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July 11, 2006 Tuesday Jumadi-ul-Sani 14, 1427 No cut in rates amid Chinese cement row KARACHI, July 10: While the fate of around 100,000 tons of Chinese cement -- detained on two ports on quality grounds -- still hangs in the balance, the prices of locally... Govt may approve plan to make parts locally ISLAMABAD, July 10: The government is likely to soon approve a new plan aimed at locally developing different parts of automobiles, motorcycles, washing machines, fans, pumps, refrigerators, air-conditioners, air-coolers, geysers, utensils... PM seeks new ideas for boosting exports ISLAMABAD, July 10: Prime Minister Shaukat Aziz on Monday directed the commerce ministry to work out practical proposals for boosting the exports of the country. Presiding a meeting to review the... Abolition of ERF demanded KARACHI, July 10: The Union of Small and Medium Enterprises (Unisame) has claimed that the Export Refinance Facility (ERF) is being used for speculative and non-productive economic activities.... SBP for liberalization of trade with India KARACHI, July 10: The State Bank of Pakistan has called for more liberalisation of trade with India which it believes will be more beneficial for Pakistan, as the country could save... Amended draft law for TDAP on 17th ISLAMABAD, July 10: The government has fine-tuned the proposed draft ordinance for the establishment of the Trade Development Authority of Pakistan (TDAP) to address the concerns of the existing employees of the EPB, it is learnt.... Dollar rebounds LONDON, July 10, 2006: The dollar rebounded on Monday from selling late last week in the wake of a weak US jobs report, amid trading that lacked major economic data for guidance.... Saarc states plan Poverty Alleviation Fund ISLAMABAD, July 10: Finance ministers from Saarc countries will formulate recommendations for the establishment of the Poverty Alleviation Fund (PAF), with an initial corpus of $300 million under the social window as an integral part of the Saarc Development Fund (SDF).... Oil falls further from peak levels LONDON, July 10: Oil prices slipped on Monday from last week''s record peaks, on profit-taking caused by easing concerns over Iran, analysts said. New York''s main contract, light sweet crude for delivery in August, dropped 84 cents to $73.25... Market crash probe claims 331 points on panic-selling KARACHI, July 10: The KSE 100-share index on Monday plunged by 331.57 points or 3.37pc at 9,504.47 on panic-selling triggered by the blame game on allegedly manipulated March 2005 market crash, which wiped out $13 billion from the small investors savings.... PPIB asked to import coal plants ISLAMABAD, July 10: Prime Minister Shaukat Aziz on Monday directed the Private Power Infrastructure Board (PPIB) to invite expressions of interest for the import of coal plants through open advertisement.... Tata halts development activities on BD projects DHAKA, July 10: India’s Tata Group on Monday announced suspension of all development activities on the proposed $3 billion projects in Bangladesh, due to the BD’s government’s go-slow policy over the investment talks.... Karachi Port operations KARACHI, July 10: Six ships carrying iron scrap, DAP fertiliser and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, July 10: Four ships scheduled to load and offload containers, rice and diesel oil were allotted berths at the QICT, MPT and Fotco Terminal during the last 24 hours, said a PQA press release on Monday.... Cotton prices fall on slack demand KARACHI, July 10: Trading on the cotton market on Monday resumed on bearish note as official spot rates were revised downward by Rs25 per maund in the absence of strong demand from spinners and mills.... MTU revenue up by 29pc KARACHI, July 10: Member Sales Tax, Central Board of Revenue (CBR), Shahid Ahmed has said that the present budget has given maximum tax relief to the taxpayers, especially the salaried class.... CAA’s revenue doubles KARACHI, July 10: The Civil Aviation Authority (CAA) has doubled its revenue over the past three years. According to a press release, the CAA board was informed on Monday that from Rs5.4... Asian stocks firmer HONG KONG, July 10: Asian stocks were mostly firmer or off their lows Monday, recovering from a weak start as investors welcomed sharp gains in Tokyo following better-than-expected private sector machinery order figures, dealers said.... Palm oil prices KUALA LUMPUR, July 10: Malaysian crude palm oil futures closed marginally lower on Monday after the Malaysian Palm Oil Board data showed higher closing stocks in June.... European stocks lower LONDON, July 10: European stocks fell on Monday as weakness in the oil sector and a Wall Street slump before the weekend offset excitement following the debut of British insurer Standard Life, dealers said....

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