DAWN - Business; September 09, 2006

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September 09, 2006	Saturday	Sha'aban 15, 1427

Ord likely for Competition Commission this month ISLAMABAD, Sept 8: President Pervez Musharraf is expected to promulgate an ordinance this month to convert the Monopoly Control Authority (MCA) into Competition Commission with "increased powers" for which Rs400 million has initially been earmarked....		Linde AG acquires BOC Group KARACHI, Sept 8: The BOC Group plc, UK, which holds the majority equity in BOC Pakistan Limited — a Karachi stock market listed company — has been acquired by Linde AG, Woeshbaden....
Overseas business support units planned KARACHI, Sept 8: Overseas business support units will be set up under the umbrella of the Trade Development Authority of Pakistan (TDAP) in a bid to strengthen overseas markets for the promotion of country’s exports....		Pakistan needs ADB assistance, says PM ISLAMABAD, Sept 8: Prime Minister Shaukat Aziz said on Friday that Pakistan was looking for Asian Development Bank assistance in sectors like energy, north-south corridor, social sectors, capital markets, pension systems...

SPI shows negligible decline ISLAMABAD, Sept 8: The Sensitive Price Index (SPI) showed a meagre fall of 0.01 per cent for the lowest income group of Rs3,000 for the week ended September 7 over the previous week....		Stocks net in modest gains amid low trading volume KARACHI, Sept 8: Trading volume on Friday fell below the 100m shares mark at 98.67m shares as leading investors remained conspicuous by their absence apparently awaiting the outcome of the rumoured...

CDC to hold roadshows in UAE KARACHI, Sept 8: Central Depository Company of Pakistan Limited (CDC) has announced that it will conduct roadshows in Dubai and Abu Dhabi on September 18 and 20 to promote investment in Pakistan’s capital markets....		French group to build network of hotels ISLAMABAD, Sep 8: A French group will build a network of hotels in all major cities of Pakistan, taking a start from a five-star hotel in Karachi....

Petroleum products’ sales up 38pc KARACHI, Sept 8: Sales of overall petroleum products surged by 38 per cent to 1.534 million tons in July this year as compared to 1.11 million tons in the same month a year ago....		38,100 tons duty-free cement imported ISLAMABAD, Sept 8: Pakistan imported 38,100 tons of duty-free cement during the first two months (July-Aug) of current fiscal year to stabilise domestic prices of the commodity....

Microfinance sector grew 10-times in six years ISLAMABAD, Sept 8: The microfinance sector in Pakistan grew ten-fold to 600,000 clients over the last six years, but further growth will be impeded if lending rates continue to remain low,...		Prices further ease on cotton market KARACHI, Sept 8: Cotton prices on Friday were marked down by Rs25 to Rs50 per maund as leading ginners were not inclined to hold on to their unsold stocks to sell...

Indian inflation crosses 5pc level NEW DELHI, Sept 8: India''s inflation crossed five per cent for the first time in eight weeks, official data on Friday showed, but the government said there was no cause for worry....		UK-based consultant to advise on Iranian gas rate NEW DELHI, Sept 8: UK-based consultancy Gaffney, Cline & Associates has been appointed to advise on the price of Iranian natural gas to be supplied to India and Pakistan through a proposed pipeline, an Indian official told Reuters on Friday....

Karachi Port operations KARACHI, Sept 8: Six ships carrying palm oil, containers and to load naphtha are due to arrive at the outer anchorage on Saturday, according to KPT sources....		Port Qasim KARACHI, Sept 8: Four ships carrying containers, edible oil and chemicals were berthed at QICT and MPT during the last 24 hours, said a PQA press release....

Asian stocks higher HONG KONG, Sept 8: Asian stocks chalked up thin gains in a cautious technical bounce Friday as concerns over the US interest rate outlook meant another weak performance on Wall Street provided no support, dealers said....		Malaysian palm oil ends down KUALA LUMPUR, Sept 8: Malaysian crude palm oil futures closed at 1-1/2-month low on Friday, dragged down by market talk that cargo surveyors are likely to unveil lower export numbers for the first 10 days of September....

Global economy on G7 agenda TOKYO, Sept 8: The global economic outlook, high oil prices, IMF reform and possibly exchange rates will be on the agenda for the upcoming G7 meeting of finance ministers in Singapore, Japan said on Friday....		Gold prices lower LONDON, Sept 8: Gold extended losses to touch one-week lows on Friday after slipping more than two per cent a day earlier on a stronger dollar, and dealers said the metal might decline further on technical selling.Last...