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January 12, 2007 Friday Zilhaj 21, 1427 LPG industry opposes Ogra role in pricing ISLAMABAD, Jan 11: The LPG industry has sought further incentives, a protected market and complete freedom to charge consumers for the LPG at any rate and opposed any role to the Oil and Gas Regulatory Authority (Ogra) in pricing.... Nepra extends higher upfront tariff for IPPs ISLAMABAD, Jan 11: In a divided decision, the National Electric Power Regulatory Authority (Nepra) has given a one-year extension to the independent power producers (IPPs) to bring in investments under an... Trade deficit swells to record $6.45bn: July-December 2006-07 ISLAMABAD, Jan 11: The country’s trade deficit widened by 15.28 per cent during the first half (July-December) of the fiscal year 2006-07 over the same period last year.... Economic growth without well-being worthless KARACHI, Jan 11: Pakistan’s economic growth with back-breaking inflation, sharpening income inequalities, growing regional imbalances, expanding gap in external sector and low ratios of tax, investment and savings is absolutely worthless... Stocks suffer modest losses KARACHI, Jan 11: After initial rise followed by active short-covering on selected counters, stocks on Thursday again finished lower but unlike the previous session there were buyers at the dips in the banking sector and other blue chips.... MoU signed for study on power project KARACHI, Jan 11: The Sindh government is considering launching a coal-fired electric generation company, in partnership with private investors, Dr Arbab Rahim, the provincial chief minister, hinted on Thursday at a... Harbour ready for EU inspection KARACHI, Jan 11: The fish harbour has been undergoing a process of face-lifting for the last two months to receive a four-member European Union (EU) delegation expected in the third week... 24 HBFC offices disburse Rs120m KARACHI, Jan 11: The House Building Finance Corporation (HBFC) has disbursed Rs120 million housing loans under its outreach programme being presently carried out through 24 district-level representative offices functioning with the collaboration of private sector.... Punjab govt’s clarification LAHORE, Jan 11: A spokesman of the provincial finance department has contradicted a news item which appeared in the daily Dawn on Wednesday claiming that the Punjab was heavily dependent on the State Bank overdraft because of its capital-intensive mega projects.... Oil prices slide LONDON, Jan 11: World oil prices fell on Thursday, briefly sinking below $53 a barrel, owing to healthy US energy stockpiles and warm weather in the northern hemisphere, traders said.... VPS fund managers KARACHI, Jan 11: JS ABAMCO Limited and Atlas Asset Management Limited have been issued certificates of registration to act as Pension Fund managers by the Securities and Exchange Commission of Pakistan (SECP).... Oil suppliesresume MOSCOW, Jan 11: Russia fully resumed oil supplies to Europe on Thursday, a senior executive at Russia''s pipeline monopoly Transneft said, RIA Novosti news agency reported."Supplies... Euro falls LONDON, Jan 11: The euro fell sharply against the dollar here on Thursday on remarks from the head of the European Central Bank suggesting that a hike in eurozone interest rates would not come before March.... Pakistan sees US-EU pact to help revive Doha round talks ISLAMABAD, Jan 11: Pakistan on Thursday welcomed the agreement reached between the United States and European Union (EU), which would help in reviving the stalled Doha Round negotiations, Commerce Minister Humayun Akhtar Khan told Dawn.... Talks on sugar inconclusive ISLAMABAD, Jan 11: A high-level meeting between sugar millers and officials of the federal and provincial agriculture ministries, held here on Thursday to resolve the ongoing controversy over the sugarcane prices and threats by millers to stop crushing, ended inconclusive.... Pakistan vows to achieve MDGs NEW YORK, Jan 11: Pakistan''s top priority for Group of 77 (developing countries) and China, whose leadership it assumed on Wednesday, will be securing full and timely implementation of Millennium Development... Talks on PTA with Mauritius complete ISLAMABAD, Jan 11: Pakistan and Mauritius have started the first round of talks on the preferential trade agreement (PTA) to be finalised in near future.... Textile mills concerned over high output cost LAHORE, Jan 11: Some 35 member mills of the All-Pakistan Textile Mills Association (Aptma) have submitted a request for convening extraordinary general meeting of the association representing spinners and weavers to... High-tech accord for credit cards KARACHI, Jan 11: The First Data International, a leader in electronic commerce and payment services around the world, has signed a card-processing agreement with the Bank Alfalah on Thursday.... SHC stops OGDC to award Qadirpur project KARACHI, Jan 11: The Sindh High Court restrained the Oil and Gas Development Company (OGDC) from further processing of the contract of the Qadirpur gas compression project in favour of a Chinese concern.... Trading gets slow on higher lint prices KARACHI, Jan 11: Physical business on the cotton market on Thursday remained slow as spinners were not inclined to oblige ginners who had raised their asking prices.... Karachi Port operations KARACHI, Jan 11: Four ships carrying chemicals, containers and general cargo are due to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was fairly active where nine ships, Hyundai Stride, Y.M.... Port Qasim KARACHI, Jan 11: Two ships to offload high speed diesel oil and chemicals were accommodated berths at Fotco Terminal and EVT during the last 24 hours, said a PQA press release on Thursday.... Auto sales SHANGHAI, Jan 11: China sold 7.22 million auto units last year, up 25.13 per cent from 2005, amid fierce competition for a slice of the action in the world''s third largest market, a state press report said on Thursday.... Asian stocks close mostly lower HONG KONG, Jan 11: Asian stocks closed mostly lower on Thursday with the prospect of an interest rate rise in Japan weighing on sentiment as investors consolidate ahead of the next earnings season.... European shares gain LONDON, Jan 11: European stock markets advanced on Thursday before key European interest rate decisions and after modest overnight gains on Wall Street, dealers said. They added that European equities had...

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