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September 02, 2006 Saturday Sha'aban 8, 1427 Strike hits exports, industrial output KARACHI, Sept 1: Industrial activities remained completely suspended on Friday due to dearth of workers, who could not reach their respective units in the absence of public and private transport.... Strategy to boost exports on anvil KARACHI, Sept 1: Minister of State and Chairman Export Promotion Bureau (EPB) Tariq Ikram has supported the textile and garment industry demand for ensuring a level-playing field against their competitors in the world market.... Prices of computer accessories may go up ISLAMABAD, Sept 1: With the imposition of 15pc general sales tax (GST), the price of computer equipment and hardware would increase by more than 20 per cent due to multiplicity of levy at different stages.... Banks’ investment in T-bills up by 11pc KARACHI, Sept 1: Banks have started moving towards risk-free easy money by investing in Treasury Bills, which rose by five per cent in July and 11 per cent in the fiscal 2006.... Non-textile products export declines ISLAMABAD, Sept 1: The export of non-textile products declined by 7.8 per cent to $783.053 million during July 2006 as against $849.345 million the same month last year.... Manufacturing sector expands in US WASHINGTON, Sept 1: The US manufacturing sector expanded in August at a slower clip than in July amid rising commodity prices, a trade group said on Friday.... Dollar eases LONDON, Sept 1: The dollar lost steam against the euro in late trading here on Friday on fresh concerns over the US housing market and after posting gains following a positive US job creation report.... MoU signed to build new jetty at Port Qasim KARACHI, Sept 1: Indus Refinery Limited (IRL) on Friday signed a memorandum of understanding (MoU) with Fauji Oil Terminal Company (Fotco) for the development and construction of an additional oil jetty at Port Qasim.... US blocks Brazil’s move on cotton aids GENEVA, Sept 1: The United States on Friday blocked a request by Brazil for the World Trade Organisation to investigate US compliance with a ruling that condemned illegal subsidies to American cotton growers.Brazil... Stock market maintains bullish trend KARACHI, Sept 1: The new KSE 30-share free float index on Friday made a firm debut, taking all the other two indices along with it to new highs in a market... Oil prices fall LONDON, Sept 1: World oil prices fell below $70 on Friday with markets predicting there would be no rush to impose economic sanctions on major producer Iran, analysts said.... Offer rejected IRVINE, Sept 1: Gateway Inc., the third-largest PC-maker in the United States, said on Friday it will reject the unsolicited $450 million offer for its retail business from eMachines Inc.... Cotton trading gets slow on high prices KARACHI, Sept 1: Trading on the cotton market on Friday remained dull as spinners and mills did not make fresh commitments at the higher asking prices.... Karachi Port operations KARACHI, Sept 1: Three ships carrying ethanol, crude oil and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources.... IMF favours more say of developing countries TOKYO, Sept 1: IMF directors have agreed to overhaul the institution to give more influence to developing countries including China, reflecting the shifting balance of power in the global economy.... Growers assured of govt support HYDERABAD, Sept 1: The federal sugarcane and rice commissioner Inayatullah Khan has assured the growers of sugarcane and rice crops that the government would solve their genuine problems and both the crops would be made more profitable for them.... Ford US sales drop DETROIT, Sept 1: Ford Motor Co. announced on Friday that its total US vehicle sales slumped 12 per cent in August compared with a year ago to 255,112 units as consumers were buffeted by high fuel costs.... Asian stocks mostly higher HONG KONG, Sept 1: Asian stocks closed mostly higher on Friday but gains were capped by limited profit taking ahead of the release of key US employment data due out later in the day.... Gold softens in London LONDON, Sept 1: Silver attracted selling in Europe on Friday that knocked the metal away from a three-month high, while gold drifted lower awaiting US data later in the day.... Palm oil prices KUALA LUMPUR, Sept 1: Malaysian crude palm oil futures closed higher on Friday, boosted by strong export data from cargo surveyors and higher soyaoil prices....

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