April 16, 2006	Sunday	Rabi-ul-Awwal 17, 1427

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Tax, duty holiday for setting up LNG plants: Import, distribution ISLAMABAD, April 15: The government has granted a 10-year complete tax and duty holiday for all activities and projects related to the import and distribution of liquefied natural gas (LNG) to...		Provincial display centres planned: Women Expo begins KARACHI, April 15: The Adviser to Prime Minister on Women Development, Senator Nilofar Bakhtiar, said on Saturday that four display centres would be set up in each province to exhibit products produced by women entrepreneurs....
Profiteers, hoarders, cartels go unchecked KARACHI, April 15: Pakistan’s budget, foreign exchange reserves, exchange value of rupee and market prices are bound to come under serious strain in coming days because of government’s failure to deal effectively with speculators, hoarders, profiteers and cartels....		Lack of policy blocking investment in mineral sector ISLAMABAD, April 15: International donor agencies led by the World Bank have informed the government that the lack of legal/regulatory and institutional framework in the ministry of petroleum and natural resources...
Sindh opposes withdrawal of duty exemption: Wheat import ISLAMABAD, April 15: The Sindh government is opposing a Minfal proposal for withdrawing the duty exemption on wheat import saying this move will destabilise domestic prices....		Concentration on US, EU harmful: Growing exports KARACHI, April 15: Despite marked increase in exports, the United States and Europe are still receiving together about 60 per cent of Pakistan’s total foreign sales....
Hotels’ room occupancy drops to 50pc KARACHI, April 15: The hotel industry in Karachi suffered a setback as law and order situation deteriorated after the Nishtar Park tragedy on April 11. Consequently, the room occupancy in leading...		ABAMCO announces results of 10 funds KARACHI, April 15: ABAMCO Limited — the largest mutual fund managers in the private sector — with Rs27.2 billion under management, announced results of 10 funds under its management for the nine months period July 1, 2005 to March 31, 2006....
New OGDCL MD ISLAMABAD, April 15: The government on Saturday removed OGDCL managing director M. Raziuddin and appointed former managing director of Caltex Arshad Nasir in his place....		Highways rule adds to business cost KARACHI, April 15: The National Highway Police has imposed load restrictions on trucks plying on highways in the country....
Buyers remain busy on cotton market KARACHI, April 15: Trading on the cotton market on Saturday resumed on a firm note as pent-up demand owing to strike figured prominently at the prevailing prices....		WPI rose by 8.5pc in March ISLAMABAD, April 15: The wholesale price of major commodities has increased by 8.51 per cent during March, 2006 over the same month last year....
Investment under CFS crosses ceiling KARACHI, April 15: The CFS investment on the Karachi Stock Exchange last week briefly crossed the ceiling of Rs25 billion at Rs27.17 billion owing to heavy demand for funds apparently to invest in the leading shares, notably National Bank and D.G....		ICAP budget proposals KARACHI, April 15: The Institute of Chartered Accountants of Pakistan (ICAP) has called for introduction of a comprehensive sales tax regime for every business....
Ongoing Iran–US tussle to hurt energy markets RIYADH, April 15: Stakes are increasing. With ominous signs all around and clouds gathering on the horizon, a storm on the energy scene appears inevitable. In case hostilities between the US...		Russia may halt oil product shipments ST PETERSBURG, April 15: Russia may halt oil products shipments through its northern river route to the Baltic Sea port of St Petersburg in 2007 due to poor technical state of...
WTO chief blames big players for no trade deal NAIROBI, April 15: World Trade Organisation head Pascal Lamy said on Friday the big players in four-year-old global trade talks were to blame for lack of a deal and called on African countries to put pressure on the heavyweights....		IMF expects to raise Morocco growth forecast RABAT, April 15: The International Monetary Fund expects to raise its forecast for economic growth in Morocco this year to above 6 per cent from 5.4...
‘Lebanon wants US help for debt conference’ BEIRUT, April 15: Lebanon will seek support from the United States to hold an international donor conference to help the Arab state curb its public debt of around $36 billion and boost growth, Prime Minister Fouad Siniora said on Saturday....		Saudi shares tumble RIYADH, April 15: Saudi shares tumbled almost six per cent on Saturday in a wave of speculative selling unleashed last week by a crackdown on market manipulation....
US stocks may climb next week NEW YORK, April 15: US stocks could climb next week, with analysts expecting companies to report strong profits as the quarterly earnings season gets into high gear....		TCP buys 75,000 tons of sugar KARACHI, April 15: The Trading Corporation of Pakistan (TCP) on Saturday bought 75,000 tons of white sugar at $491 per ton C&F Karachi, a company official said....
Bush urges Congress to make tax cuts WASHINGTON, April 15: As Americans face a deadline for filing taxes, President George W. Bush on Saturday pressed Congress to extend tax cuts, saying they create jobs and economic growth....		Karachi Port operations KARACHI, April 15: Seven ships carrying 351 cars and to load 20,000 tons of rice are expected to arrive at the outer anchorage on Sunday, according to KPT sources....