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September 23, 2006 Saturday Sha'aban 29, 1427 Stocks perform well in Ramazan KARACHI, Sept 22: Ask any practicing Muslim at the stock market whether he would pray or play at the market during the holy month of Ramazan and the chances are that... Subsidised sugar sale hits mills’ business LAHORE, Sept 22: Sugar mills are facing difficulty in offloading their existing stocks of around 650,000-700,000 tons since the beginning of this month because of heavy sale of imported sweetener by the TCP at a reduced, subsidised price of Rs30.50... ST refund on ghee, oil export allowed ISLAMABAD, Sept 22: The government has allowed payment of refund of sales tax and federal excise duty to registered exporters of vegetable ghee and cooking oil.... Only 3 US firms offer good rating to Sindh govt KARACHI, Sept 22: Only three American companies out of 60 operating in Pakistan have offered good rating to the Sindh government and eight companies have shared same perception about the Karachi... Oil prices at six months low LONDON, Sept 22: World oil prices shed earlier gains on Friday on easing global supply worries and held close to recent six-month low points, dealers said.... TDAP to start working in 18 months KARACHI, Sept 22: The Trade Development Authority of Pakistan (TDAP) is expected to start its full-fledged working in the next 18 months to achieve a quantum jump in exports by working on supply side and value-addition of non-traditional goods.... US has 400 billionaires WASHINGTON, Sept 22: At least 400 Americans have topped the one-billion-dollar level in net worth, Forbes magazine reports in its annual survey of the wealthiest people in the United States.... Dollar higher LONDON, Sept 22: The dollar steadied on Friday against the euro after earlier falling to 16-day lows after discouraging economic data from the US cemented market expectations that the next interest rate move will be down.... Stocks net fresh gains in pre-Ramazan session KARACHI, Sept 22: The KSE 100-share index on Friday consolidated well above the psychological barrier of 10,000 points on active follow-up support, but analysts doubt its ability to sustain it during... Cotton prices drop on hasty selling KARACHI, Sept 22: Cotton prices on Friday eased from the overnight higher levels followed by reports of panic-selling by some of the growers in the central Sindh cotton belt.... Karachi Port operations KARACHI, Sept 22: Seven ships carrying fertiliser, crude oil and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources.... PVMA new chairman ISLAMABAD, Sept 22: The executive committee of Pakistan Vanaspati Manufacturers Association (PVMA) on Friday appointed Amjad Rashid as its new chairman for the year 2006-07.... Port Qasim KARACHI, Sept 22: Three ships to load and offload containers and furnace oil were berthed at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Friday.... Asian stocks lower HONG KONG, Sept 22: Asian stocks closed lower on Friday, hit by losses on Wall Street after US data showing a surprise contraction in a key industrial region pointed to a possibly sharper-than-expected US slowdown, dealers said.... European shares sink LONDON, Sept 22: European stock markets fell heavily on Friday in line with Wall Street and the Tokyo market on signals of a possible global economic slowdown, dealers said.... Commodities higher LONDON, Sept 22: Commodity markets were higher on Friday, with oil up nearly one per cent and base and precious metals also firmer, lifted by a weaker dollar, analysts said.... Palm oil up KUALA LUMPUR, Sept 22: Malaysian crude palm oil futures closed higher on Friday, boosted by fresh buying interest in an oversold market and higher prices of crude oil.... Karachi market rates KARACHI, Sept 22: The following were Friday’s commodity market rates in rupees....

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