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July 26, 2006 Wednesday Jumadi-ul-Sani 29, 1427 Auto policy to attract European car makers ISLAMABAD, July 25: The government expects major investments from European car manufacturers including Renault, Volkswagon and London’s Black-Cab in response to its new auto policy that will break the "monopolistic culture" being followed by the Japanese auto firms.... Industry needs to enhance productivity LAHORE, July 25: The industry needs to enhance its productivity to become competitive in the world markets, says Export Promotion Bureau Chairman Tariq Ikram.... Exporters to move court against favouritism: Textile package KARACHI, July 25: Some textile exporters’ bodies are planning to move the court of law against the recently announced ‘Textile Package’ which they feel is discriminatory as it protects and promotes... No threat from Nokia India cellphones KARACHI, July 25: The authorised mobile phone distributors are not at all alarmed over reports that Nokia India has started exporting mobile handsets from its plant at Sriperumbudur, 50 km west of Chennai, to various countries.... Lamy for resuming talks with new tactics PARIS, July 25: World Trade Organisation director-general Pascal Lamy refused to talk on Tuesday of failure to reach a global deal, urging WTO countries to resume negotiations with new tactics.... Banks can hold board meetings abroad KARACHI, July 25: The State Bank has allowed banks having foreign participation to hold their board meetings abroad.... KSE index posts fresh rise of 50.50 points KARACHI, July 25: Trading activity on the stock market on Tuesday was moderately active, as investors played on both sides of the fence apparently having some reservations about the rollover of forward positions in July contracts.... Cotton market lacks lustre KARACHI, July 25: Physical activity on the cotton market on Tuesday remained at low ebb, as spinners and mills were again conspicuous by the absence ahead of the TCP tender.... Govt to focus on cash crops to raise rural income ISLAMABAD, July 25: Minister for Food, Agriculture and Livestock Sikandar Hayat Bosan said on Tuesday the government was focussing on cash crops and high-value agricultural products to promote income generation in rural areas.... Lucky completes expansion plan KARACHI, July 25: Lucky Cement on Tuesday ‘fired the kiln’ of last of its four lines of expansion, bringing to a conclusion its current phase of expansion programme.... Oil prices slide below $74 LONDON, July 25: Oil prices dropped below $74 per barrel on Tuesday as traders banked profits amid hopes of a ceasefire between Israel and Hezbollah militants despite continued Middle East violence, analysts said.... PPFL declares 25pc cash dividend KARACHI, July 25: Pakistan Premier Fund Limited (PPFL) managed by Arif Habib Investments, declared final cash dividend at Rs2.50 per share i.e. 25pc for the year ended June 30, 2006.... Trade pact WASHINGTON, July 25: Taiwan on Tuesday urged the US to move quickly to forge a FTA with America''s eighth biggest trading partner, despite bitter objections from China.Vice... BD tea prices CHITTAGONG, July 25: The average price of Bangladesh teas rose up slightly to 98.35 taka ($1.41) per kg following competition among buyers at a weekly auction on Tuesday, brokers said.... Karachi Port operations KARACHI, July 25: Eight ships carrying yellow peas, tallow and containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, July 25: Shipping activity remained brisk at the port where four ships scheduled to load and offload containers, canola seeds and chemicals took berths at QICT, MPT and EVT during... Agreement KARACHI, July 25: Volkswagen and Master Motor Cars have signed a distributorship agreement for import and marketing of Volkswagen products in Pakistan.... Pressure on Lebanese currency eases BEIRUT, July 25: Pressure on the Lebanese pound and a chronic shortage of dollar notes are easing, the central bank governor said on Tuesday, reassuring markets that the economy was withstanding Israel’s devastating military offensive.... Ratings KARACHI, July 25: JCR-VIS Credit Rating Company Limited has reaffirmed medium to long-term entity rating of AAA (Triple A) and short-term rating of A-1+ (A One Plus) of Security Papers Ltd.... Growth rate SANTIAGO, July 25: The economies of countries in Latin America and the Caribbean... Company news KARACHI, July 25: English Biscuit Manufacturers (EBM) on Tuesday received the Environment excellence award, 2006 for the 3rd consecutive year. The award was presented by the National Forum of Environment and... Asian stocks higher HONG KONG, July 25: Asian markets closed higher on Tuesday, supported by solid gains on Wall Street and as some of the concerns over the Middle East crisis began to ease... Palm oil up KUALA LUMPUR, July 25: Malaysian crude palm oil futures closed higher on Tuesday, fuelled by improved export performance and higher prices of rival soyaoil.... Karachi market rates KARACHI, July 25: The following were Tuesday’s commodity market rates in rupees....

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