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January 14, 2007 Sunday Zilhaj 23, 1427 Country-wide increase in LPG prices ISLAMABAD, Jan 13: The average national price of an 11.8 kg cylinder of liquefied petroleum gas (LPG) climbed to Rs675 as against Rs510 per cylinder, the consumer price prevailing in December 2006.... Rupee to lose more value against dollar KARACHI, Jan 13: The rupee will remain under pressure against the US dollar in the coming weeks due to burgeoning trade deficit and higher demand for the greenback, said currency experts.... Opec plans further action to stem drop in prices RIYADH, Jan 13: With stocks piling up and prices crumbling crude markets are under severe pressure. Prices have touched their lowest mark in almost 18 months now - $9 slide in oil prices in just the past two weeks.... Textile package to cost Rs80-100bn: NTSC proposals to boost exports LAHORE, Jan 13: The relief package proposed by the National Textile Strategy Committee (NTSC) for pulling the textile industry out of current crisis and make its exports competitive in the world... Onion, potato rates fall on better supplies KARACHI, Jan 13: Arrivals of new crop and frequent imports have led to price fall in onion, potato, tomato, ginger and garlic. Notable decline has been witnessed in onion because of huge imports from India.... Basmati issue to be contested in Indian court ISLAMABAD, Jan 13: The government has finally decided to challenge the New Delhi decision of including Pakistan’s indigenous super basmati rice in its exportable list in the Indian court after a lapse of seven months.... Asean calls for early resumption of Doha talks CEBU (Philippines), Jan 13: Southeast Asian leaders called on Saturday on the world’s major powers to break the deadlock in global trade talks and move towards an early conclusion of the so-called Doha round.... CFS rates modestly lower KARACHI, Jan 13: The CFS rate on the Karachi stock market last week suffered a modest decline owing to early terribly dull activity in the absence of strong demand for funds from investors.... Russia, Belarus sign oil transit deal MOSCOW, Jan 13: Russia and Belarus signed a formal agreement on late Friday resolving an oil transit row that had disrupted supplies through the main export pipeline to Europe, Russian media said.... IAPEX begins KARACHI, Jan 13: The three-day IAPEX 2007, being held at the Expo Centre, was formally inaugurated on Friday by City Nazim Syed Mustafa Kamal, said a press release.... Clarification KARACHI: In the Dawn’s business page of Jan 11, a story titled “Two auto-makers suffer sale drop by 42pc,” had appeared in which it was mentioned that Hyundai production has been... Cotton market maintains bullish outlook KARACHI, Jan 13: Cotton market on Saturday maintained a bullish outlook as some of the leading spinners resumed their normal covering operations around the prevailing prices.... Early PTA with Mauritius likely ISLAMABAD, Jan 13: Pakistan and Mauritius talks remained inconclusive in the fifth round in finalising the preferential trade agreement (PTA) but both sides agreed to expedite the process for early conclusion of the treaty.... ECO meeting on maritime transport KARACHI, Jan 13: The secretariat of the Economic Cooperation Organization (ECO) member states is holding its meetings of the heads of reference marine organizations and high-level maritime transport experts in Karachi from Jan 16 to 18.... Karachi Port operations KARACHI, Jan 13: Six ships carrying containers, crude oil and to load rice are expected to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, Jan 13: Brisk shipping activity was witnessed at the Port Qasim where four ships scheduled to load and off-load containers, rice, chemicals, and HSD oil berthed at Qasim International Terminal,... KPT told to refund amount of demurrage ISLAMABAD, Jan 13: The Federal Tax Ombudsman (FTO), Justice (Retd) Munir A Sheikh, on Saturday asked the Karachi Port Trust to refund the amount of demurrage charges collected from the complainant in violation of law.... Rich-poor gap growing in China BEIJING, Jan 13: A senior Chinese official has expressed worries over the growing rich-poor gap and environmental damage caused by the country’s galloping economic growth. “The price to pay for economic... ST counter at KCCI KARACHI, Jan 13: The Central Board of Revenue has agreed to open an additional window of Collectorate of Sales Tax in the KCCI premises. It will work for three days, from 13 to 15 of every month from 9.30am... Two banks announce profit rates KARACHI, Jan 13: National Bank of Pakistan (NBP) on Saturday announced profit rates on PLS deposits for the period ended December 31, 2006, says a press release.... Japan seen to hike interest rates TOKYO, Jan 13: The Bank of Japan is likely to raise the benchmark rate of borrowing to 0.5 per cent from the current 0.25 per cent at its next policy board meeting later this month, news reports said on Saturday.... BD exporters welcome emergency DHAKA, Jan 13: The Bangladesh exporters welcomed state of emergency in the country hoping it would end crippling strikes and blockades that have cost businesses in the impoverished country millions of dollars.... World oil prices rebound to nearly $53 NEW YORK, Jan 13: World oil prices climbed to nearly $53 a barrel on Friday, recovering from 19-month lows caused by warm winter temperatures in the northern hemisphere.... Currency levels should reflect fundamentals FRANKFURT, Jan 13: Japanese Finance Minister Koji Omi said on Saturday after meeting European Central Bank (ECB) President Jean-Claude Trichet that currencies should reflect economic fundamentals but that he would not comment on specific levels.... Gold higher, cotton prices fall further LONDON, Jan 13: World oil prices tumbled for a second week in a row, falling below $52 a barrel to reach the lowest points for 19 months, as demand for heating fuel fell amid the northern hemisphere''s warm winter.... CBR to hold quarterly moot from 22nd ISLAMABAD, Jan 13: The Central Board of Revenue (CBR) will hold the third round of its quarterly conference to review the performance of collectorates and commissionerates during the current fiscal year.... US stocks up on better retail sales NEW YORK, Jan 13: The leading US blue-chip index, the Dow Jones Industrial Average, notched up its second straight record close on Friday, largely on upbeat economic news as US retail sales surged higher, traders said.... Germany urges fairer EU trade with Africa ACCRA, Jan 13: German President Horst Koehler criticised European countries for setting up trade barriers against products from Africa whilst at the same time dumping subsidised goods on the world''s poorest continent.... Nissan starts building new global headquarters YOKOHAMA (Japan), Jan 13: Seven decades after its creation in the port city of Yokohama, Nissan Motor Co. began work on Saturday on a new global headquarters that will move it out of the Japanese capital and back to its birthplace.... China forex reserves at $1.04 trillion BEIJING, Jan 13:China''s foreign exchange reserves hit $1.0387 trillion at the end of November, according to a paper by two researchers at the People''s Bank of China that warned of difficulty managing further capital flows into the country....

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