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November 30, 2006 Thursday Ziqa'ad 8, 1427 Govt can’t afford low ‘strike price’: OGDC GDS issue KARACHI, Nov 29: The stock markets have been jittery for the last many days on what might be the ‘strike price’ of offer of Global Depository Shares (GDS) in Oil and Gas Development Company Limited (OGDC) to international investors.... Onion price rises due to Sindh crop failure: Import from India bridges the gap KARACHI, Nov 29: Pakistanis consumed over 250,000 tons of imported onion from September 15 to November 29 in which Indian onion holds 90 per cent share due to fewer arrivals from Afghanistan and Iran.... KSE board approves changes in RMS KARACHI, Nov 29: The Karachi Stock Exchange (KSE) stated in a notice issued to members on Wednesday that “a few changes had been identified to strengthen the overall implementation of Risk Management System (RMS)”.... Electronic media attracts Rs5bn investment ISLAMABAD, Nov 29: The recent developments in Pakistan’s electronic media have created over 80,000 new jobs and attracted an investment of over Rs5 billion during the last three years.... Public-private partnership to yield fruits ISLAMABAD, Nov 29: Adviser to the prime minister on finance Dr Salman Shah has said that the public-private partnership programme launched by the government is bound to succeed.Talking... ROZs will be set up across country: PM ISLAMABAD, Nov 29: Prime Minister Shaukat Aziz said on Wednesday that reconstruction opportunity zones (ROZs) would be set up across the country to alleviate poverty and improve living standards of the people.... Share prices sink on exposure margin increase KARACHI, Nov 29: The KSE 100-share index on Wednesday plunged by 168 points on hasty selling by all and sundry followed by an increase in broker exposure margins to 50 per... Cotton prices rise on fresh buying KARACHI, Nov 29: Cotton prices on Wednesday maintained their upward drive amid panic buying by the spinners and mills despite the fact that the crop is not that short as being speculated by some of the quarters.... Rupee eases on dollar demand KARACHI, Nov 29: The Pakistani rupee edged lower on Wednesday on higher dollar demand from importers, but dealers said healthy dollar inflows were likely to prevent a sharp slide in the rupee''s value.... Sindh to have its own bank KARACHI, Nov 29: M. Muslim Abbasi, Chairman of the Chief Minister’s Investment Cell, said here on Wednesday that the provincial government would soon launch Sindh Bank which would work inline with... SBP plans loans for fisheries KARACHI, Nov 29: The State Bank on Wednesday said that it had formulated draft guidelines for fisheries financing.... Apparel forum set up LAHORE, Nov 29: The four associations representing textile garments and apparel sectors on Wednesday announced the formation of a Joint Apparel Forum to make joint efforts for the resolution of problems confronted by them.... TDAP inks agreement ISLAMABAD, Nov 29: The government has allowed the Trade Development Authority of Pakistan (TDAP) to sign an agreement with Argentine Trade Authority for the promotion of bilateral trade.... Egypt’s textile sector in crisis CAIRO, Nov 29: The Egyptian textile industry, one of the jewels of the country''s economy, needs urgent reforms if it is to survive fierce global competition, exporters and officials said on Wednesday.... Pakistan may cut duty on palm oil KARACHI, Nov 29: Pakistan is likely to reduce the import duty on palm oil in December as domestic prices have started surging, industry officials told Reuters on Wednesday.... US GDP grows by 2.2pc WASHINGTON, Nov 29: The US economy grew at a 2.2 per cent pace in the third quarter, the government said on Wednesday, in an upward revision from an earlier estimated expansion of 1.6... Volkswagen to set up plant in India NEW DELHI, Nov 29: Volkswagen, Europe''s leading automaker, signed a deal on Wednesday to build a 410-million-euro ($539 million) plant in western India at site state officials said will become “the Detroit” of India.... Dr Shamshad appointed IFSB deputy chairperson KARACHI, Nov 29: The Council of Islamic Financial Services Board (IFSB) has appointed State Bank Governor Dr Shamshad Akhtar as its deputy chairperson for 2007 and chairperson for 2008 in a... Move to sign PTA with 57 OIC states ISLAMABAD, Nov 29: Prime Minister Shaukat Aziz has approved a proposal of the commerce ministry to ink a protocol with the OIC secretariat for initiation of talks on preferential trade agreement (PTA) with 57 members of the Islamic bloc.... Court’s plea to redesign dollar bill WASHINGTON, Nov 29: A federal judge has ordered the US government to redesign the dollar bill so that blind people will be able to identify differently denominated bills.... Port Qasim KARACHI, Nov 29: A record cargo volume of 0.111 million tons including 0.080m tons of import and 0.031m tons of export cargo was handled at Port Qasim on Tuesday.... Karachi Port operations KARACHI, Nov 29: Five ships carrying containers, chemicals and to load clinkers are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Gold prices lower LONDON, Nov 29: Gold eased on Wednesday and silver prices steadied after hitting a six-month high as a recovery in the dollar prompted light selling by investors.... European shares climb LONDON, Nov 29: European stocks made solid gains on Wednesday after a rebound on Wall Street overnight.... Palm oil down KUALA LUMPUR, Nov 29: Malaysian crude palm oil futures closed lower on Wednesday as an overbought market prompted technical selling and prices of rival soyaoil declined.... Asian stock markets higher HONG KONG, Nov 29: Asian stocks rallied sharply higher on Wednesday with investors moving into heavily sold down markets on the prospect the US economy will pick-up next year....

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