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January 11, 2007 Thursday Zilhaj 20, 1427 Top 10 companies by donations in 2005 Fertiliser producers increase prices KARACHI, Jan 10: Urea (fertiliser) manufacturers have increased selling prices by Rs10 per bag, company executive at a leading producer said on Wednesday. The price increase is effective January 1.... BD turmoil may not hit its garment exports LAHORE, Jan 10: Can Bangladesh’s loss prove to be Pakistan’s gain? Most textile exporters say it can only if the current political unrest and violence in that country continues for quite... More incentives likely for cement exporters ISLAMABAD, Jan 10: The government is expected to provide further incentives and facilities to enhance export of cement to increase capacity utilization of the cement industry that has gone up by more than 50 per cent since January last year.... Two auto-makers suffer sale drop by 42 per cent KARACHI, Jan 10: Honda Atlas Cars and Dewan Farooqui Motors continued to show dismal performance in terms of car sales which dropped by 42 per cent each during the last six... Subscription for OGDCL shares opens today ISLAMABAD, Jan 10 : Under the government’s successful ‘Privatisation for the People’ programme, the Privatisation Commission is offering 21,505,000 shares in Oil and Gas Development Company Limited (OGDCL) to Pakistani citizens.... Current account deficit up 22pc: July-November KARACHI, Jan 10: The current account deficit has gone up by 22 per cent during the first five months of the year while the pressure is mounting with rapid increase in trade deficit.... Stocks fail to sustain overnight gains, lose 30.8 points KARACHI, Jan 10: The share market on Wednesday failed to sustain the overnight run-up as buying euphoria associated with the tax exemption on capital gains faltered half way in the absence of active follow-up support.... Three RTO’s limits notified ISLAMABAD, Jan 10: The CBR on Wednesday notified the territorial jurisdiction of the three regional tax offices (RTOs) established in Peshawar, Abbottabad and Rawalpindi. The jurisdiction areas to fall under these... Oil dispute resolved MINSK, Jan 10: The presidents of Russia and Belarus have found a compromise solution to an oil transit row which has disrupted supplies to the European Union, the Belarus presidency said in a statement on Wednesday.... US trade gap narrows WASHINGTON, Jan 10: The U.S. trade deficit in November was the smallest in 16 months, as a weak dollar and solid foreign economic growth helped U.S.... Indonesia receives six offers for rice import JAKARTA, Jan 10: Indonesian state logistics agency Bulog said on Wednesday it had received bids from six trading houses for a 250,000-ton rice import tender for delivery between January and March.The... EU vows to boost energy market competition BRUSSELS, Jan 10: The European Commission vowed on Wednesday to take action against companies stifling energy competition and driving up prices for consumers, following an inquiry into the sector.... India eyes Pakistani tea market KOLKATA, Jan 10: India''s junior trade minister said on Wednesday the country''s tea productivity would grow by 30 to 50 per cent in 5 to 7 years with the help of a $1.1... Zimbabwe inflation hits 1,281pc HARARE, Jan 10: Inflation in Zimbabwe hit a new record high of 1,281 per cent on Thursday, puncturing government hopes of reining in the galloping rate which has left households struggling to make ends meet.... Hectic buying on cotton market KARACHI, Jan 10: Physical trading on the cotton market on Wednesday gathered fresh momentum as spinners and mills made active covering purchases fearing further increase in prices.... NYSE, Goldman seek stake in Indian bourse NEW DELHI, Jan 10: The New York Stock Exchange and investment bank Goldman Sachs are among investors, who plan to buy an unspecified stake in India''s National Stock Exchange, a report said on Wednesday.... Manufacturers in US to boost R&D spending NEW YORK, Jan 10: US manufacturers are expected to increase spending on research and development this year by the biggest margin in years, reflecting recent sales growth, an annual trends survey reported on Wednesday.... BD reserves shrink after ACU payment DHAKA, Jan 10: Bangladesh has made a payment of $330.14 million to the Asian Clearing Union (ACU), central bank officials said on Wednesday, shrinking its foreign exchange reserves to $3.69... Nafa launches two new funds KARACHI, Jan 10: The National Fullerton Asset Management Limited (Nafa) is launching two new open-end funds -- Nafa Stock Fund (NSF) and Nafa Multi-Asset Fund (NMF) in mid-January in Pakistan.... Duty on wheat export to be lifted KARACHI, Jan 10: Pakistan will remove 15 per cent duty on wheat exports later this month to help boost overseas sales, a government official said on Wednesday.... Karachi Port operations KARACHI, Jan 10: Three ships carrying containers and to load rice are expected to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was... Home, building products exhibition KARACHI, Jan 10: The Institute of Architects Pakistan is organising its third internaitonal exhibition of home and building products, IAPEX-2007 from Jan 12 to 14 at the Expo Centre.... Karachi market rates KARACHI, Jan 10: The following were Wednesday’s commodity market rates in rupees.... Company news KARACHI: The Oracle University has announced the availablity of Oracle E-Business Suite IIi Applications certificaiton programme. For years, Oracle Database profressinal have used Oracle Certified Professional certification to advance their careers, increase their value, and gain prestige.... Asian stocks close mostly lower HONG KONG, Jan 10: Asian stocks closed sharply lower on Wednesday as profit taking resumed after a lacklustre performance by Wall Street and in Japan where investors are increasingly concerned about an interest rate hike.... Gold slips in Europe LONDON, Jan 10: Gold drifted lower in Europe on Wednesday as a firmer dollar and weak oil prices prompted investors to trade cautiously, but the long-term outlook for higher prices remained intact, dealers said.... European shares sink LONDON, Jan 10: European stock markets fell on Wednesday as hefty losses in Asia added to disappointment after an uninspiring Wall Street performance overnight, dealers said.... Palm oil prices KUALA LUMPUR, Jan 10: Malaysian crude palm oil futures closed lower on Wednesday, dragged down by a decline in rival soyaoil and as weak export data disappointed the market....

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