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August 13, 2006 Sunday Rajab 17, 1427 Outflow of profits to hit $102m this year: Privatised units KARACHI, Aug 12: The outflow of foreign exchange in the wake of privatisation has started taking a painful twist for the country and may prove counterproductive if foreign investors buy more local units.... Liberal policies urged to encourage investment ISLAMABAD, Aug 12: The government has directed the economic ministries to formulate viable recommendations to revive private sector investment by further liberalising the ongoing policies.... Textile bodies dissociate from Motiwala body KARACHI, Aug 12: As a mark of protest leading textile bodies are dissociating themselves from the Zubair Motiwala committee. They feel the textile package favours a few textile tycoons at the cost of majority of small and medium sized manufacturers.... Textile operators reassess outcome of investment KARACHI, Aug 12: Textile operators are apparently taking a pause before moving ahead with new investment and imports to reassess the outcome of their investment made so far to meet the... GST, excise duty on POL products rise 13.9pc in FY06 ISLAMABAD, Aug 12: The collection of general sales tax (GST) and federal excise duty (FED) on POL products has increased by 13.9 per cent during the fiscal year 2006 over the previous year.... Inflation up by 7.6pc in July ISLAMABAD, Aug 12: The average inflation measured through consumer price index (CPI) rose by 7.63 per cent year-on-year (YoY) during the first month of the fiscal year 2006-07 owing to high oil prices, transportation fares and food items.... Commodity wholesale prices rise by 8.4pc ISLAMABAD, Aug 12: The wholesale price of major commodities increased by 8.43 per cent in July 2006, over the same month last year.... Project to scan export containers for US KARACHI, Aug 12: Secretary General Revenue and chairman Central Board of Revenue (CBR) Abdullah Yousuf on Saturday laid the foundation stone of the first IC3 programme under which all the containerised cargo destined for the US will be scanned.... CFS rates, financing fall on low demand KARACHI, Aug 12: The weighted CFS rates on the Karachi Stock Exchange last week suffered fresh fall at 14.3 per cent from the previous 15.7 per cent in the absence of strong demand from the leading investors.... Promotion of external trade KARACHI, Aug 12: Ports and Shipping Secretary Zia-ur-Rehman has stressed upon the need for streamlining the procedures for external trade at all ports by introducing automation and modern technology to ensure fast movement of goods.... Trade with Russia ISLAMABAD, Aug 12: A 50 per cent increase had been registered in trade between Pakistan and Russia, consular at the Pakistan Embassy in Russia Abdul Matin Khan said on Saturday.... Price war continues on cotton market KARACHI, Aug 12: Trading on the cotton market failed to pick up on Saturday as price ideas of buyers and sellers failed to find a meeting ground.... BD bank to continue tight policy DHAKA, Aug 12: Bangladesh’s central bank said it would stick to a tight monetary policy to combat rising inflation, despite fears this would choke off credit to the private sector, slowing growth.... Japanese airlines shares fall TOKYO, Aug 12: Shares of Japan''s two main airlines tumbled on Friday due to fears that an alleged bomb plot foiled in Britain will discourage air travel, which had been on the rebound, dealers said.... Body on edible oil sector shortly KARACHI, Aug 12: The Central Board of Revenue will soon constitute a committee of experts to prepare a long-term plan for country''s edible oil sector. This was stated by CBR chairman... Port Qasim KARACHI, Aug 12: Three ships to load and offload containers and cement were allotted berths at QICT and MPT during the last 24 hours, said a PQA press release on Saturday.... Wheat buying CAIRO, Aug 12: The Egyptian government’s main wheat buyer said he had bought 110,000 tons of US and Canadian wheat on Saturday for Sept 1-15 shipment.... Crude oil prices fall from record peaks LONDON, Aug 12: Crude oil prices fell off record peaks this week as traders seized on news of a failed plan to blow up US-bound passenger planes that prompted expectations of a drop in demand for jet fuel.... Dollar higher NEW YORK, Aug 12: The dollar got a lift on Friday from a sharp rebound in US retail sales which raised the possibility of US interest rates moving slightly higher.... Wall Street closes down NEW YORK, Aug 12: Wall Street''s major indexes closed down on the week on Friday, as investors braced themselves for fresh updates on inflation in the coming week....

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