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November 03, 2006 Friday Shawwal 10, 1427 Textile machinery imports down 31pc: July-Sept KARACHI, Nov 2: Textile machinery import in the first quarter of this fiscal year is down by about 31 per cent to $145.73 million and that too is from shipments made on previous orders.... Traders refuse to follow city govt price list KARACHI, Nov 2: Traders of various commodities have refused to sell items at Ramazan rates and said they would not follow any price list which the city government is planning for the continuation of price checking campaign after the holy month.... Implementation of new RMS delayed till Dec 4: SECP bows to pressure ISLAMABAD, Nov 2: Faced with extreme pressure from Karachi Stock Exchange (KSE) and brokers and fear of another market crash, the Securities and Exchange Commission of Pakistan (SECP) on Thursday decided... Red tape delays CDNS conversion into corporation ISLAMABAD, Nov 2: Vested interests in the bureaucracy are holding up the conversion of the Central Directorate of National Savings (CDNS) into a corporation as approved by Prime Minister Shaukat Aziz, Dawn learnt on Thursday.... Stocks limit losses as market awaits positive news KARACHI, Nov 2: Stocks on Thursday resisted larger decline followed by modest short-covering on selected counters but the underlying sentiment was terribly shaky ahead of the meeting between the KSE delegation and the SECP high-ups on the margin issues in Islamabad.... Banks witness low deposit growth KARACHI, Nov 2: Both advances and deposits growth of banks remained substantially low during the last nine months of the current calendar year which further reduced the credit penetration of the country.... SECP readies new draft rules for REITs ISLAMABAD, Nov 2: The Securities and Exchange Commission of Pakistan (SECP) has developed a revised draft of the Real Estate Investment Trust (REIT) rules as a part of its ongoing efforts to develop legal framework for REITs.... PM reaffirms commitment to Safta ISLAMABAD, Nov 2: Prime Minister Shaukat Aziz said on Thursday Pakistan was committed to the spirit of South Asia Free Trade Agreement (Safta) to increase economic cooperation and to boost trade among Saarc member states.... Sugar being retailed at Rs34/kg KARACHI, Nov 2: Federal Minister for Industries and Production Jahangir Khan Tareen said on Thursday the average retail price of sugar had been set at Rs34 a kilo on the basis of support price of sugarcane in the country.... Buying spree continues on cotton market KARACHI, Nov 2: Cotton market on Thursday maintained firm trend as mill buying remained fairly active around the current levels, which brokers said, conform to mills export parity levels.... Bidding for Lahore hotel, 2 fertiliser firms in few weeks ISLAMABAD, Nov 2: Federal Minister for Privatisation and Investment Zahid Hamid has said that the bidding for the sale of Services International Hotel (SIH), Lahore on "as is where is basis";... Textile materials exempted from duty ISLAMABAD, Nov 2: The CBR has exempted a range of raw materials used in textile processing and finished products from customs duty. The exemptions were announced through a customs notification issued... Revenue shortfall due to refunds ISLAMABAD, Nov 2: The Central Board of Revenue (CBR) on Thursday admitted that the fall in revenue collection in comparison to the target for the month of October 2006 was due... Record tax collection by LTU Lahore LAHORE, Nov 2: The Large Taxpayer Unit (LTU) in Lahore registered 229 per cent growth in the net collection of direct taxes during first quarter of FY07 as compared to the... Karachi Port operations KARACHI, Nov 2: Six ships carrying fertiliser, containers and general cargo are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Nov 2: Two ships carrying containers and crude oil were berthed at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Thursday.... Citigroup award ISLAMABAD, Nov 2: The Pakistan Poverty Alleviation Fund (PPAF) and Citigroup Foundation on Thursday launched the ‘Citigroup Micro-entrepreneurship Awards 2006 Programme’.... US inflation WASHINGTON, Nov 2: US inflation may be past its peak but remains too high for comfort, Dallas Federal Reserve chief Richard Fisher said on Thursday. “First the good news: It is... Asian stocks mixed HONG KONG, Nov 2: Asian stocks closed mixed on Thursday with investors becoming increasingly wary over prospects for the US economy after manufacturing survey showed a sharper than expected slowdown.... European shares lower LONDON, Nov 2: European stock markets fell on Thursday in the wake of a weak showing by Wall Street overnight. London''s FTSE 100 index of leading shares lost 0.31... Palm oil higher BANGKOK, Nov 2: Malaysian crude palm oil futures rose on Thursday, boosted by higher prices of rival soyaoil and expectations of strong exports, dealers said. The benchmark January contract contract on... Karachi market rates KARACHI, Nov 2: The following were Thursday’s commodity market rates in rupees....

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