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December 05, 2006 Tuesday Ziqa'ad 13, 1427 Pakistan may lose UAE basmati rice market ISLAMABAD, Dec 4: Pakistan will lose 400,000 tons of rice market in the United Arab Emirates in the wake of the proposed move to make DNA testing mandatory for clearance of rice shipments at Dubai ports.... Record cement sales in November KARACHI, Dec 4: Cement sales for the month of November, 2006 stood at two million tons, which was the highest-ever sales, recorded in any single month.... Production of high value crops stressed ISLAMABAD, Dec 4: State Minister for Finance Omar Ayub Khan on Monday said major investments would be pumped into agriculture sector to enhance farmers'' capacity and attract them towards high value crops production.... Jica calls for focus on value-added products ISLAMABAD, Dec 4: Japan International Cooperation Agency (Jica) has advised Pakistan to formulate an industrial development strategy, with a focus on promotion of high-value-added products.... Sales tax refund rates notified ISLAMABAD, Dec 4: The Central Board of Revenue (CBR) has notified refund of sales tax on import and local purchase of raw materials used in the manufacturing of various brands of electric fans for export.... Stocks cut overnight losses on fresh buying KARACHI, Dec 4: The stock market was back on the rails on Monday as investors covered positions on selected counters under the lead of oil and cement shares aided by restoration... Oil firms, retailers making huge profit ISLAMABAD, Dec 4: Oil marketing companies, retailers and transporters have been earning billions of rupees in profits for the last seven years thanks to petroleum products price revision mechanism.... 11 effluent treatment plants to be set up SIALKOT, Dec 4: Chief Executive Trade Development Authority of Pakistan (TDAP) Tariq Ikram has said that under a comprehensive plan 11 effluent treatment plants will be installed in major industrial towns in near future to check environmental pollution in the country.... Exports to Philippines up by 84 per cent LAHORE, Dec 4: Philippines, with a dynamic and sizeable consumer market and strategic location in a vast free trade area, has unlimited business opportunities for Pakistani businessmen.... Oil prices decline on warm US weather LONDON, Dec 4: World oil prices sank on Monday on forecasts of above-average temperatures in the key energy consumer the United States, dealers said.Profit-taking also forced prices lower after crude oil... Prices maintain bullish outlook on cotton market KARACHI, Dec 4: Trading on the cotton market on Monday resumed on a bullish note as spinners and mills were not inclined to take a technical breather despite higher crop ideas... Rupee at 2-year low on import pressure KARACHI, Dec 4: The Pakistani rupee slipped to a near 25-month low on Monday as banks bought dollars for import and year-end debt payments and dealers said it would remain under pressure in the near-term.The... Fertiliser dealers warned HYDERABAD, Dec 4: The Sindh Agriculture Department on Monday advised the growers to send their complaints regarding black-marketing, profiteering and hoarding of fertilisers, particularly the DAP, to the District Coordination Officers concerned for immediate action.... Govt urged to expand banking links with Yemen KARACHI, Dec 4: The Rice Exporters Association of Pakistan (REAP) has claimed that millions of dollars of Pakistan exporters are stuck up in Yemen owing to poor banking network between the two countries.... Dollar recovers losses LONDON, Dec 4: The dollar staged a modest recovery here on Monday after earlier having fallen to its lowest point since March 2005 against the euro in Asian trading.... Port Qasim KARACHI, Dec 4: Brisk berthing activity was observed at the port where five ships carrying containers, crude oil, chemicals and iron ore were accommodated berths during the last 24 hours, said a PQA press release on Monday.... Bank of New York buys Mellon Financial: $16.5bn deal NEW YORK, Dec 4: The oldest US bank, The Bank of New York, has agreed to purchase Mellon Financial for $16.5 billion in a bid to create one of the world''s largest global asset managers.The... Asian stocks close mixed HONG KONG, Dec 4: Asian stocks closed mixed on Monday after falls on Wall Street at the end of last week and as investors wrestle with the direction of the United States economy.... Gold declines in Europe LONDON, Dec 4: Gold erased overnight gains to marginally decline in Europe on Monday and silver traded off six-month highs, with traders watching the dollar movement for direction ahead of the year-end.... European share markets higher LONDON, Dec 4: European stock markets were broadly higher on Monday, as investors focused on the food and construction sectors amid takeover activity. London’s FTSE 100 index of leading shares rose 0.21...

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