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September 16, 2006 Saturday Sha'aban 22, 1427 Stakeholders hopeful of good harvest: Rain impact on crops KARACHI, Sept 15: Businessmen, farmers and the officials are “cautiously optimistic” on harvesting prospects of autumn crops that have a direct bearing on achievement of about 7 per cent economic growth target fixed for the current fiscal year.... Inflation up 8.93pc in August ISLAMABAD, Sept 15: The continuous increase in the house rent and food items have pushed up inflation by 8.93 per cent in August 2006 over the corresponding month last year thus hitting the low income group.... WB supports liberal policies for high growth SINGAPORE, Sept 15: The high GDP growth rates in Pakistan are outcome of liberalisation policies of the government, believes the World Bank. "There is no doubt in my mind that the... No row between WB, UK SINGAPORE, Sept 15: World Bank President Paul Wolfwitz has agreed that in the past the bank was too full of prescriptions for countries about what they had to do and too... Traders refuse to sell pulses on fixed rates KARACHI, Sept 15: There has been no let-up in the rush of buyers for sugar and pulses at the utility stores and the situation may get out of control in case... Remittances up 22pc in July-Aug KARACHI, Sept 15: The inflow of workers remittances has increased significantly during the first two months of the current fiscal year, said a press release of the State Bank on Friday.... Cancellation of licence recommended: SECP report on CSIBL KARACHI, Sept 15: The Security and Exchange Commission of Pakistan (SECP) in its final report held the main sponsors of the Crescent Standard Investment Bank (CSIBL) responsible for the loss caused... Oil prices decline LONDON, Sept 15: World oil prices dropped on Friday, hitting a near six-month low in New York, after Opec said world oil demand was weaker than expected in the first half of 2006.... SME policy delayed despite approval LAHORE, Sept 15: Small businessmen and exporters from across Punjab wait with their fingers crossed for the formal announcement of the country’s first SME Policy-2006 formulated by the Small and Medium Enterprises Development Authority (Smeda).... Oil shares lead decline on stock market KARACHI, Sept 15: Stocks finished the weekend session on an easy note as leading investors kept to the sidelines owing to pressure on money supply and the absence of leading punters.... CVT on asset transfer ISLAMABAD, Sept 15: The Central Board of Revenue (CBR) has notified that capital value tax (CVT) will be charged at the time of actual transfer of asset.... Buyers remain busy on cotton market KARACHI, Sept 15: Cotton market on Friday maintained a firm outlook as spinners were not inclined to take even a technical breather as reports of a short crop continued to haunt them.... Karachi Port operations KARACHI, Sept 15: Nine ships including Pacific Sun-2 carrying 20,000 tons of sugar are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... Three centres to help taxpayers file returns KARACHI, Sept 15: The Regional Commissioner of Income Tax (RCIT), southern region, has made elaborate arrangements to receive tax returns. Three tax facilitation centres (TFCs) have been opened in the main tax offices of the region in the city.... Plgmea elections KARACHI, Sept 15: Rizwan Rashid and Waseem Reyaz were elected chairman and vice-chairman, respectively, of Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea), Southern Zone, for the year 2006-07.... Asian stocks mixed HONG KONG, Sept 15: Asian stocks closed mixed to firmer on Friday, finding support from lower oil prices which gave the airlines a sharp boost while trade overall was lacklustre, in line with Wall Street, dealers said.... Palm oil lower KUALA LUMPUR, Sept 15: Malaysian crude palm oil futures closed marginally lower on Friday, as poor export performance unveiled by cargo surveyors disappointed the market, dealers said.... Gold prices LONDON, Sept 15: Gold neared its lowest level in nearly three months while oil was also under pressure on Friday, but nervousness before a G7 meeting and crucial US inflation figures... European shares climb LONDON, Sept 15: European stock markets rose modestly on Friday ahead of keenly-awaited US inflation data, dealers said. London''s FTSE 100 index of leading shares edged up 0.01... Company news KARACHI, Sept 15: Engro Foods Limited (EFL) plans to spend over $200 million in next five years in order to achieve its vision of emerging as a global player....

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