DAWN - Business; October 08, 2006

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October 08, 2006	Sunday	Ramazan 14, 1427

Import of synthetic fibres may be allowed: DTRE scheme LAHORE, Oct 7: The Central Board of Revenue (CBR) is expected to again accord the facility of Duty and Tax Remission Rules for Export (DTRE) scheme to the import of synthetic fibres....		No response from India on Kashmir free trade list ISLAMABAD, Oct 7: One of the positive outcomes of the last year quake was the opening of six entry points across the Line of Control (LoC) but Kashmiri traders have yet...
NIT unit’s net asset value rises by 8.40pc KARACHI, Oct 7: National Investment Trust (NIT) — Pakistan’s largest mutual fund — posted Net Asset Value (NAV) of its unit at Rs46.69 at September 30, showing increase of 8.40...		Oil industry eyeing Libyan energy reserves RIYADH, Oct 7: Despite crude markets losing significant ground over the past few weeks, the issue of enough resources available to quench the global energy thirst remains a major issue within the global energy fraternity....

Pakistani marble can compete in quality ISLAMABAD, Oct 7: Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen has said that Pakistani marble is of excellent quality and its products can compete with any other products in the world market....		Crude oil prices sink, metals under pressure LONDON, Oct 7: Crude oil prices ducked below $58 this week, calmed by healthy US energy stockpiles, but rebounded slightly after Opec signalled it might cut output to remedy the situation....

India needs $320bn to boost creaking infrastructure NEW DELHI, Oct 7: India’s Prime Minister Manmohan Singh said the country needs to spend $320 billion by 2012 to improve its creaking infrastructure, accelerate economic growth and tackle poverty....		CFS rates show modest rise KARACHI, Oct 7: The average CFS rates on the Karachi Stock Exchange last week showed a modest rise as bulk of the financing was done around 14.3...

Pakistan not invited to rice congress ISLAMABAD, Oct 7: Pakistan has not been invited to attend the 2nd International Rice Congress 2006 to be held in New Delhi to display various products of rice....		Iran bans rice imports ISLAMABAD, Oct 7: Iran has imposed a ban for a period of two months on import of all kinds of rice varieties from all rice producing countries, including Pakistan in a bid to provide protection to the local farmers....

EDF board approves Rs8.8m for trade plans ISLAMABAD, Oct 7: The Board of Administration of Export Development Fund (EDF) has approved Rs8.8 million for implementation of trade initiatives announced in the trade policy 2006-07....		Clean diesel FRANKFURT, Oct 7: Germany''s carmakers are looking to join forces to push clean diesels in the US market with the Bluetec technology developed by Mercedes-Benz and diesel injection system specialist Bosch....

Russian gas KIEV, Oct 7: Ukraine will stop purchasing Russian natural gas beginning next year, instead opting for cheaper gas from Central Asian states, an energy official said on Saturday....		Cotton prices ease on hasty selling KARACHI, Oct 7: Cotton prices on Saturday suffered fresh fall of Rs35 per maund as ginners tried to clear the backlog of their unsold stocks for no apparent bearish reason....

‘Oil is still cheaper than Coca-Cola’ ROME, Oct 7: Current oil prices are not very high and crude is actually cheaper than Coca-Cola, the chief executive of Italy’s oil company Eni said in an interview with the New York Times....		Emaar shares surge after record public offering RIYADH, Oct 7: Saudi property developer Emaar Economic City’s stock debuted on Saturday at four times the price of its initial public offering which drew bids from a record 10 million investors....

Wall Street down on weak job news NEW YORK, Oct 7: US stocks ended lower Friday after a government report showed September job growth was much weaker than anticipated by Wall Street analysts with just 51,000 new positions created.The...		Basmati fair in Dec KARACHI, Oct 7: Sindh Governor Dr Ishratul Ibad Khan will be the chief patron of the exhibition “Basmati Village” and a seminar to be held in December at the Karachi Expo Centre....

Saudi fashion retailer opens IPO RIYADH, Oct 7: Saudi Arabia’s biggest fashion retailer opened a $352 million initial public offering on Saturday, with analysts expecting solid demand despite a stock market slump and questions over a balance sheet overhaul....		India gets $2.9bn FDI NEW DELHI, Oct 7: India’s booming economy drew a record $2.9 billion in foreign direct investment in the first four months of the fiscal year, nearly double last year''s amount, a report said on Saturday....

Shanghai trade fair KARACHI, Oct 7: The 7th Cinte Techtextil China exhibition ‘Intex’ held in Shanghai from September 19 to 21, attracted a large number of visitors to have a glimpse of new products, said the organisers....		Dollar higher NEW YORK, Oct 7: The dollar rose to its best reading since July against the euro and a seven-month high on the yen Friday as the market looked at underlying strength in what seemed like a weak US employment report....

Iran wants Opec oil basket back at $60 TEHRAN, Oct 7: Iranian Oil Minister Kazem Vaziri-Hamaneh said he hoped the price of the Opec basket oil price hits $60 a barrel or more in the next few days, Iranian state television on Saturday quoted him as saying....		Karachi Port operations KARACHI, Oct 7: Three ships carrying palm oil and containers are expected to arrive at the outer anchorage on Sunday, according to KPT sources....