April 28, 2006	Friday	Rabi-ul-Awwal 29, 1427

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Power failures hit industrial output KARACHI, April 27: While residential consumers have been enduring unannounced power shutdowns, KESC has now shifted its focus towards industrial areas, affecting productivity....		Committee asked to submit report by May 10: Cutting cost of production KARACHI, April 27: Minister for Textile Industry Mushtaq Ali Cheema has constituted a seven-member committee to suggest ways and means to reduce the cost of production....
KESC assures normal supply in two weeks KARACHI, April 27: Karachi Electric Supply Corporation has assured businessmen that with the commissioning of Hubco link, the power supply situation in the city will improve in two weeks....		POL imports up by 64 per cent ISLAMABAD, April 27: The import bill of petroleum products rose by 64.46 per cent to $4.615 billion during the July-March period of the current fiscal year as against $2.806...
Index falls 226 points on near-panic selling KARACHI, April 27: Stocks on Thursday suffered fresh widespread price erosions on near-panic selling from bargain-hunters and sundry speculators under the lead of leading base shares, but unlike the previous sessions there were not many buyers at falling prices....		Increased Pakistan-BD trade ties stressed KARACHI, April 27: Deputy High Commissioner of Bangladesh M. Abdul Hannan has stressed the need for enhancing economic cooperation between Bangladesh and Pakistan to boost the bilateral trade volume to $1 billion in next two years....
Cement makers cut prices further LAHORE, April 27: Cement producers on Thursday further cut down the ex-factory prices to Rs300 per 50kg bag, a day after the issuance of notification that allows duty free cement imports...		Investment in oil, gas exploration sought ISLAMABAD, April 27: Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon on Thursday said that the government was encouraging and facilitating investment in the oil and gas sector....
SBP buying dollars to maintain reserves KARACHI, April 27: The foreign exchange reserves of the country slightly increased during the last week but the SBP saw a substantial outflow in its forex holdings....		PSO profit rises by 7pc at Rs4.6bn KARACHI, April 27: Pakistan State Oil (PSO) posted after tax profit at Rs4.6 billion for the nine months (July-March 2006), representing 7 per cent growth over the corresponding period of the previous year....
Kinno exports rise by 50pc KARACHI, April 27: Shipments of kinno (citrus fruit) to Iran and Ukraine for the first time have helped exports surge by over 50 per cent during this season....		European stocks LONDON, April 27: European stock markets closed lower on Thursday, pulled down by losses in mining companies in London and a weak start to trading on Wall Street, dealers said....
Textile industry against raise in gas tariff LAHORE, April 27: The textile industry on Wednesday called upon the government and the Oil and Gas Regulatory Authority (Ogra) to freeze gas tariffs for textiles and other industrial units at the current level....		Spinners return to ready market KARACHI, April 27: Active trading was witnessed on the cotton market on Thursday as spinners resumed their covering purchases against forward sales of yarn and cloth....
Electronic filing of ST registration ISLAMABAD, April 27: The Central Board of Revenue on Thursday launched electronic filing of application for sales tax registration....		Intel savings NEW YORK, April 27: Intel, the world’s biggest chipmaker, will seek cost cuts of $1bn in its most sweeping reorganisation in two decades.—AFP...
PC shipments KARACHI, April 27: The personal computer (PC) shipments to Pakistan grew 16.6 per cent in 2005 to reach just under half million mark with 494,000 units due to growing IT awareness and increased focus from multinational IT vendors....		Palm oil steady KUALA LUMPUR, April 27: Malaysian crude palm oil futures closed steady to slightly lower on Thursday, on profit taking amid worries of rising ringgit currency, traders said....
Port Qasim KARACHI, April 27: A record cargo volume of 0.122 million tons comprising 0.091 million tons of import and 0.031 million tons of export cargo was handled at the port during the last 24 hours, said a PQA press release on Thursday....		Karachi Port operations KARACHI, April 27: Nine ships, including two loaders to load 36,000 tons of rice, are due to arrive at the outer anchorage on Friday, according to KPT sources....