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October 29, 2006 Sunday Shawwal 5, 1427 New shipping protocol to boost economy KARACHI, Oct 28: Indian cabinet has finally ratified the new shipping protocol agreement, says a press release of Port Qasim Authority. Pakistan has been waiting for India''s formal nod for concluding the revised shipping protocol.... Cut in DAP price to help farmers ISLAMABAD, Oct 28: Prime Minister Shaukat Aziz has said that the recent reduction in DAP fertilizer price will help improve agriculture productivity and promote rural economy.... Money rates rise as bank deposits rush to NSS KARACHI, Oct 28: Bank deposits have started to fly towards the National Saving Schemes (NSS) of which rates were recently revised upward, said banking sources.... Surveys to bring more professionals in tax net KARACHI, Oct 28: The Sindh Excise and Taxation department has initiated physical surveys of new markets and businesses to bring more professionals in the tax net.... Dubai gold imports fall DUBAI, Oct 28: Dubai''s gold imports fell 9 per cent in the third quarter to 117.6 tons against the same period last year as gold prices soared, the Dubai Gold and Commodities Exchange said.... Government to export 0.5m tons of wheat LAHORE, Oct 28: Punjab Food Minister Chaudhry Muhammad Iqbal on Saturday said that the government was planning to export 500,000 tons of wheat after maintaining a strategic buffer stock of an... Industry blames KESC for over-charging : Self-finance policy reversed KARACHI, Oct 28: The trade and industry have blamed Karachi Electric Supply Corporation (KESC) for over-charging on the material made available by the utility from its own resources and used in... Vietnam’s entry in WTO GENEVA, Oct 28: The World Trade Organisation said that its 149 members would meet on November 7 to consider giving the green light for Vietnam''s accession, a move that would signal the country''s emergence as a significant economic player in Asia.... Kenya economy to grow 6.3pc NAIROBI, Oct 28: Kenya''s economy is forecast to grow by 6.3 per cent in 2007 compared to a projected 6 per cent expansion in 2006, according to a central bank monetary policy statement.... IPOs of Chinese firms soar NEW YORK, Oct 28: Boosted by eye-opening growth prospects, initial public offerings from Chinese companies have soared since September.... Markets suspect Opec’s resolve to sustain output cut RIYADH, Oct 28: Oil prices have staged some recovery, currently flirting around the $60 barrel mark from the lows of $57, yet the clash of interests within the Opec and its... China debates property law BEIJING, Oct 28:Chinese lawmakers are debating the nation''s first property law, which could change the way the country views private property, state media reported on Saturday.... Housing slump slows US growth WASHINGTON, Oct 28: A slumping housing sector helped slow US economic growth in the third quarter to its weakest pace in over three years, leading financial markets to raise bets on interest-rate cuts next year.... Cotton market fails to resume business KARACHI, Oct 28: Cotton market on Saturday passed through another cheerless trading session as physical activity failed to pick up in the absence of strong support.... Russian firms seen expanding abroad LONDON, Oct 28: Russian companies'' global expansion is being driven by commercial rather than geopolitical goals and is part of a broad shift of economic power to emerging nations, the Economist Intelligence Unit said in a report on Friday.... Technical support Karachi, Oct 28: Pakistan called for expanding technical assistance to developing countries, including training and capacity building, to improve the life of the slum-dwellers.... Karachi Port operations KARACHI, Oct 28: Seven ships carrying containers and to load ethanol are due to arrive at the outer anchorage on Sunday, according to KPT sources. Berthing activity at the wharves was... US mortgage bonds widen NEW YORK, Oct 28: Yield spreads on US mortgage-backed securities widened versus comparable Treasuries on Friday, ending the week on a soft note after the government reported a much bigger-than-expected slowdown in US economic growth in the third quarter.... Crude oil prices firm, zinc and lead hit new peaks LONDON, Oct 28: The price of crude oil edged upwards this week as confidence grew in the ability of the Opec cartel to cut production in order to stem recent heavy losses.... Iraq to start talks with China on oilfield BEIJING, Oct 28: China and Iraq will begin talks next month to revive the Saddam-era Ahdab oil development contract, Iraq''s minister said on Saturday.... Gold prices up NEW YORK, Oct 28: Gold rose on Friday, recapturing the $600/oz mark as softer-than-expected US economic growth data weakened the dollar. Oil and copper prices also rose.... Wall Street ends higher NEW YORK, Oct 28: The major US stock indexes ended slightly higher on the week Friday with the Dow Jones Industrials managing to stay above 12,000 points despite a report showing a surprise slowdown in US economic growth.... China is playing WTO game : Lamy GENEVA, Oct 28: China is “playing the game” on opening its domestic market following accession to the World Trade Organisation in 2001, WTO Director General Pascal Lamy said in a newspaper interview.... British data watchdog criticises banks LONDON, Oct 28: Some British banks have been using garbage bags to dispose of customer information in “wholly unacceptable” breaches of data protection, Britain''s information commissioner said in an interview Saturday.... China to build 4 more VLCCs BEIJING, Oct 28: State-owned China Shipping (Group) signed a contract on Saturday to build four very large crude carriers, part of China''s plans to transport a bigger ratio of its oil imports in its own ships, state media reported.... Dollar lower against euro NEW YORK, Oct 28: The dollar fell to near one-month lows against the euro Friday on news that the US economy in the third quarter grew at its slowest pace in more than three years....

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