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October 20, 2006 Friday Ramazan 26, 1427 Hubco plans to convert all holdings into CDC KARACHI, Oct 19: Hub Power Company Limited (Hubco) on Thursday unfolded a letter from the parent company -— International Power (NPIBV) -— expressing intention of converting/dematerialising the remaining balance of its shares into Central Depository Company (CDC).... Services sector companies to get trade marks KARACHI, Oct 19: Trade marks will be issued to about 8,000 firms in the services sector shortly following the introduction of the facility of registration about two years ago.... PM takes notice of decline in exports ISLAMABAD, Oct 19: Prime Minister Shaukat Aziz has directed the commerce ministry to identify the reasons for an abrupt decline in exports during the first quarter of the fiscal year 2006-07, it is learnt.... High parts valuation irks Chinese assemblers KARACHI, Oct 19: The Directorate General of Customs Valuation, on the request of a leading Japanese bike maker, has asked all the collector of customs to implement the higher value of... KSE 100-share index gains another 167 points KARACHI, Oct 19: The KSE 100-share index is steadily inching toward its previously hit target of 12,000 points and analysts said the current buying euphoria in OGDC and National Bank could... Trading slows down on cotton market KARACHI, Oct 19: After hectic mill buying during the last two weeks, trading activity on the cotton market on Thursday slightly slowed down in the backdrop of latest arrival figures of phutti into the ginneries.... ADB wants Pakistan to cut deficit, inflation ISLAMABAD, Oct 19: The Asian Development Bank has urged Pakistan to lower its fiscal deficit and inflation with a view to further improving the country’s economy.... Efforts geared up to introduce mobile banking ISLAMABAD, Oct 19: The ministry of information technology has directed the country’s telecom regulator and services providers to work closely with the central bank and remove hurdles in the way of introduction of electronic mobile banking in Pakistan.... Industry business plans ISLAMABAD, Oct 19: The Business Support Fund -- an international organisation working with the assistance of the Asian Development Bank and the ministry of finance and Engineering Development Board -- will... State Bank to sell Rs20bn T-bills KARACHI, Oct 19: The State Bank will auction three-, six- and 12-month treasury bills worth Rs20 billion on Saturday, but dealers expect no increase in T-bills yields.... Active port operations demanded KARACHI, Oct 19: Karachi Chamber of Commerce and Industry Senior Vice-President Abdullah Zaki has called for the active operations of Karachi Port and Port Qasim on Monday (October 23) to facilitate the export shipments.... Developed infrastructure to help woo investors LAHORE, Oct 19: Federal Industries, Production and Special Initiatives Minister Jahangir Khan Tareen on Thursday expressed the hope that reduction in the inflation rate would help reduce interest rate as the... ICAP holds seminar on Takaful KARACHI, Oct 19: Takaful Pakistan Limited chief executive officer Jamil Akhtar Khan said Takaful was a practical manifestation of the Quranic injunction for mutual cooperation and assistance for the common benefit.... Poland keen to expand economic relations KARACHI, Oct 19: Consul General of Poland Ireneusz Makles has said his country is keen to expand trade and economic ties with Pakistan.... National business agenda KARACHI, Oct 19: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will present a comprehensive document about National Business Agenda (NBA) to the government by end of December 2006... Prgmea team leaves for Shanghai to attend fair LAHORE, Oct 19: The biggest-ever delegation of the Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) left here on Thursday for Shanghai to take part in the SIGMA 2006 Shanghai International... Asian stocks higher HONG KONG, Oct 19: Asian stocks closed mostly higher on Thursday after another record performance by the Dow Jones, which at one point broke the 12,000 barrier before easing off its highs.... Gold up LONDON, Oct 19: Gold bounced on bargain hunting but struggled to stay above $590 an ounce on Thursday, as dealers awaited direction from the energy market ahead of an Opec meeting on output cuts.... Palm oil prices KUALA LUMPUR, Oct 19: Malaysian crude palm oil futures rose by on Thursday, lifted by higher price of rival soyaoil and demand before next week''s religious holidays.... European stocks weaken LONDON, Oct 19: European shares retreated on Thursday, mirroring losses in Asia despite a record overnight showing on Wall Street, dealers said.... Port Qasim KARACHI, Oct 19: Shipping activity remained brisk at the port where six ships carrying containers, edible oil, sugar, chemicals and coal were allotted berths at various terminals during the last 24 hours, said a PQA press release here on Thursday.... Karachi Port operations KARACHI, Oct 19: Three ships carrying containers and chemicals are expected to arrive at the outer anchorage on Friday, according to KPT sources....

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