil and Gas Development Corporation Limited (OGDCL), in collaboration with its joint venture partners POL, MOL and GHPL, has announced successful completion of testing of the Manzalai-2 well as a part of Tal Exploration Block, located in NWFP....
PPIB to offer 960-mw project ISLAMABAD, March 11: The Private Power and Infrastructure Board (PPIB) has decided to offer 960-mw hydro power project at Tarbela to private sector on competitive basis....		CFS investment falls KARACHI, March 11: After staying around the upper limit for the last six months, CFS investment on the Karachi Stock Exchange last week suffered a sharp fall of Rs2 billion at Rs23.1...
High price demand affects cotton sales KARACHI, March 11: Physical business on the cotton market at the weekend session failed to pick up as price ideas of ginners and spinners failed to find a meeting ground for the third session in a row....		Karachi Port operations KARACHI, March 11: Seven ships carrying rock phosphate and to load rice are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
FTA with Malaysia ISLAMABAD, March 11: Pakistan and Malaysia have finalized rules of origin and dispute settlement mechanism under the proposed FTA between the two countries. An official told Dawn on Saturday that the...		Asian reserves SINGAPORE, March 11: Asian holdings of foreign exchange reserves, excluding those of China, dipped by $1.05 billion to about $1.907 trillion in February, following a 1.6pc...
Oil slides, metals hit by rate concerns LONDON, March 11: World oil prices dropped below $60 this week after official data revealed robust US energy stockpiles and the Opec cartel maintained its crude production levels at a 25-year high....		Poultry rates KARACHI, March 11: The following are poultry market rates. EGGS: Rs600 to Rs605 per crate of 30 dozens, Broiler (Live): Rs46 per kilo; Culled Bird (Live): Rs24 per kilo....