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October 18, 2006 Wednesday Ramazan 24, 1427 Parco to export 10,000 tons of petrol KARACHI, Oct 17: As many as 10,000 tons of petrol, produced by a local refinery, will be exported in a day or two since petrol has become surplus in the country... FTA with China next month ISLAMABAD, Oct 17: Pakistan and China will sign the free trade agreement (FTA) during the upcoming visit of Chinese President Hue Jintao to Pakistan in November.... Asian clothing, apparel leaders meet on 25th KARACHI, Oct 17: China is taking a major offensive to counter the growing pressures from the US and the European Union on its rapidly rising trade and is organising the second... Remittances rise by 23 per cent Karachi, Oct 17: Workers remittances increased by over 23 per cent during the first quarter of the current fiscal which may bring the inflows close to the target of $6 billion by end of the current fiscal.... Sindh opposes new SME policy KARACHI, Oct 17: The Sindh government has expressed reservations over the new small and medium enterprise (SME) policy, terming it highly centralised with little or no role for the provincial governments.... FCA fixes targets for Rabi crops ISLAMABAD, Oct 17: The Federal Committee on Agriculture (FCA) has fixed 22.5 million tons wheat and 13.8 million bales cotton targets for the current Rabi season and hinted towards the export of surplus wheat after Eid.... 920 new companies registered in 1stQ ISLAMABAD, Oct 17: The Securities and Exchange Commission of Pakistan (SECP) has registered 920 companies in the first quarter of the current financial year.... EoIs invited for Heavy Electrical Complex ISLAMABAD, Oct 17: The Privatisation Commission has invited expressions of interest from prospective investors for the acquisition of minimum 90 per cent shares of Heavy Electrical Complex (HEC) together with management control on “as is, where is” basis.... Better terms sought for poorest WTO nations GENEVA, Oct 17: World Bank President Paul Wolfowitz on Tuesday called on World Trade Organisation members to ensure that the poorest countries get improved terms in deadlocked talks on breaking down trade barriers.... Islamic banking conference ISLAMABAD, Oct 17: The second Islamic Banking and Money Market Conference 2006 being held in Karachi on November 7-8, with pre-conference workshops at the State Bank of Pakistan on November 6,... KSE 100-share index crosses 11,000-point barrier KARACHI, Oct 17: Stocks on Tuesday staged a massive recovery as leading bank and oil shares came in for strong short-covering at the lower levels, pushing the KSE 100-share to well... Three new directors appointed on SBP board KARACHI, Oct 17: The Federal government has nominated three new directors namely Iftikhar A. Allawala, Zafar A. Khan and Sardar Muhammad Ali Jogezai on the Central Board of Directors of the... Ginners liquidating long positions KARACHI, Oct 17: The cotton market on Tuesday remained under pressure as ginners continued to liquidate long positions in an effort to clear the backlog of unsold stocks ahead of Eid holidays.... Karachi Port operations KARACHI, Oct 17: Five ships, carrying DAP fertiliser, containers and general cargo, are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Wapda, Siemens sign contract KARACHI, Oct 17: The Water and Power Development Authority (Wapda) and a consortium of Siemens AG Germany and Siemens Pakistan Engineering Company signed a contract for the construction of a new 500/220/132kv sub-station at Gakhar.... Port Qasim KARACHI, Oct 17: Shipping activity remained active at the port where three ships carrying containers and LPG took berths at QICT and EVT during the last 24 hours, said a PQA press release here on Tuesday.... US producer prices fall WASHINGTON, Oct 17: The latest news on the US inflation front was puzzling on Tuesday as data showed wholesale prices slid 1.3 per cent in September on plunging energy costs, but core prices rose a strong 0.6... Asian stocks mostly lower HONG KONG, Oct 17: Asian stocks closed lower on Tuesday after investors shrugged off another record close on Wall Street, with fears of a second North Korean nuclear test providing an excuse for profit taking.... European stocks higher LONDON, Oct 17: European and Asian stock markets pulled backed on Tuesday from multi-year peaks, despite a new overnight record high on Wall Street, as cautious investors locked in profits and eyed news from North Korea.... Palm oil up KUALA LUMPUR, Oct 17: Malaysian crude palm oil futures closed higher on Tuesday, boosted by higher crude oil prices and strong exports....

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