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January 21, 2007 Sunday Muharram 01, 1428 Pakistan asked to track down cartels: Attracting investment ISLAMABAD, Jan 20: The World Bank has asked Pakistan to “track down illicit cartels” to regulate businesses aimed at attracting adequate local and foreign investment in the country.... KSE-30 index fails to overshadow KSE-100 KARACHI, Jan 20: When the investors at the Karachi Stock Exchange are talking about the rise and fall of the index, they almost always mean old timer KSE-100 index.... Traders awaiting notification on gas price cuts KARACHI, Jan 20: The delay on the part of the government to issue notification on successive decisions taken by the Oil and Gas Regulatory Authority (Ogra) for downward revision of gas... Western firms eye huge oil reserves in Iraq RIYADH Jan 20: While Hugo Chavez and Ahmedinejad were busy attempting an energy rich, ‘anti-imperialist’ bloc, very much in the US backyard, another interesting piece of energy jigsaw was getting into place finally.... 30pc decline in surgical, leather goods export ISLAMABAD, Jan 20: Pakistan’s export of traditional products – carpets, sports, surgical, leather, engineering and footwear – recorded a more than 30 per cent decline during July-December period of the fiscal year 2006-07 as compared to the corresponding period last year.... Parco exports 40,000 tons of petrol KARACHI, Jan 20: The Pak Arab Refinery Limited (Parco) has, so far, exported around 40,000 tons of petrol through four shipments from October 2006 till now, out of planned export of 80,000 tons by the end of current fiscal.... SMEs’ registration KARACHI, Jan 20: Unisame President Zulfikar Thaver has asked all the SMEs to get organised by registering themselves with Smeda or respective trade bodies so that they could truly benefit from the government policies related to SMEs.... Computer sales SINGAPORE, Jan 20: Personal computer sales in the Asia Pacific region are expected to grow 15 per cent this year, an industry monitor said amid upbeat forecasts for the technology sector.... 12.5m bales cotton output target refixed MULTAN, Jan 20: The Cotton Crop Assessment Committee (CCAC), constituted by the federal government, here on Saturday assessed that the cotton production is likely to touch 12.5 million bales this year.... Stainless steel BEIJING, Jan 20: China has for the first time become the world’s largest stainless steel producer, with its output exceeding five million tons in 2006, a rise of 60 per cent since 2005, state news agency Xinhua reported.... Prices of 17 kitchen items go up ISLAMABAD, Jan 20: Prices of 17 daily kitchen items, including liquefied petroleum gas (LPG), have registered massive increase during the last week ended on Jan 19, 2006, statistics division said on Saturday.Most... 30 trade ministers to attend Davos moot ISLAMABAD, Jan 20: More than 30 trade ministers will meet in Davos, Switzerland, later this month to discuss how to revive the stalled Doha round of talks under the World Trade Organisation (WTO).... TCP tender KARACHI: The Trading Corporation of Pakistan (TCP) has floated a tender for the sale of 132.5 tons of clean urea and 200 tons of urea sweeping.... Tax on cash withdrawals fetches Rs1.1 billion ISLAMABAD, Jan 20: The revenue collection on cash withdrawals from banks, sales purchase of stocks and income from property has recorded more than 50 per cent growth during the first quarter of the current fiscal year over last year.... Listless trading on cotton market KARACHI, Jan 20: Trading on the cotton market on Saturday remained slow as spinners curtailed their daily intake owing to higher asking prices by the ginners.... Govt to promote housing industry KARACHI, Jan 20: Federal Minister for Housing and Works Syed Safwanullah has said the government will facilitate in all efforts to promote housing and construction industry.... Vital decisions await approval: TDAP meeting ISLAMABAD, Jan 20: The high-powered board of the newly established Trade Development Authority of Pakistan (TDAP) has not held a single meeting since its inception on November 8, 2006.... FPCCI chief for modern technology KARACHI, Jan 20: The need for acquisition and adoption of modern technology by Pakistani industrialists is increasing to secure a competitive edge, said FPCCI President, Tanvir Ahmed Shaikh, while addressing participants... Poland to veto EU-Russian pact WARSAW, Jan 20: Poland will uphold its veto on talks for a new partnership agreement between the European Union and Russia until Moscow lifts its ban on Polish meat imports, Warsaw''s Agriculture Minister Andrzej Lepper said on Saturday.... Karachi Port operations KARACHI, Jan 20: Five vessels carrying chemicals and containers are due to arrive at the outer anchorage on Sunday, according to KPT sources.Berthing activity at the wharves was maintained on the... Port Qasim KARACHI, Jan 20: Three ships to load/offload containers and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Saturday. Meanwhile, one more ship carrying chemicals also arrived at the outer anchorage.... US, Japanese bosses call for ambitious trade pact NEW YORK, Jan 20: Powerful US and Japanese business leaders called on Friday for a free-trade agreement to link the world''s two largest economies. After day-long talks in New York, the... World oil prices dive below $50 LONDON, Jan 20: Crude oil futures extended their plunge this week, trading below $50 a barrel in New York for the first time since May 2005 as supply concerns eased further.... ECB’s Liikanen sees upside price risks HELSINKI, Jan 20: European Central Bank Governing Council member Erkki Liikanen said there were still upside risks to inflation in the euro zone, Finnish national broadcaster YLE reported on Saturday.... Dollar holds steady against euro, yen NEW YORK, Jan 20: The US dollar held steady against the euro and the Japanese yen on Friday with traders saying the American currency gained some support from an upbeat survey on consumer confidence.... China announces economic reforms BEIJING, Jan 20: China announced a number of key economic reforms on Saturday after closing a high-level conference on improving the management of its increasingly complex financial sector.... German union urges pay rise FRANKFURT, Jan 20: German workers should all get pay rises this year, and the government should bring in a minimum wage of 7.50 euros ($9.72) an hour, the head of Germany''s main service sector union said in comments released on Saturday.... Karachi market rates KARACHI, Jan 20: The following were Saturday’s commodity market rates in rupees....

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