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August 30, 2006 Wednesday Sha'aban 5, 1427 Banking spread widens in July KARACHI, Aug 29: Despite assurances by the banks depositors still get much low return on their deposits making negative earnings on savings in the wake of prevailing high inflation.... Conditions for specific exemption notified: Assets transfer ISLAMABAD, Aug 29: The Central Board of Revenue has notified conditions for specific exemption in case of transfer of assets on amalgamation of companies or their business or acquisition of shares.... Split on subsidy issue puts textile exports at stake KARACHI, Aug 29: Textile tycoons are showing signs of nervousness after having been unable to compete well internationally over the last 15 months following expiry of textile quota regime.... Fertiliser company expanding capacity KARACHI, Aug 29: Fauji Fertiliser Bin Qasim Limited (FFBL) is currently carrying out Balancing, Modernisation, Revamping and Expansion (BMRE) of its ammonia plant which would increase capacity to 123 per cent, a company official said on Tuesday.He... Libya keen to buy 50,000 tons of Irri-6 KARACHI, Aug 29: Libya has shown keen interest in purchase of around 50,000 tons of Irri-6 from Pakistan. In this regard a delegation from Tripoli is expected soon to inspect rice processing and quarantine facilities, official sources disclosed on Tuesday.... US urges China to open up markets BEIJING, Aug 29: The top US trade envoy said on Tuesday China should play a greater role in helping to revive stalled global trade talks and do better at opening up its own markets.... E-10 gasoline pilot project launched KARACHI, Aug 29: Pakistan State Oil has launched E-10 gasoline pilot project at a retail outlet in Karachi. It is based on a detailed feasibility study conducted by the Hydrocarbon Development Institute of Pakistan (HDIP).... Oil prices fall below $70 LONDON, Aug 29: World oil prices tumbled below $70 on Tuesday on forecasts that tropical storm Ernesto, which had threatened US Gulf Coast oil facilities, would remain below hurricane force, traders said.... 37 million Americans living below poverty line WASHINGTON, Aug 29: The number of Americans living below the poverty line stabilised last year at 37 million after going up for the four years previously, the US Census Bureau said on Tuesday.... Prices further rise on cotton market KARACHI, Aug 29: Cotton prices on Tuesday rose further higher as spinners and mills made near-panic buying followed by reports of damage to standing crop. For the second session in a... Stocks gain 66 points on mixed trading KARACHI, Aug 29: Stocks on Tuesday showed mixed trend as follow-up support turned shy owing to negative fallout of some disturbing events, paving the way for bargain-hunters to cash in on the available profit margins.... Karachi Port operations KARACHI, Aug 29: Eight ships carrying palm oil, containers and steel bars are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Imports under ATT fall by 14.93pc ISLAMABAD, Aug 29: Goods transported to Afghanistan via NWFP and Balochistan under the Afghan Transit Trade (ATT) recorded a decrease of 14.93 per cent in the fiscal year 2005-06, over the... Port Qasim KARACHI, Aug 29: Four ships to load and offload containers, chemicals and diesel oil were berthed at QICT, EVT and Fotco Terminal during the last 24 hours, said a PQA press release on Tuesday.... Reduction in drawback rates slated KARACHI, Aug 29: The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has expressed concern over the reduction in duty drawback rates on export of readymade garments.... Boeing repair centre MUMBAI, Aug 29: US aerospace giant Boeing finalised an agreement on Tuesday to build $100 million maintenance and repair centre in western India, Boeing officials said.... Poultry rates KARACHI, Aug 29: Following are Wednesday’s poultry rates.... Crude oil freight rates drop 2LONDON, Aug 29: Crude oil freight rates across major export routes fell across the board on Tuesday after slow trade, shipping brokers said. Brokers partly blamed the lack of activity on... Asian stocks close higher HONG KONG, Aug 29: Asian stocks closed higher on Tuesday amid solid gains on Wall Street and a fall in oil prices after Hurricane Ernesto, roiling across the Caribbean, was downgraded to a tropical storm.... New York gold tumbles NEW YORK, Aug 29: US gold futures sank 1.1 per cent to close at a 10-day low on Monday, as storm fears faded and prompted widespread selling in crude oil and the precious metals, dealers said.... Palm oil lower KUALA LUMPUR, Aug 29: Malaysian crude palm oil futures closed more than one per cent lower on Tuesday, hit by lower prices of rival soyoil and as selling pressure continued.... London FTSE climbs LONDON, Aug 29: London''s FTSE 100 index of leading shares higher on Tuesday as traders returned to work after a long holiday weekend in Britain,...

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