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September 06, 2006 Wednesday Sha'aban 12, 1427 LSM sector growth down 46pc in FY2006 KARACHI, Sept 5: The large-scale manufacturing (LSM) sector growth fell by 46 per cent during the last fiscal year ended June 30, 2006, final figures released here on Tuesday showed.... City govt to fix rates for Ramazan by Sept 10: Pulses prices touch new peak KARACHI, Sept 5: Consumers are unlikely to experience any relief from rising prices of pulses as the price of gram pulse is already touching new peak as Ramazan draws nearer.... Standard Chartered acquires Union Bank KARACHI, Sept 5: Standard Chartered PLC announced on Tuesday that its subsidiary company, Standard Chartered Bank (Pakistan) Limited, has completed the acquisition of 95.37 per cent interest in Union Bank Ltd.... Container vessel gets registered KARACHI, Sept 5: Another container vessel has been registered under Pakistan flag. It will ply between Port Qasim and Indian ports.... NA body seeks probe report before Oct 7: Stock market crash ISLAMABAD, Sept 5: The National Assembly standing committee on finance and revenue here on Tuesday directed the finance ministry and the Securities and Exchange Commission of Pakistan to submit to it... Oil prices mixed LONDON, Sept 5: World oil prices had mixed fortunes on Tuesday when trading was resumed in New York crude.... Employment ratio in farm sector falls ISLAMABAD, Sept 5: The employment ratio in the agriculture sector has declined to 44.1 per cent of the total employed labour force during the fiscal year 2006 as against 48.4... NBP offers 5 packages for Rozgar Scheme KARACHI, Sept 5: National Bank of Pakistan has offered five different packages to the unemployed youth under the President’s Rozgar Scheme officially launched on Tuesday.... Bangladesh port boycott ends DHAKA, Sept 5: Bangladesh''s main port resumed work late on Tuesday after shipping companies lifted a boycott called after a court ruled their surcharge on containers was illegal, the shipping minister said.... Saarc board to harmonise standards KARACHI, Sept 5: The Saarc Regional Coordination Board has been established to devise plan to harmonise standards and conformity assessment procedures in the region in food and agricultural products, electronics, telecom and IT, jute, textile, leather and building materials.... Bearish spell continues on stock market KARACHI, Sept 5: Stocks on Tuesday lacked normal trading interest as investors played safe apparently awaiting the return of sanity to trading terribly disturbed by some of the negative external factors on the political front.... Oil discovery NEW YORK, Sept 5: Three energy companies, US-based Chevron Corp. and Devon Energy, and Norway’s Statoil, announced on Tuesday a promising oil find in the Gulf of Mexico which they called a “significant discovery”.... 10 model quarries to be set up PESHAWAR, Sep 5: The newly set up Pakistan Stone Development Company (PSDC) will shortly invite applications from the private firms interested to convert their marble mines into model quarries, sources said on Tuesday.... Buyers remain busy on cotton market KARACHI, Sept 5: Active trading was witnessed on the cotton market on Tuesday as spinners continued to make panic buying amid rumours of an imminent fresh price flare-up.... Karachi Port operations KARACHI, Sept 5: Six vessels carrying pulses, logs and containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Opec oil revenues to touch $521.9 billion RIYADH, Sept 5: With oil prices running high, oil revenues of the Opec members are expected to hit record levels in 2006, reaching as high as $521.9... Russia may quit WTO joining talks MOSCOW, Sept 5: Russia, the only major world economy not in the World Trade Organisation, said on Tuesday its negotiations with the United States on joining the body were deadlocked and threatened to pull out of the talks.... Port Qasim KARACHI, Sept 5: Normal shipping activity was witnessed at the port where MT Suzanne carrying chemicals was accommodated on Engro Vopak terminal during the last 24 hours.... Iran needs $3.5bn to import petrol TEHRAN, Sept 5: Iran''s government has requested an extra $3.5 billion from parliament for petrol imports to meet a shortfall caused by lavish daily consumption, the official IRNA news agency reported on Tuesday.... China urges West to cut farm subsidies BEIJING, Sept 5: Chinese Premier Wen Jiabao urged developed nations on Tuesday to cut agricultural subsidies and tariffs as a way to reinvigorate stalled global trade talks.... Gold prices higher LONDON, Sept 5: Silver, platinum and palladium prices climbed to three-month peaks and gold rose to a two-week high on Tuesday, with further gains possible when US investors returned to the market after Labour Day.... Asian stocks closed mixed HONG KONG, Sept 5:,Asian stocks closed mixed on Tuesday with profit takers moving in and cashing-up on recent sharp gains sparked by lower oil prices and a better outlook for the US economy.... ‘WTO talks stalled until US elections’ STRASBOURG, Sept 5: Collapsed WTO free-trade talks are unlikely to be revived before mid-term US Congressional elections in November, EU Trade Commissioner Peter Mandelson said on Tuesday.... Palm oil lower KUALA LUMPUR, Sept 5: Malaysian crude palm oil futures closed lower in thin trade on Tuesday, hit by a decline in the prices of crude oil and lack of fresh fundamentals....

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