May 6, 2006	Saturday	Rabi-us-Sani 7, 1427

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Aptma seeks ban on lint exports by TCP KARACHI, May 5: The All Pakistan Textile Mills Association (Aptma) has urged the government not to allow the Trading Corporation of Pakistan (TCP) to export its cotton stocks of around 230,000...		Pakistan seeks WIPO help in patent rights ISLAMABAD, May 5: Pakistan has sought technical assistance from the World Intellectual Property Organisation (WIPO) to enable it to protect its geographical indicators (GIs) from unfair commercial use by any third party....
Assistance from lenders to be sought at PDF: $40bn projects ISLAMABAD, May 5: Pakistan will seek next week support of multilateral and bilateral lenders to fund its over $40 billion programmes relating to infrastructure development, energy and economic growth so that...		Tax on stock, property income proposed ISLAMABAD, May 5: The Senate Standing Committee on Finance, Revenue and Economic Affairs has suggested to the government to levy tax on income of stock exchanges and real estate business to raise maximum revenue for the national kitty....
KSE 100-index resists fresh fall on active short-covering KARACHI, May 5: Stocks on Friday resisted fresh fall on active short-covering on selected counters at the lower levels amid highly erratic price movements as leading investors played on both sides of the fence....		US asks for removal of hurdles to investment ISLAMABAD, May 5: US Under-Secretary of State for Trade and Commerce Franklin L. Lavin has urged Pakistan for early addressing the concerns of US companies in order to attract further investment....
Taiser Town attracts 309,300 applications KARACHI, May 5: Allied Bank has received a total 309,300 applications for the low-cost housing scheme, Taiser Town, but so far no date for balloting has been fixed, says a highly-placed bank official....		Karachi Appraisement collection up by 12pc KARACHI, May 5: The Collectorate of Appraisement, Karachi collected Rs113.773 billion during July-April period of the current fiscal year compared to Rs101.497 billion the same period last year, showing an increase of 12.11...
Oil prices stay firm above $70 LONDON, May 5: World oil prices held above $70 per barrel on Friday after plunging this week from record heights on news of a surprise increase in US motor fuel stockpiles, dealers said....		India calls for Asian free trade area HYDERABAD, May 5: Indian Prime Minister Manmohan Singh envisaged on Friday a vast free trade area driving Asia’s future economic growth in his opening address at the Asian Development Bank’s annual meeting....
India urged to cut farm tariffs NEW DELHI, May 5: The US has asked India to lower agricultural tariffs, ensure a vibrant intellectual property rights (IPR) regime and open up its retail sector to foreign investment to further improve bilateral relations....		FTA with Singapore makes headway SINGAPORE, May 5: Singapore and Pakistan on Friday completed a third round of negotiations for a free trade agreement (FTA), the city-state’s trade ministry said....
Uncertainty over final crop figures mar cotton trading KARACHI, May 5: Quieter conditions prevailed on the cotton market on Friday as spinners kept to the sidelines apparently analysing the likely impact of the final crop figures on the future price outlook....		Pakistan may resume wheat export KARACHI, May 5: After a gap of over two years, Pakistan is keen to allow wheat exports, amid fears that rising stocks from a good harvest this year could dent domestic prices, trade and government officials said on Friday....
More focus on economic issues stressed KARACHI, May 5: Speakers at a signing ceremony of an MoU between the Pakistan Press Foundation (PPF) and the Centre for International Private Enterprise (CIPE) here on Friday stressed the need...		EU offers funds for Kazakh gas pipeline MOSCOW, May 5: The European Union’s Energy Commissioner Andris Piebalgs has offered to finance plans to build a natural gas export pipeline from Kazakhstan that would avoid transit through Russia during...
Opec output LONDON, May 5: Opec oil output rose 140,000 barrels per day (bpd) in April to the highest monthly level this year as Iraq and Nigeria boosted exports....		TCP issues sugar tender KARACHI, May 5: The Trading Corporation of Pakistan (TCP) on Friday issued a tender to buy 50,000 tons of refined sugar, with shipment due in July and bids to be submitted on May 19, a company spokesman said....
Penny pricing MIAMI, May 5: The Securities and Exchange Commission is looking at several proposals on how to implement penny trading in the US options market — a move that would help investors get the best prices, an SEC official said on Friday....		Trade deficit rises SYDNEY, May 5: Australia’s trade deficit rose sharply to a worse-than-expected 1.5 billion dollars ($1.2 billion) in March after cyclones disrupted exports from mining regions in the country’s north and west, the government said on Friday....
Corporate failures decline FRANKFURT, May 5: The number of companies that went bust in Germany stood at 2,755 in February, seven per cent fewer than in the same month last year, data published by the federal statistics office Destatis showed on Friday....		Gold hits 25-year peak LONDON, May 5: Gold glittered on Friday as investor interest buoyed by firm oil and geopolitical worries pushed the metal to a new 25-year high, just $15 away from the next big target of $700 an ounce....
US creates 138,000 new jobs in April WASHINGTON, May 5: US job creation weakened last month to its slowest pace since after Hurricane Katrina, but wages took off in a warning sign for the Federal Reserve, government data showed on Friday....		Kenya tea production recovering NAIROBI, May 5: Kenya’s tea production is recovering quickly following good rains, and current relatively high prices at weekly auctions are expected to persist in the near term, the country’s leading producer said on Friday....
Palm oil lower KUALA LUMPUR, May 5: Malaysian crude palm oil futures ended marginally lower in thin trade on Friday as pressure from a strengthening ringgit and holidays in China kept buyers at bay....		Asian stocks close higher HONG KONG, May 5: Asian stocks closed mostly higher on Friday in sharply reduced volumes with many of the region’s major markets closed for a public holiday, dealers said....
Port Qasim KARACHI May 5: Brisk shipping activity was witnessed at the port where three ships carrying containers, edible oil and furnace oil were allotted berths at QICT, MPT and Fotco oil terminal on Thursday....		Karachi Port operations KARACHI, May 5: Five ships including Wise King carrying 18,150 tons of sugar are due to arrive at the outer anchorage on Saturday, according to KPT sources....