DAWN - Business; December 06, 2006

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December 06, 2006	Wednesday	Ziqa'ad 14, 1427

State Bank uneasy about fall in exports KARACHI, Dec 5: The State Bank on Tuesday raised serious questions about declining trend of exports despite huge supply of subsidised loans to the sector and termed the situation as disappointing....		Major challenges identified: Growth, competitiveness LAHORE, Dec 5: Corruption, weak public institutions, political instability and repeated coups continue to be real challenges for Pakistan’s economic growth and competitiveness in the world....
City govt retains Ramazan rates for milk and mutton KARACHI, Dec 5: The city government has decided to retain the wholesale and retail rates of fresh milk, mutton and beef prevailing in the month Ramazan despite reservations expressed by the dairy farmers....		Agriculturists contributed only Rs1.6bn to kitty KARACHI, Dec 5: Pakistan’s super rich agriculturists paid only Rs1.6 billion tax on their income during last fiscal year when they showed a total value addition of more than Rs1 trillion,...

Stocks close with extended gain of 134 points KARACHI, Dec 5: Stocks on Tuesday remained in a bullish frame of mind and closed with an extended gain on active buying in leading oil shares aided by rumours of strong...		Hectic buying on cotton market KARACHI, Dec 5: Physical business on the cotton market on Tuesday was maintained on the higher side as spinners and mills again indulged in big-lot business, notably for fine lots....

12.5m bales target may be achieved: Higher phutti arrivals KARACHI, Dec 5: Higher arrival of phutti from the Punjab fields to the ginneries is raising hopes that the country may achieve the estimated cotton production target of over 12.5...		SBP allows merger of AEB with JS Bank KARACHI, Dec 5: The State Bank has allowed the American Express Bank’s amalgamation with the Jahangir Siddiqui Investment Bank Ltd....

Kuwait lifts ban on Pakistani seafood ISLAMABAD, Dec 5: Kuwait has decided to lift ban on import of fish from Pakistan, an official told Dawn on Tuesday. Kuwait had slapped an indefinite ban on all fish imports from Pakistan and Iran in September last on health grounds....		Gas supply to 25 power units stopped LAHORE, Dec 5: The Sui Northern Gas Pipelines Limited (SNGPL) on Tuesday stopped supplies to 25 power-generating units to meet the shortfall caused by the current cold wave....

Oil prices slip LONDON, Dec 5: World oil prices slid on Tuesday, erasing earlier gains as traders weighed concerns over a further Opec output cut against forecasts of warmer weather in the United States, a major consumer of heating fuel.Crude...		OGDCL listing on LSE today LONDON, Dec 5: The Oil and Gas Development Company (OGDC) will become the second Pakistani company to be enlisted at the London Stock Exchange here on Wednesday after the company raised its Global Depositary Receipts (GDR) to US dollars 712 million.The...

Facilitation services KARACHI, Dec 5: A Hong Kong company has offered facilitation services for Pakistani investors to set up or expand their companies in Hong Kong or mainland China....		Dollar gains LONDON, Dec 5: The dollar was buoyed on Tuesday after encouraging US economic news helped dissipate some concerns that the world’s largest single economy is headed for recession....

PTCL warned of action on poor service ISLAMABAD, Dec 5: The Pakistan Telecommunication Authority on Monday warned the Pakistan Telecommunication Company Limited (PTCL) of legal action if it failed to improve its deteriorating quality of services....		Plan for development of fisheries sector ISLAMABAD, Dec 5: An action plan under the Competitiveness Support Fund (CFS), a joint initiative of the finance ministry and the US Agency for International Development (USAID), is being prepared for the development of fisheries sector....

European shares up LONDON, Dec 5: European stock markets rose solidly on Tuesday after Wall Street had rebounded overnight. London''s FTSE 100 index of leading shares climbed 0.43 per cent to 6,076.60...		Bike makers reject dealers plea for registration KARACHI, Dec 5: The auto assemblers have taken strong notice of a report based on a circular issued by the Karachi Motorcycle Dealers (KMD) which states that Sindh Motor Registration Authority has agreed to accept manufacturers’ invoice for registration of motorcycles....

Palm oil lower KUALA LUMPUR, Dec 5: Malaysian crude palm oil futures closed 1.2 per cent lower on Tuesday, dragged down by a decline in prices of rival soyaoil and a firm ringgit currency....		Asian stocks higher HONG KONG, Dec 5: Asian stocks closed mostly higher on Tuesday with overnight gains on Wall Street supporting trade but investors were driven more by domestic issues which resulted in another bout of record closes....