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July 25, 2006 Tuesday Jumadi-ul-Sani 28, 1427 Banks, DFIs asked to stop misuse of loans: Speculative activities KARACHI, July 24: The State Bank has warned the banks and DFIs against the misuse of loans extended by them to borrowers for investing in the capital market and real estate.... Smeda providing guidance to investors: Mineral-rich Balochistan QUETTA, July, 24: Small and Medium Enterprise Development Authority (Smeda) is providing technical know-how and guidance to investors for exploiting the investment opportunities offered by the mineral-rich Balochistan.... Govts fail to come clean on subsidies: WTO GENEVA, July 24: Most governments handing out subsidies to farmers and industry do not reveal the true amounts as required by international rules, the World Trade Organisation said on Monday.... Dollar firm against euro LONDON, July 24: The dollar was firm against the euro and yen in lacklustre trading here on Monday following earlier gains in Asia, dealers said.The euro fell to $1.2632... Premiums on cars again shoot up KARACHI, July 24: Premiums on local cars have started climbing up. The delivery period, however, has shrunk owing to an increase in production capacity by the assemblers.... Oil prices drop on ME peace hopes LONDON, July 24: Oil prices retreated further on Monday as prospects rose for a ceasefire between Israel and Hezbollah militants in Lebanon, dealers said.... KSE 100-share index gains 93 points on late selling KARACHI, July 24: The share market on Monday resumed trading on an optimistic note as investors were not deterred by the developing situation on local political and Lebanon fronts and made... Ginners raise asking prices by Rs25-50 KARACHI, July 24: Trading on the cotton market on Monday resumed on a steady note but physical activity remained slow as ginners raised their asking prices followed reports of fresh rain in the lower Sindh cotton belt.... SBP launches electronic credit information bureau KARACHI, July 24: State Bank Governor Dr Shamshad Akhtar formally inaugurated the Electronic Credit Information Bureau (e-Cib) on Monday.... Inflation threat PARIS, July 24: Central bankers around the world are worried that high energy and raw materials prices might feed into overall inflation, the head of the French central bank Christian Noyer said on Monday.... PCMA resents textile package KARACHI, July 24: The Pakistan Cloth Merchants’ Association (PCMA) has criticised the government decision of not including commercial exporters of fabrics and home textiles in the relief package under which a subsidy for research and development (R&D) was allowed.... IBP course KARACHI, July 24: The Institute of Bankers Pakistan (IBP) is organising a training programme on “Cash Flow Based Lending” which will be attended by executives and officers of banks, financial services sector and corporate.... Russian banking MOSCOW, July 24: The Russian banking sector is healthier but it remains one of the most risky in the world, the international ratings agency Standard and Poor''s said on Monday.... Gold touches 3-week lows LONDON, July 24: Gold slipped to a three-week low on Monday as the dollar climbed against other currencies, but trimmed losses in early European trade on fresh buying from investors and jewellers.... Karachi Port operations KARACHI, July 24: Five ships carrying chemical, containers and to load cement are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, July 24: Brisk shipping activity was observed at the port where five ships carrying containers, edible oil, furnace oil and chemicals were berthed at QICT, MPT, FOTCO Oil Terminal and... Chinese team visits PQ KARACHI, July 24: A 10-member Chinese delegation during a visit to Port Qasim on Monday showed keen interest in the upcoming projects being under taken by the port.... ICMAP spring exams results KARACHI, July 24: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has announced the result of its spring examination....

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