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August 23, 2006 Wednesday Rajab 27, 1427 Exporters set $6.5bn target for 2006-07: Fabrics, garments KARACHI, Aug 22: After having failed to achieve $5.7 billion export target of fabrics and readymade garments in 2005-06, the exporters are gearing up to fetch anywhere from $6 to $6.5... IMF mission reviews economic performance ISLAMABAD, Aug 22: The visiting 6-member IMF review mission headed by Mr Miguel Savastano held meetings with a number of senior government officials here on Tuesday and discussed with them the country''s "whole economic performance."... India court allows export of pulses to Pakistan KARACHI, Aug 22: The High Court of Delhi while setting aside the notification of the Indian government has allowed the export of contracted quantities of chickpeas (black gram) to Pakistan.... SBP tight policy to discourage investment ISLAMABAD, Aug 22: The raising of discount rate from 9pc to 9.5pc last month by the central bank can have serious implications for domestic investment, industrial expansion and overall GDP growth rate, officials told Dawn.... Stocks lose 261 points on panic-selling KARACHI, Aug 22: The KSE 100-share index on Tuesday plunged by 260.93 points or 2.49 per cent at 10,220.71 on panic-selling ahead of no-trust move against Prime Minister Shaukat Aziz and... $40 billion export in five years achievable KARACHI, Aug 22: Export Promotion Bureau Chairman Tariq Ikram has said the export target of $40 billion within next five years is easily achievable if an export strategy is prepared targeting... 200 US firms plan business tour to India WASHINGTON, Aug 22: As many as 200 American companies are expected to participate in the largest ever US trade delegation to India later this year. The delegation being set up by... New Kabul tariff may hit exports from Pakistan PESHAWAR, Aug 22: The cost of doing business with Afghanistan is likely to register considerable increase following the Afghan government’s impending move to revise upward import tariffs, business circles said on Tuesday.... Cement plant handing over ISLAMABAD, Aug 22: After the highest offer of Rs80 per share from Haji Ghani Usman and Group for 96.34 per cent shares of Javedan Cement Limited (JCL) in Sept last year,... Oil prices steady LONDON, Aug 22: Crude oil futures were little changed on Tuesday as traders weighed up Iran’s response to a deal aimed at ending its nuclear standoff with the international community.... US to conclude trade pact with Asean WASHINGTON, Aug 22: The US is set to conclude an agreement with Southeast Asia this week that is expected to boost free trade and help Americans benefit from a larger East Asian tariff-busting programme.... Prices move up on cotton market KARACHI, Aug 22: Cotton market on Tuesday showed firm trend as ginners raised their asking prices followed by reports of damage to standing crop in the lower and central Sindh cotton belts owing to rain.... European economic growth seen slowing PARIS, Aug 22: European economic momentum is expected to slow next year in response to higher interest rates, weakening consumer demand and sluggish exports to the US, the ratings agency Standard and Poor’s predicted in a report on Tuesday.... Euro falls against dollar LONDON, Aug 22: The euro fell against the dollar on Tuesday after a key confidence index in Germany, Europe’s biggest economy, slumped to its lowest level in more than five years, analysts said.... IMF chief economist to quit WASHINGTON, Aug 22: IMF chief economist Raghuram Rajan said on Tuesday he was stepping down early next year to return to his professorship at the University of Chicago.... Cambodia, Vietnam to boost trade PHNOM PENH, Aug 22: Cambodia and Vietnam agreed on Tuesday to increase trade and work together to explore the potentially rich oil and gas reserves in their long-disputed maritime waters, an official said.... Karachi Port operations KARACHI, Aug 22: Ten ships carrying containers, DAP fertiliser and to load fish are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, Aug 22: Four ships carrying containers, chemicals and furnace oil were accommodated berths at QICT, EVT and Fotco Terminal during last 24 hours, said a PQA press release on Tuesday.... Suez Canal’s record income CAIRO, Aug 22: The Suez Canal, Egypt''s third largest source of income, has set a new daily record of $14.3 million, authorities said on Tuesday. The record was set on Monday, when 60 ships carrying 2.9... Asian stocks mostly higher HONG KONG, Aug 22: Asian stocks ignored a weak performance by Wall Street overnight and closed mostly higher on Tuesday with bargain hunting and domestic issues supporting investor sentiment.... European stock markets up LONDON, Aug 22: European stock markets advanced on Tuesday after Tokyo shares hit a three-month peak and despite a weak overnight showing on Wall Street, dealers said.... Gold steady LONDON, Aug 22:Gold steadied on Tuesday after gaining overnight, while palladium hit its highest in more than two months on good demand from jewellery makers, dealers said.... Palm oil lower BANGKOK, Aug 22: Malaysian crude palm oil futures ended lower on Tuesday, hit by profit taking after strong gains a day earlier, dealers said. The benchmark third-month November contract on the... Karachi market rates KARACHI, Aug 22: The following were Tuesday’s commodity market rates in rupees....

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