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August 10, 2006 Thursday Rajab 14, 1427 Insurance firms left with limited options: Enhanced paid-up capital requirement KARACHI, Aug 9: The most powerful tool in shedding off excess fat in insurance sector just as in banking appears to be to gradually increase the paid-up capital requirement.... Chinese firm investing $300m in Total Telecom ISLAMABAD, Aug 9: A Chinese telecommunication player is investing about $300 million in Total Telecom, a local company to re-launch Instaphone with CDMA technology, Dawn has learnt reliably.... Asia telecom sector has highest growth rate KARACHI, Aug 9: The telecom sector in Asian has seen the highest growth rate in which China and India lead in terms of numbers but Pakistan excels in terms of growth... Pakistan, China to hold FTA talks next month BEIJING, Aug 9: Pakistan and China are scheduled to hold the fourth round of negotiation on free trade agreement (FTA) in Beijing next month.... Textile leaders meeting called on 12th KARACHI, Aug 9: Adviser to the prime minister on finance Dr Salman Shah has convened a meeting of disgruntled textile businessmen on Saturday.... Probe into dumping of PSF initiated ISLAMABAD, Aug 9: The National Tariff Commission (NTC) on Wednesday initiated an anti-dumping investigation against alleged dumping of polyester staple fibre (PSF) into Pakistan by exporters from Indonesia, Korea and Thailand.... No-trust move triggers panic-selling on stock market KARACHI, Aug 9: Stocks on Wednesday fell across-the-board on panic-selling triggered by reports that the opposition will table a no-confidence motion against Prime Minister Shaukat Aziz on Aug 23.... Trading picking up on cotton market KARACHI, Aug 9: Modest physical activity was witnessed on the cotton market on Wednesday as some of the ginners offered to sell stray lots of new crop at the higher levels.... Power will be restored by 12th: KESC CEO KARACHI, Aug 9: The Karachi Electric Supply Corporation (KESC) has assured businessmen that all faults causing power failure in industrial and commercial areas of Karachi will be removed by Saturday, Aug... UAE’s Tejari, Hashoo group join hands ISLAMABAD, Aug 9: Tejari, the UAE based premier business-to-business online marketplace, on Wednesday signed an agreement announcing its strategic partnership with the Hashoo Group for online procurement services in the two countries.... LPG prices raised by Rs50/cylinder LAHORE, Aug 9: The LPG marketing companies have raised their prices by Rs50 per 11.8kg domestic cylinder, sources said on Wednesday.... Royalty income from mining in Sindh rises KARACHI, Aug 9: Royalty income from mining in Sindh increased to Rs310 million in 2005-06 from Rs200 million in 2003-04. During 2004-05, the royalty income from mining of 24 minerals in the province stood at Rs300 million.... Asian poverty threatening environment MANILA, Aug 9: Extreme poverty in Asia will pose a serious threat to the environment over the next decade, the Asian Development Bank and the World Conservation Union warned on Wednesday.... Rating KARACHI, Aug 9: JCR-VIS has upgraded the rating of The Universal Insurance Company Limited to ‘A-‘(Single A Minus) with a stable outlook. The rating agency has incorporated the commitment of the... Palm oil up KUALA LUMPUR, Aug 9: Malaysian crude palm oil futures closed higher for the third straight day on Wednesday, fuelled by robust exports and firm crude oil prices.... European stock markets slip LONDON, Aug 9: European stock markets fell on Wednesday, mirroring losses overnight by Wall Street on signals that the US Federal Reserve may soon increase interest rates again.European... BoE forecasts rising inflation LONDON, Aug 9: The Bank of England said on Wednesday that inflation would move further above target than previously forecast.... Tea auction NAIROBI, Aug 9: Kenyan tea prices were mixed, with some grades easing due to slower activity by some buyers, traders said on Wednesday.... Karachi Port operations KARACHI, Aug 9: Six vessels carrying DAP fertiliser and containers are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, Aug 9: Two ships to load and offload containers were allotted berths at QICT during the last 24 hours, said a PQA press release on Wednesday....

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