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August 25, 2006 Friday Rajab 29, 1427 IMF seeks second generation reforms: To ensure transparency ISLAMABAD, Aug 24: The International Monetary Fund (IMF) review mission, now in Pakistan wants the government to undertake "the very difficult" second generation reforms in order to adequately address governance and transparency related issues.... Aptma team to apprise president of problems: Meeting tomorrow KARACHI, Aug 24: About a dozen top leaders of the All Pakistan Textile Mills Association (Aptma) will meet President Pervez Musharraf on Saturday to apprise him of their financial woes and... Wind power plants to cost double than hydel ISLAMABAD, Aug 24: The wind power projects to be set up in the Gharo and Keti Bandar corridor near Karachi would cost 9.5 US cents per unit levelised tariff to the consumers, compared with 4.7... Dairy farmers mull new hike in milk price KARACHI, Aug 24: Dairy farmers are now again flexing their muscles for a further increase in the prices of fresh milk ahead of Ramazan despite the fact that they had raised the prices in March by Rs2 per litre.... KSE 100-share index breaches 10,000-point barrier KARACHI, Aug 24: The KSE 100-share index on Thursday broke the psychological barrier of 10,000 at 9,955.23, off 289.46 on panic selling in the pivotals followed by below market expectations dividend... MCB Bank profit up 89pc in six months KARACHI, Aug 24: Some of the major corporate results announced on Thursday included those of MCB Bank, Bank of Punjab (BoP) and ICI Pakistan. MCB announced profit after tax (PAT) at Rs5.74... Hungarian firm to drill more oil, gas wells ISLAMABAD, Aug 24: The Hungarian oil and gas company, MOL, has decided to expand its operations in Pakistan by drilling more exploratory wells during 2006. In addition, MOL is also working... Bahrain to invest in various sectors ISLAMABAD, Aug 24: Bahrain has shown its keen interest to make investment in power, housing and construction sectors of Pakistan. A three-member delegation of Strategic Acquisition and Investment and Kingdom Group... Soneri Bank to issue bonus, right shares KARACHI, Aug 24: Soneri Bank Limited has approved issuance of interim bonus shares and right shares to meet the requirement of minimum paid-up capital. The board of directors of the bank... Adamjee bonus shares KARACHI, Aug 24: Adamjee Insurance Company Limited would offer 12.5 bonus shares for every 100 shares held and not 8 shares as was announced in the earlier day’s dispatch to the... Boosting exports ISLAMABAD, Aug 24: The commerce ministry is planning to arrange meetings with representatives of various associations to find out ways for increasing the exports. An official told Dawn on Thursday that... Asean, India to resume free trade talks KUALA LUMPUR, Aug 24: Southeast Asian nations and India said on Thursday they had agreed to resume stalled free trade talks, although Malaysia indicated that several prickly issues remain in dispute.... Cotton market rules firm KARACHI, Aug 24: Cotton market on Thursday showed firm trend as spinners and mills resumed normal covering operations followed by reports of damage to crop in the Sindh cotton belt.... China needs more rate hikes to cool economy WASHINGTON, Aug 24: The IMF warned on Thursday that China’s economy still faces a major risk of overheating despite the booming country’s second interest rate hike in less than four months.... Kenya tea output up 15pc NAIROBI, Aug 24: Kenya’s tea production rose by 15 per cent in July to 23 million kg compared with 20 million kg in the same period last year due to favourable weather, the Tea Board of Kenya (TBK) said on Thursday.... Grain supply deficit to widen LONDON, Aug 24: Worldwide grain demand will outstrip supply during 2006-07, creating a production deficit of about 51 million tons, the International Grains Council forecast on Thursday.... Karachi Port operations KARACHI, Aug 24: Three ships carrying wheat, containers and general cargo are expected to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was brisk where eight ships were berthed.... Port Qasim Karachi, Aug 24: The port witnessed normal shipping activity where two ships carrying containers were accommodated on berths at QICT during the last 24 hours, says a PQA press release.... Asian stocks mostly lower HONG KONG, Aug 24: Asian stocks closed mostly lower on Thursday after weak US housing data indicated the world''s largest economy could face a much harsher slow down than initially expected.... Gold trapped in range LONDON, Aug 24: Gold was trapped in a range on Thursday after volatile trading in New York, and traders said the metal was expected to get support from a weak dollar.... Dollar gains against euro LONDON, Aug 24: The dollar edged higher against the euro here on Thursday after a report on sales of new homes in the United States, while showing a significant drop, were... Palm oil prices KUALA LUMPUR, Aug 24: Malaysian crude palm oil futures closed marginally lower in thin trade on Thursday, due to a decline in crude oil prices. There is not much buying interest,... Karachi market rates KARACHI, Aug 24: The following were Thursday’s commodity market rates in rupees.... Company news SAN FRANCISCO, Aug 24: Apple Computer is voluntarily recalling more than one million laptop computer batteries due to the risk they could burst into flames, the US Consumer Product Safety Commission said on Thursday....

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