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December 20, 2006 Wednesday Ziqa'ad 28, 1427 Core inflation declines to 5.6pc KARACHI, Dec 19: The core inflation, measured both as non-food non-energy (NFNE) and 20 per cent trimmed mean, declined in November to 5.6 per cent and 6.1... S&P revises Pakistan rupee outlook KARACHI, Dec 19: Standard and Poor''s Ratings Services affirmed its ''B+'' foreign currency and ''BB'' local currency long-term ratings and its ''B'' short-term sovereign ratings on Pakistan.... PM for strict enforcement of commercial laws: To encourage business deals LAHORE, Dec 19: Prime Minister Shaukat Aziz on Tuesday underscored the importance of enforcement of commercial laws for encouraging economic agents to engage in market transactions with each other.... PC Board forms two bodies for HEC, HPFL ISLAMABAD, Dec 19: The Privatisation Commission Board (PCB) has constituted two separate pre-qualification committees for the divestment of Heavy Electrical Complex (HEC) and Hazara Phosphate and Chemicals Company Limited (HPFL).... Milk still being sold at Rs30 KARACHI, Dec 19: Despite imposition of heavy fines on milk-sellers by the city government officials during the last one week, milk is still being sold at Rs30 a litre as against its control rate of Rs28.... Disbursement under Rozgar scheme to pick up LAHORE, Dec 19: Conceding that the pace of disbursement of loans under the President’s Rozgar Scheme had so far been extremely slow, NBP President Syed Ali Raza on Tuesday said the... $5bn FDI likely this year LAHORE, Dec 19: Dr Salman Shah, adviser to prime minister on finance, on Tuesday said the country was likely to receive $5 billion in foreign direct investment (FDI) during the current fiscal.Talking... Apparel industry against devaluation: Seeks govt’s support KARACHI, Dec 19: The textile and apparel industry leaders have outrightly rejected the perception that the devaluation of the rupee will boost the falling exports saying any such move will rather damage the entire economic structure and trigger fresh inflationary pressure.... Stocks plunge amid prevailing uncertainty KARACHI, Dec 19: The KSE 100-share index on Tuesday briefly crashed below the resistance level of 10,000 points on nervous selling in overvalued bank and oil shares triggered by conflicting rumours... National mineral policy soon ISLAMABAD, Dec 19: Minister for Petroleum and Natural Resources Amanullah Khan Jadoon on Tuesday said the government would soon announce a national Mineral Policy to attract more foreign investment in this sector.... Karachi Port operations KARACHI, Dec 19: Seven ships carrying containers and coal are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was active where... Port Qasim KARACHI, Dec 19: Berthing activity was slow as only one container ship was accommodated berth at QICT during the last 24 hours, said a PQA press release on Tuesday.... Prices slide on cotton market KARACHI, Dec 19: Cotton market on Tuesday eased from the recent higher levels as some of the ginners from the southern Punjab lowered their selling prices for the lower grade lint.... London bourse vows to raise dividend LONDON, Dec 19: The London Stock Exchange (LSE) on Tuesday pledged to raise its total dividend by at least 50 per cent as it reiterated its rejection of Nasdaq’s £2.7... President requested to visit Heimtextil KARACHI, Dec 19: Pakistani exhibitors have appealed President Pervez Musharraf to visit the forthcoming Heimtextil, an international fair for home and contract textiles, to be held in Frankfurt, Germany from January 10, 2007.... Shariah indices LONDON, Dec 19: Standard and Poor’s, the international ratings agency, launched on Tuesday Shariah-compliant versions of its widely used global indices.... Airblue shows profit KARACHI, Dec 19: Airblue’s operating performance in 2006 has shown marked improvement over the last year as its profit after taxation increased from Rs82 million to Rs153 million.... Asian stock markets slump HONG KONG, Dec 19: Asian stocks slumped on Tuesday, with investors spooked by the worst ever losses in Bangkok where the military government imposed capital controls reminiscent of the 1997 Asian financial crisis.... Palm oil up BANGKOK, Dec 19: Malaysian crude palm oil futures rose on Tuesday with traders covering short positions in hope a weaker ringgit would stimulate overseas demand.... Gold LONDON, Dec 19: Gold and silver were steady in European business on Tuesday, as dealers watched currency markets in illiquid pre-holiday trading conditions....

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