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July 13, 2006 Thursday Jumadi-ul-Sani 16, 1427 US vetting $ transfers to Pakistan KARACHI, July 12: The mounting American pressure for filtration of wire transfer of the US dollar is causing blockade in transfer of money to Pakistan, as TTs (telegraphic transfers) take 10... World Bank suggests divestment of PNSC KARACHI, July 12: The World Bank has suggested privatising the state-owned Pakistan National Shipping Corporation (PNSC) to increase participation of private sector in Pakistan-owned vessels.... Auto sector posts robust sales in FY06 KARACHI, July 12: Except for 42 per cent decline in sales of buses, the entire auto sector gave a robust performance marked by increase in car sales by 22.2... NWFP to get more revenue from royalty on oil, gas PESHAWAR, July 12: The NWFP government is optimistic about recording 15 per cent increase in revenue receipts on account of royalty on oil and gas during the next couple of years.... Stocks gain 264 points on institutional buying KARACHI, July 12: Stocks on Wednesday extended the overnight run-up on active follow-up support originating mainly from the institutional traders and leading punters but retailers remained conspicuous by their absence.... 240 items to be added to India trade list ISLAMABAD, July 12: The government is considering a range of products to be included in the tradeable list with India and formal announcement to this effect would be made in the next trade policy, it is learnt.... Mittal holds 14.11pc of Arcelor PARIS, July 12: Mittal Steel, the biggest steel producer in the world, said on Wednesday that it now held 14.11pc of the voting shares in number two Arcelor as the result... Pakistan, Iran plan investment company KARACHI, July 12: A Pakistan-Iran investment company with a capital of $25 million would be established shortly.... Costly oil imports widen US trade gap WASHINGTON, July 12: The US trade deficit increased slightly to $63.8bn in May as record oil imports offset growth in exports, the Commerce Department said on Wednesday.... Rs345m approved for export schemes ISLAMABAD, July 12: The Export Development Fund (EDF) Board of Administrators on Wednesday approved Rs345 million for different ongoing schemes relating to the promotion of exports.... Exchange companies to report on format KARACHI, July 12: The SBP on Wednesday directed exchange companies to submit the requisite information to its Exchange Policy Department (EPD) on the specific format provided to them with the circular.... Oil prices rise LONDON, July 12: World oil prices climbed slightly on Wednesday after official data showed US energy inventories had fallen more sharply than expected last week, analysts said.... Listless trading on cotton market KARACHI, July 12: Cheerless trading conditions prevailed on the cotton market on Wednesday as price ideas of ginners and spinners failed to find a meeting ground.... Electronic recharge service ISLAMABAD, July 12: Cellular phone operator Ufone on Wednesday announced the electronic recharge service to facilitate its countrywide pre-paid subscribers.... Ratings KARACHI, July 12: JCR-VIS Rating Company Limited has assigned a ''preliminary'' medium- to long-term rating of ''AA-'' (double A minus) with a ''stable'' outlook to the proposed issue of unsecured, subordinated... IBP course KARACHI, July 12: The Institute of Bankers Pakistan (IBP) organised a certificate distribution ceremony for the 24 female managers of National Bank of Pakistan on successful completion of a six-week duration programme on ‘Effective branch management’.... Air compressor KARACHI, July 12: CompAir has launched its DH series oil free air compressors and L-series at a ceremony held at a local hotel.... European stocks up LONDON, July 12: European stock markets advanced on Wednesday, lifted by the mining and auto sectors, and in the wake of gains made by Wall Street overnight, dealers said.... Palm oil lower KUALA LUMPUR, July 12: Malaysian crude palm oil futures closed down sharply on Wednesday, with the benchmark third month contract falling below the key support level of 1,500 ringgit because of lack of buying and higher stocks.... Asian stocks mixed HONG KONG, July 12: Asian stocks were narrowly mixed again on Wednesday, with trade muted as investors waited for an expected Bank of Japan interest rate hike on Friday to set the tone, dealers said.... Karachi Port operations KARACHI, July 12: Seven ships carrying sugar, DAP fertiliser and steel scrap are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, July 12: Two ships carrying containers were accommodated berths at QICT during the last 24 hours, said a PQA press release on Wednesday....

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