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September 29, 2006 Friday Ramazan 5, 1427 5pc R&D support for home textiles: ECC decision KARACHI, Sept 28: The government has decided to allow five per cent Research and Development (R&D) support to home textiles across the board by withdrawing its earlier condition of having in-house dyeing, processing and printing facility for availing the facility.... OGDCL announces Mela Well discovery KARACHI, Sept 28: Oil and Gas Development Company Limited (OGDC) has made a discovery in Mela Well No.01 — Naspha Exploration Licence, a notice received and announced at the Karachi Stock Exchange on Thursday said.... 80pc Palla fish being imported from Burma KARACHI, Sept 28: Most Palla consumers do not know that they are having imported Palla in various restaurants and roadside stalls of Hyderabad, Thatta and Karachi.... NIC copy not required for filing tax returns KARACHI, Sept 28: The The Central Board of Revenue (CBR) has relaxed the condition of submitting photocopies of CNIC (Computerised National Identity Cards) along with tax returns. The last date for filing of tax returns is September 30.... Doha Round could still be a success in 2007: Lamy GENEVA, Sept 28: Frozen talks on reducing barriers to global commerce could be revived and brought to a successful conclusion by the end of 2007, World Trade Organisation chief Pascal Lamy said on Thursday.... Pakistan, Malaysia to approve FTA draft ISLAMABAD, Sept 28: Pakistan and Malaysia have agreed to finalise the draft text of the free trade agreement (FTA) very soon to make it operational from the next fiscal year.... Mills unwilling to start cane crushing on time: Sugar crisis looms ISLAMABAD, Sept 28: Federal agriculture ministry has asked Sindh and Punjab to ensure the timely start of sugarcane crushing season as millers have hinted towards a two-month delay due to what they claim massive unsold sugar stocks in their warehouses.Sindh... Automobile imports rise ISLAMABAD, Sept 28: The import of vehicles in completely-built unit (CBU) condition witnessed growth of 83 per cent during the first two months (July-Aug) of the fiscal year 2006-07 over the same months last year.... Oil prices extend gains LONDON, Sept 28: Crude oil prices rose further on Thursday, breaching $64 per barrel in New York, as the market focused on tensions over Iran and a possible supply cut by Opec, analysts said.... KSE index adds 142.17 points to overnight total KARACHI, Sept 28: Stocks on Thursday maintained upward drive as rumour-driven rally continued to inspire speculative support on some of the safe havens in bank and oil shares amid large volume.... Panic selling dominates cotton trading KARACHI, Sept 28: Panic selling by ginners again dominated the Thursday’s cotton market, as steady arrival of phutti (seed-cotton) into ginneries continued to haunt both the growers and ginners.... Karachi Port operations KARACHI, Sept 28: Four vessels carrying, containers, coal and steel cargo are expected to arrive at the outer anchorage on Friday, according to KPT sources.... India eyes bumper cotton crop AHMEDABAD, Sept 28: India''s cotton harvest is gaining pace and industry officials are optimistic of a bumper yield of 26 million bales (170 kg each) in the year ending September 2007, traders said on Thursday.... US growth down to 2.6 per cent WASHINGTON, Sept 28: The US economy grew at a 2.6 per cent pace in the second quarter, the government said on Thursday in its final estimate of growth, revising downward a previous estimate of 2.9... Port Qasim KARACHI, Sept 28: Shipping activity remained active at the port where two ships carrying containers and diesel oil were berthed at QICT and Fotco Oil Terminal during the last 24 hours, said a PQA press release here on Thursday.... Unemployment PARIS, Sept 28: The French unemployment rate edged back up to 9.0 per cent in August, an increase of 0.1 percentage points compared with July, data from the French employment ministry showed on Thursday.... Asian stock higher HONG KONG, Sept 28: Asian stocks posted modest gains on Thursday in line with Wall Street after better-than-expected headline US housing figures reassured investors nervous about the extent of the US economic slowdown, dealers said.... European shares up LONDON, Sept 28: European stock markets slightly up on Thursday after gains by rival global indices, while energy majors benefited from a brief surge in crude prices, dealers said.... Palm oil prices KUALA LUMPUR, Sept 28: Malaysian crude palm oil futures closed higher on Thursday, fuelled by a recovery in the prices of crude oil, dealers said.... Karachi market rates KARACHI, Sept 28: The following were Thursday’s commodity market rates in rupees....

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