April 14, 2006	Friday	Rabi-ul-Awwal 15, 1427

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Closure of pumps, thin transport hit industry: Output stands at 25pc KARACHI, April 13: Thin transport and closure of majority of petrol pumps have literally jammed Karachi’s economic wheel for the second consecutive day on Thursday in the aftermath of Nishtar Park carnage....		KSE index crosses 12,000-point level KARACHI, April 13: Stocks on Thursday averted a major post-carnage shakeout as some of the leading institutional traders moved in and made active covering purchases on oil and bank counters but the underlying sentiment was terribly nervous....
Funding sought to upgrade technology: Import substitution ISLAMABAD, April 13: The government has decided to encourage import substitution by extensively upgrading indigenous industrial and manufacturing capabilities....		Proposals for new trade policy discussed ISLAMABAD, April 13: The annual meeting of Trade Policy Advisory Council held here on Thursday and discussed in detail issues relating to formulation of new trade policy for 2006-07....
Brent oil price at all-time high above $70 LONDON, April 13: The price of Brent North Sea crude oil broke through $70 per barrel for the first time on Thursday, fuelled by heightened tensions between Iran and the international community....		Inflation up 8.25pc in nine months ISLAMABAD, April 13: Inflation rose 8.25 per cent during the nine months (July-March) of the current fiscal year over the same period last year....
MFBs to write off loans after 180 days KARACHI, April 13: The State Bank has allowed writing off of micro loans after 180 days but has protected the right of micro finance banks to recover loans even after the write-off....		Return on borrowing higher than investment KARACHI, April 13: Liquidity-starved banks were compelled to borrow heavily from the discount window of the State Bank on Thursday while the overnight rate remained at the highest level....
US urged to approve scheme for ROZs ISLAMABAD, April 13: Commerce Minister Humayun Akhtar Khan has urged the United States for early finalization of modalities for Reconstruction Opportunity Zones (ROZs) to be established in Pakistan....		US jobless claims increase sharply WASHINGTON, April 13: New claims for US jobless aid rose an unexpectedly large 12,000 last week, government data showed on Thursday, but underlying measures of the labour market continued to show robust conditions....
Exports up by 18.6pc ISLAMABAD, April 13: Pakistan’s exports during July-March of the fiscal year 2005-06 stood at $12.073 billion as against $10.183 billion in the same period last fiscal year, showing an increase of 18.6...		CDC shares custody surges KARACHI, April 13: The Central Depository Company of Pakistan Limited (CDC) has inducted and subsequently transferred 1.326 billion Lot ‘B’ shares of Pakistan Telecommunications Company Limited (PTCL) to the account of the buyer....
Pakistan to upgrade textile units in Mauritius KARACHI, April 13: Pakistani entrepreneurs are interested to set up spinning units in Mauritius as joint ventures to assist in development of textile industry there, says FPCCI Vice-President Zubair Malik....		Steady trading on cotton market KARACHI, April 13: Trading on the cotton market after Wednesday’s closure resumed on a steady note on Thursday as some of the spinners made active covering purchases at the prevailing prices....
Asian stocks mixed HONG KONG, April 13: Asian stocks closed mixed in cautious trade on Thursday with sentiment slightly improved on the back of Wall Street’s gains and a slight fall in oil prices....		KSE board advised to follow good governance KARACHI, April 13: Securities and Exchange Commission of Pakistan Chairman Razi-ur-Rahman Khan on Thursday advised the board of Karachi Stock Exchange to follow good governance practices in order to curb manipulation and bring a fair, orderly, transparent and safe market....
SBP issues licence to Pak Oman Micro Bank KARACHI, April 13: The State Bank on Thursday said that it had issued a licence to Pak-Oman Microfinance Bank as a part of promotion of micro financing in the country....		Credit rating KARACHI, April 13: JCR-VIS credit rating company has reaffirmed the unsolicited rating of ‘A(p)’ (Single A rating category) assigned to Union Leasing Limited (ULL)....
Gold falls LONDON, April 13: Gold marginally retreated on Thursday from its highs as profit taking persisted ahead of Easter holidays, but market players remained upbeat on inflation worries and tensions following Iran’s nuclear aims....		Lumber feud OTTAWA, April 13: Trade minister David Emerson praised a World Trade Organisation about-face Thursday giving Canada another legal win in its longstanding softwood lumber feud with the United States....
E-tickets KARACHI, April 13: Emirates, the Dubai based international airline, has chosen Galileo’s distribution systems and American Express as the launch agency for the issuance of e-ticketing in Pakistan, says a press release....		Poultry rates KARACHI, April 13: The following are poultry rates....
Palm oil lower KUALA LUMPUR, April 13: Malaysian crude palm oil futures closed lower on Thursday as dealers finished short covering and took a breather after US soyaoil gave up some of its strong gains this week....		Karachi Port operations KARACHI, April 13: Four ships, including Parsian carrying 18,000 tons of sugar, are expected to arrive at the outer anchorage on Friday, according to KPT sources....