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October 04, 2006 Wednesday Ramazan 10, 1427 Govt, textile leaders face uphill task: New strategy under way KARACHI, Oct 3: Leaders of textile industry, political leaders and bureaucrats are taking up a difficult task to draw up a strategy for Textile Vision-2015.... Short crop triggers onion imports KARACHI, Oct 3: After Kabul, some parties have also booked Indian onion which will land in Pakistan this week in order to meet the rising demand in Ramazan.... Kuwaiti firm to set up $1.5bn oil refinery ISLAMABAD, Oct 3: Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon has assured all facilities and cooperation to Kuwait’s Noor Financial Investment Company for setting up a refinery at Port Qasim.... KSE asks for in-house badla details KARACHI, Oct 3: The Karachi Stock Exchange (KSE) on Tuesday asked members (stock brokers) to provide details of all outstanding in-house badla positions in their books as on October 3, 2006.... New gas price formula to hit industry KARACHI, Oct 3: Site Association of Industry Chairman Ameen Bandukda has said that the envisaged new formula to fix gas prices will hit both the consumers and the industry.... PM reviews fertilizer stock position ISLAMABAD, Oct 3: Prime Minister Shaukat Aziz said on Tuesday the availability of adequate fertilisers would ensure better Rabi crops, improve agricultural production and productivity and augment income of the farmers.... ST on import of PCs, parts notified ISLAMABAD, Oct 3: The Central Board of Revenue (CBR) has fixed minimum value for levy of 15 per cent general sales tax on import of computer hardware and its accessories.... Oil prices fall below $59 LONDON, Oct 3: World oil prices sank under $59 on Tuesday, hitting the lowest points for seven and a half months as traders focused on healthy US stocks and a potential end to the Iranian nuclear crisis.... Pakistan, US begin trade talks ISLAMABAD, Oct 3: The Pakistan-US Council on Tuesday started discussions in the second round on various trade related issues as part of the Trade and Investment Framework Agreement (TIFA).... Stocks undergo mild technical correction KARACHI, Oct 3: Stocks on Tuesday suffered a mild technical correction as buying euphoria associated with rumours of acquisition of some local banks by the foreign investors faded in the absence... Trading remains active on cotton market KARACHI, Oct 3: Trading on the cotton market on Tuesday was fairly active as spinners and mills are not inclined to take an overview of their inventories and indulged in fresh buying.... German firm eyes projects in Pakistan KARACHI, Oct 3: Leading German firm Daimler Chrysler is open to look to “reasonable, feasible and commercially viable” projects in Pakistan for investment but denied press reports about making any investment... Row over appointment of TDAP chief ISLAMABAD, Oct 3: The government has backed out of its assurance to the National Assembly Standing Committee on Commerce (NASCC) in appointing a chief executive officer of the newly-proposed Trade Development Authority of Pakistan (TDAP) on merit.... Karachi Port operations KARACHI, Oct 3: Six ships carrying, containers, crude oil and steel are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, Oct 3: Brisk shipping activity was observed at the port where four ships scheduled to load, offload containers, edible oil and diesel oil during the last 24 hours, said a PQA press release here on Tuesday.... Rich-poor workers gap growing in Britain LONDON, Oct 3: The gap between rich and poor workers in Britain is growing, according to a survey published on Tuesday which found top bosses'' pay rising nearly 10 times as fast as that of the average employee.... IAP chief KARACHI, Oct 3: The central committee of the Insurance Association of Pakistan (IAP) in its recently held meeting elected Tahir Ahmed as chairman and Mohammad Rafiq Chaudhry as vice-chairman of the association for the year 2006-07, says a press release.... Turkish inflation ANKARA, Oct 3: Consumer prices in Turkey climbed again in September, rising by 1.29 per cent from the previous month and by 10.55 per cent on a yearly basis, well above... Award KARACHI, Oct 3: Zafar Aziz Osmani, senior executive vice president and chief executive Human Resources & Organisational Development at Habib Bank Limited is one of the recipients of the Global Super... Asian stocks narrowly mixed HONG KONG, Oct 3: Asian stocks closed narrowly mixed on Tuesday after a lacklustre performance on Wall Street sparked by a weaker-than-expected US manufacturing report, dealers said.... European stocks slip LONDON, Oct 3: European stock markets receded on Tuesday, with French car stocks and energy shares hit by broker downgrades and weak oil prices, dealers said.... Palm oil lower KUALA LUMPUR, Oct 3: Malaysian crude palm oil futures finished sharply lower on Tuesday, dragged down by weak crude oil prices and a decline in exports....

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