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November 24, 2006 Friday Ziqa'ad 2, 1427 Only 12 mills start cane crushing in Punjab LAHORE, Nov 23: Out of 38 sugar mills in Punjab, only 12 have commenced physical crushing even after the passage of one week of the date agreed for the same between... EU plans inspection of fish habour, plants KARACHI, Nov 23: The European Union (EU) has outlined a detailed inspection programme for their trading partners during 2007. Pakistan has also been included in the list for examination of hygienic conditions at fish harbour and processing industries.... High interest on loans multiplies business cost ISLAMABAD, Nov 23: The Senate Standing Committee on Finance here on Thursday expressed its serious concerns over the existing high rates of interest on loans that have multiplied the cost of doing business and damaged the industry and exports.... List of ZTBL defaulters ISLAMABAD, Nov 23: Zari Taraqqiati Bank Limited (ZTBL) here on Thursday provided to the Public Accounts Committee (PAC) the list of 47 industrialists who were written off Rs4.48... PM okays creation of Engineering Authority ISLAMABAD, Nov 23: Prime Minister Shaukat Aziz on Thursday approved the creation of Engineering Development Authority of Pakistan (EDAP) to replace the Engineering Development Board (EDB).... Oil prices dip LONDON, Nov 23: World oil prices fell further on Thursday, after shedding nearly a dollar per barrel on Wednesday on data showing an unexpectedly big rise in US stockpiles in the past week.... UK firms to pour more into online advertising LONDON, Nov 23: British firms are planning to invest more in online advertising as households increasingly use the Internet for routine purchases, a new survey said on Thursday.... Tough fight expected in FPCCI polls KARACHI, Nov 23: A tough fight is expected between two rival groups in upcoming elections of the most prestigious and broad-based representative body of the private sector in Pakistan.... NA body to review decline in exports ISLAMABAD, Nov 23: The National Assembly Standing Committee on Commerce (NASCC) will hold a meeting in the next couple of weeks to discuss decline in exports and the establishment of the Trade Development Authority of Pakistan (TDAP).... Bulls stage belated comeback after probe report KARACHI, Nov 23: Stocks on Thursday rebounded from the recent lows aided by a judicious blend of both local and foreign buying in the leading oil and banks shares ahead of... Prices maintain bullish trend on cotton market KARACHI, Nov 23: Cotton prices on Thursday maintained their upward drive on active mill demand amid fears of pressure on supplies in the backdrop of a short crop.... Petronas profits up 20.6pc KUALA LUMPUR, Nov 23: Malaysian state oil firm Petronas on Thursday posted a 20.6 per cent rise in half-year net profit on the back of high oil prices.... SWIFT breaks EU privacy rules BRUSSELS, Nov 23: EU authorities have found that the Belgian-based financial group SWIFT broke EU privacy rules by passing on data to the United States, the European Commission said Thursday, urging action to fix the situation.... Power plants ESSEN, Nov 23: RWE, the second-biggest power producer in Germany, said Thursday it planned to invest 2.5bn euros in two new German electricity generators. RWE said in a statement that the... Russia eyes 7pc growth MOSCOW, Nov 23: Russia should post economic growth this year of about 7 per cent, Economic Development Minister German Gref said on Thursday.... France pins hopes on sell-off plan PARIS, Nov 23: France expects to receive between 5.0 billion and 10.0 billion euros from the sale by the state of non-strategic financial assets next year, Economy and Finance Minister Thierry Breton said on Thursday.... Credit rating KARACHI, Nov 23: JCR-VIS Credit Rating Co. Ltd. has reaffirmed the corporate governance rating of Pak Oman Investment Company Limited at CGR-9 denoting ‘very high level of corporate governance’, says a press release.... Gold steady LONDON, Nov 23: Gold steadied in quiet trade on Thursday ahead of a US holiday and looked at the dollar and oil for direction, but platinum gained after tumbling this week from record highs.... Palm oil lower KUALA LUMPUR, Nov 23: Malaysian crude palm oil futures closed lower on Thursday as players took profit after a strong rally this week and prices of rival soyaoil declined.... Port Qasim KARACHI, Nov 23: Three ships to load and offload containers and chemicals were allotted berths at QICT and EVT during the last 24 hours, said a PQA press release on Thursday.... European stock markets mixed LONDON, Nov 23: European stock markets mixed on Thursday when US and Japanese markets were closed, and dealers noted a broker downgrading of British water group Kelda.... Karachi Port operations KARACHI, Nov 23: Three ships carrying containers and crude oil are expected to arrive at the outer anchorage on Friday, according to KPT sources....

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