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October 10, 2006 Tuesday Ramazan 16, 1427 MCB GDR receives enormous response KARACHI, Oct 9: MCB Bank Limited (MCB) that has set out to raise around $100 to $150 million in fresh equity from international market in the form of Global Depository Receipt (GDR) has received warm investor response.... Auction of Rs2bn ICP investment portfolio: Merger with IDBP KARACHI, Oct 9: The final ritual of phasing out of the 40 years old Investment Corporation of Pakistan (ICP) is being held on Tuesday when its investment portfolio of more than... US asks Pakistan to consult Afghanistan on ROZs ISLAMABAD, Oct 9: The United States has asked Pakistan to consult Afghanistan on the establishment of proposed reconstruction opportunity zones (ROZs) in the economically deprived areas on both sides of Pakistan-Afghan border.... Millers agree to start cane crushing on time LAHORE, Oct 9: Sugar millers on Monday agreed to start crushing in Sindh from the first week and in Punjab and the NWFP from the middle of November after the federal... Islamic banking faces high credit risk KARACHI, Oct 9: Islamic banking industry’s high credit to deposit ratio has exposed the industry to a fairly high degree of credit risk, says a State Bank report on Islamic banking.... Expansion in scope of Rozgar scheme likely KARACHI, Oct 9: National Bank of Pakistan has indicated possible changes in the ‘Rozgar Scheme’ by way of expansion and inclusion of new trades and areas and also by way of... FTA talks with China BEIJING, Oct 9: A nine-member high-level delegation from Pakistan arrived here on Monday to hold talks on free trade agreement (FTA) with Chinese officials from October 10.... Setting up of SMEs in GIE to be encouraged ISLAMABAD, Oct 9: The government has decided to promote small and medium enterprises (SMEs) in the proposed Gwadar Industrial Estate (GIE) in Balochistan which will be mostly based on value added industries.... Gas field MOSCOW, Oct 9: Russia''s Gazprom energy giant stunned investors on Monday by saying it will develop the vast Shtokman gas field without foreign partners and reorient the project towards Europe rather than the United States.... Selling in bank shares limits sustained run-up KARACHI, Oct 9: The KSE 100-share index on Monday briefly breached through the psychological barrier of 11,000 points on the strength of active buying in leading oil shares but failed to... Cotton strategy being finalised LAHORE, Oct 9: Federal Food, Agriculture and Livestock Secretary Ismail Qureshi has said the Cotton Vision, a strategy to enhance cotton production to the level of 20.70... Brisk trading on cotton market KARACHI, Oct 9: Brisk trading was again witnessed on the cotton market on Monday as spinners and mills continued to build up long positions at the current levels, which dealers said, conformed to their export parity levels.... Plea to lift duty on wheat flour export ISLAMABAD, Oct 9: The Islamabad Chamber of Commerce and Industry (ICCI) has demanded of the government to withdraw the regulatory duty imposed on export of wheat flour.... Karachi Port operations KARACHI, Oct 9: Berthing and sailing activity on the Karachi port was maintained on the higher side on Monday where a dozen ships got berths and departed, according to KPT sources.... Port Qasim KARACHI, Oct 9: Shipping activity remained active at the port where three ships schedule to load and offload containers and cement took berths at QICT and Multi Purpose Terminal during the... Asian stocks lower HONG KONG, Oct 9: Asian stocks tumbled on Monday after North Korea defied international pressure and announced it had conducted a nuclear test, realising the region''s worst fears.... European stocks weaken LONDON, Oct 9: European equity markets mainly fell on Monday when investor sentiment was shaken by North Korea''s nuclear test, but London stocks were lifted by the pharmaceutical sector, dealers said.... Karachi market rates KARACHI, Oct 9: The following were Monday’s commodity market rates in rupees....

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