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September 12, 2006 Tuesday Sha'aban 18, 1427 Govt plan to renegotiate agreements: Automobile export ISLAMABAD, Sept 11: The government is considering a proposal to ‘renegotiate’ existing agreements with foreign partners to permit export of cars and tractors from Pakistan.... 26,690 cars sold in two months KARACHI, Sept 11: Except for a decline in motorcycle sales by 23 per cent, the entire auto sector gave a robust performance during July-August 2006, as sales of cars, tractors, trucks,... Six operators interested in KPT terminal KARACHI, Sept 11: Five leading international and one Pakistani terminal operator companies have shown keen interest in Pakistan Deep Water Container Port being constructed by the Karachi Port Trust (KPT) at Keamari Groyne area.... PPIB okays measures to help investors ISLAMABAD, Sept 11: The Private Power and Infrastructure Board (PPIB) on Monday approved amendments in the standard formats of the Letter of Support and Performance Guarantee in lines with the policy guidelines to facilitate investors.... Italy for dumping duty on Asian shoe imports HELSINKI, Sept 11: Italy has raised the stakes in its campaign to hit Asian shoe imports with anti-dumping duties, with Prime Minister Romano Prodi personally lobbying other EU leaders to support the measures in a vote this week.... KSE index off 72.44 points amid shrinking volume KARACHI, Sept 11: Trading volume on the stock market on Monday shrank further to 60 million shares, as leading investors remained conspicuous by their absence owing to heating up of the political scenario and liquidity crunch.... Financing for export of gemstones allowed KARACHI, Sept 11: The State Bank has decided to extend the export finance facility for gemstones and precious and semi-precious stones. The central bank issued a circular on Monday saying that... UBL secondary offering after Eid KARACHI, Sept 11: United Bank Limited (UBL) second tranche of shares would be offered to the general public after Eid. Minister for Privatisation and Investment Zahid Hamid told Dawn on Monday... Dollar slides LONDON, Sept 11: The dollar was weaker against the euro in late-day trade here on Monday, but analysts said the US currency was nonetheless finding some support from declining oil prices and prospects for another US interest rate hike this year.... Canadians keen to invest in banking ISLAMABAD, Sep 11: Pakistan is an attractive country for foreign investors due to better policies of the present government. It is also facilitating investors in terms of income tax and other... Indian trade fair KARACHI, Sept 11: The FPCCI will organise participation in the India International Trade Fair (IITF) to be held from November 14 to 27 at Pragati Medan, New Delhi, which is the most popular annual trade event in the country.... Opec keeps output steady to stabilise prices VIENNA, Sept 11: Opec ministers decided after a meeting on Monday to maintain their policy of stabilising the market with an output ceiling of 28 million barrels per day but said they were ready to respond to sharp price changes.... China urged to check runaway growth WASHINGTON, Sept 11: China’s economic growth could easily top 10 per cent this year if Beijing fails to rein in the expansion, the IMF said on Monday while warning of a possible “boom-bust cycle.”... Ginners again raise asking prices KARACHI, Sept 11: Trading on the cotton market on Monday resumed on a firm note as ginners again raised their asking prices followed by reports of sharp fall in arrival of... Karachi Port operations KARACHI, Sept 11: Berthing activity at the wharves on Monday was maintained on the higher side, as port agencies made arrangements to clear the inward rush of container vessels and oil tankers, according to KPT sources.... Poultry rates KARACHI, Sept 11: The following are Tuesday’s poultry market rates:... Asian stocks lower HONG KONG, Sept 11: Asian stocks closed sharply lower Monday, led down by heavy losses in Tokyo after much weaker-than-expected corporate spending figures dented confidence in the outlook for the world’s second largest economy, dealers said.... Malaysian palm oil prices BANGKOK, Sept 11: Malaysian crude palm oil futures ended lower on Monday after the Malaysian Palm Oil Board (MPOB) released higher than expected stock and output figures, dealers said.... European shares slide LONDON, Sept 11: European stock markets fell heavily on Monday, mirroring deep losses in Asia, as weaker commodities prices dragged down heavyweight mining and oil companies, dealers said.... Gold prices plunge LONDON, Sept 11: Gold prices plunged on Monday below $600 an ounce for the first time in more than two months as investors weighed bullion’s prospects in the face of lower oil prices....

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