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November 25, 2006 Saturday Ziqa'ad 3, 1427 China firms invited to invest in Pakistan ISLAMABAD Nov 24: Prime Minister Shaukat Aziz has invited Chinese private sector investors to invest in Pakistan for it is an ideal destination to become a hub for Chinese companies to manufacture their products for onward export to the world.... Balochistan trapped in vicious debt net ISLAMABAD, Nov 24: Balochistan government has fallen into a classic debt trap — taking new loans to service old — as its overdraft touched highest ever Rs16 billion this month and interest repayments exceeded Rs250 million per month, it is learnt.... FTA to boost bilateral trade ISLAMABAD, Nov 24: The multi-billion-dollar free trade agreement (FTA) signed between Pakistan and China on Friday will allow free movement of goods and investment and could enhance the value of bilateral trade to $15 billion by 2011.... Exporters demand devaluation of rupee KARACHI, Nov 24: The trade and industry has raised a strong demand for devaluation of the rupee amid deepening crisis on export front where all major export items are showing persistent decline.... LPG smuggling causes huge loss in duty, taxes KARACHI, Nov 24: The liquefied petroleum gas (LPG) is being smuggled to Balochistan from Iran and the product is also finding way into other parts of the country at cheaper rates as compared to the locally produced gas.... Free trade zone status for Hunza sought HUNZA, Nov 24: Businessmen and public representatives of Hunza have asked the government to declare the strategically important valley free trade zone and give compensation to the people affected due to... Upto 100pc increase in property tax proposed KARACHI, Nov 24: The city government has proposed to increase property tax rates on industrial units by 100 per cent and on residential and commercial units by 50 per cent.... German inflation WIESBADEN, Nov 24: Inflation in Germany, the eurozone''s biggest economy, accelerated to 1.5 per cent on a 12-month basis in November from 1.1 per cent in October, preliminary data showed on Friday.... Stocks stay in positive column despite profit-selling KARACHI, Nov 24: Stocks on Friday maintained an optimistic outlook as leading shares posted fresh sharp gains on active follow-up support despite weekend profit-selling at the inflated levels, signalling that the current run-up would be carried to the next week.... Prices move up on cotton market KARACHI, Nov 24: Cotton market on Friday showed bullish trend as ginners further raised their asking prices followed by reports of a considerable fall in arrivals of phutti.... Crude oil imports decline by 13pc ISLAMABAD, Nov 24: The country''s import bill of petroleum crude has declined by 13.03 per cent during the month of October, 2006 to $293.551 million as against $337.549... Bank’s right share KARACHI, Nov 24: Saudi Pak Bank has decided to issue 30 per cent right shares at par. The decision was taken by the board of directors in its 92nd meeting held in Lahore on Thursday, says a press release.... R&D support sought KARACHI, Nov 24: Pakistan Cloth Merchants Association (PCMA) Chairman Ahmed Chinoy has urged the government to allow five per cent research and development (R&D) to textile units located in the Karachi Export Processing Zone.... Textile exports decline by 5.2pc ISLAMABAD, Nov 24: The export of textile products declined by 5.23 per cent to $783.883 million during October 2006 against $827.174 million the same month last year.... European stocks fall LONDON, Nov 24: European stocks, which have performed strongly recently, fell back sharply on Friday, with London banking shares undermined by concern about bad debts and French exporters hit by weakness of the dollar.... Palm oil prices up KUALA LUMPUR, Nov 24: Palm oil prices are expected to rise further by early next year as stockpiles decline due to robust global demand ignited by the rapidly expanding bio fuel industry, a analyst said on Friday.... Port Qasim KARACHI, Nov 24: Three ships carrying containers and edible oil were berthed at QICT and MPT during the last 24 hours, said a PQA press release.... Karachi Port operations KARACHI, Nov 24: Three ships carrying containers and general cargo are due to arrive at the outer anchorage on Saturday, according to KPT sources....

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