April 29, 2006	Saturday	Rabi-ul-Awwal 30, 1427

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Domestic debt rises by Rs163bn in 8 months KARACHI, April 28: Despite poor response from the National Saving Schemes, country’s domestic debt increased by Rs163 billion in the first eight months of the current fiscal....		Over 500 dumper trucks detained: Classification dispute KARACHI, April 28: Over 500 dumper trucks having an estimated import value of $5 to $7.5 million (Rs300 to Rs450 million) have been detained by the customs authorities over a classification dispute for being ‘off-highway or on-highway use’ with their importers....
Release of imported sugar stocks sought ISLAMABAD, April 28: While the country continues to face the sugar crisis, the commerce ministry is sitting over a stock of 27,000 bags of imported sugar for the past over one year, it is learnt....		Non-textile product exports up 17.6pc ISLAMABAD, April 28: Pakistan’s exports of non-textile products rose by 17.6 per cent to $4.871 billion during nine months (July-March) of the current fiscal year as against $4.142...
KSE index sheds 342 points on panic selling KARACHI, April 28: Stocks on Friday crashed from the recent highs, off three percent or 342 points followed by panic selling by leading investors in the ready section amid conflicting reports...		Cotton market steady on selective buying KARACHI, April 28: Cotton market showed quietly steady trend on Friday but mills offtake remained selective as some of the leading spinners lifted fine lots from the southern Punjab cotton belt....
Big firms suspend import of pesticides LAHORE, April 28: Seven top importers of pesticides, holding over 70 per cent of the market share, have decided to stop imports of all kinds of pesticides and herbicides, thus putting cotton and rice crops under tremendous pressure....		PPL posts Rs9.5bn after-tax profit KARACHI, April 28: Pakistan Petroleum Limited (PPL) posted after tax profit at Rs9.58 billion for the nine months ended on March 31, 2006. That translated into earning per share (eps) at Rs13.98...
Amendments to NBFC rules proposed ISLAMABAD, April 28: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003....		Procedure for freight subsidy notified: Cement import ISLAMABAD, April 28: The government has notified a procedure for importers to lodge claims for obtaining freight subsidy against duty-free import of cement....
MCB Bank declares dividend KARACHI, April 28: The Board of Directors of MCB Bank here on Thursday declared 20 per cent cash dividend for the first quarter ending March 31, 2006....		ABL profit surges by 150pc KARACHI, April 28: The Board of Directors of Allied Bank Ltd (ABL) on Friday approved the un-audited accounts for the quarter ended March 31, 2006....
SSGC pre-tax profit falls KARACHI, April 28: The sales of Sui Southern Gas Company increased by six per cent to 267,441 mmcf while the corresponding value rose by 24 per cent to Rs49.6...		NBP to open branches in India, S. Arabia KARACHI, April 28: National Bank of Pakistan (NBP) will soon open its branches in Saudi Arabia and India, said NBP President Syed Ali Raza....
China, Russia top US trade blacklist WASHINGTON, April 28: China and Russia are among the world’s worst offenders at abusing American companies’ intellectual property rights, the US government said in an annual report on Friday....		Orient wins four awards KARACHI, April 28: Orient Advertising has won the highest business award for the 18th consecutive time. This year, the agency has won four awards in different categories....
Hannover fair ends KARACHI, April 28: The Hannover Fair 2006 came to a resounding close on Friday with Pakistani exhibitors expressing complete satisfaction over their participation. This was stated in a message received here from the German industrial city....		Asian stocks close lower HONG KONG, April 28: Asian stocks closed off their lows on Friday after investors sent markets plunging over a shock interest rate hike in China, raising fears that Beijing would act further to cool its fast running economy....
Port Qasim KARACHI, April 28: Brisk berthing activity was witnessed at the port where five ships were accommodated berths at QICT, MPT and EVT during the last 24 hours, said a PQA press release on Friday....		Karachi Port operations KARACHI, April 28: Two ships carrying containers are due to arrive at the outer anchorage on Saturday, according to KPT sources....