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January 24, 2007 Wednesday Muharram 04, 1428 Spinners blame govt for rising output cost LAHORE, Jan 23: The All-Pakistan Textile Mills Association (Aptma) on Tuesday voiced its “disappointment and concern” over what it dubbed as the government’s “negative attitude” toward the spinning industry, but shot... Pakistan gets $3.3bn in foreign investment ISLAMABAD, Jan 23: The country received record $3.3 billion in foreign investment during the first half (July-Dec) of the current fiscal year.... SBP report again raises issue of data credibility KARACHI, Jan 23: The State Bank of Pakistan has again raised the issue of credibility of official statistics and data in its recent quarterly report, blaming the relevant agencies for under-reporting... South Asian bourses body meets today KARACHI, Jan 23: The first executive meeting of the South Asian Federation of Exchanges (Safe) would be held at the Karachi Stock Exchange on Jan 24 and 25.... Govt may suffer Rs222m loss on wheat export KARACHI, Jan 23: The country may suffer over Rs222 million loss on export of 0.5 million tons of wheat as the government has received offers which are much below the actual cost being incurred on its procurement and other incidental charges.... Mobile number portability by March-end KARACHI, Jan 23: The implementation of mobile number portability (MNP) continues to face delays and now the cellphone operators extended the final launching time to March end against end January this year.... Talks on FTA with Japan proposed ISLAMABAD, Jan 23: Pakistan on Tuesday stressed the need for initiating dialogue on the signing of a free-trade agreement (FTA) with Japan to narrow the trade imbalance between the two countries.... Rs114bn collected in December ISLAMABAD, Jan 23: The Central Board of Revenue (CBR) collected Rs410 billion revenue during the first half of the fiscal year 2006-07 (July-Dec) as against the target of Rs381.1... Stocks turn in mixed performance KARACHI, Jan 23: Share market on Tuesday turned mixed as leading investors played on both sides of the fence amid alternate bouts of buying and selling but blue chips managed to finish with an extended fractional gain.... Oil export LONDON, Jan 23: New OPEC member Angola is set to export a record 1.6 million barrels per day in March, traders said on Tuesday, potentially frustrating OPEC attempts to restrict global supplies.... Financial adviser KARACHI, Jan 23: The Karachi Stock Exchange (KSE) in consultation with the Securities and Exchange Commission of Pakistan (SECP) has awarded Deutsche Bank A.G. the exclusive mandate to act as financial adviser, which would include a valuation of the KSE.... Minister hopes Iraq’s economy will rebound LONDON, Jan 23: Iraq’s Minister for Industries and Minerals Fauzi Hariri, who is here negotiating a deal with the Corus Steel for rehabilitating his country’s steel mill, believes that the cycle... Karachi Port operations KARACHI, Jan 23: Four ships carrying containers and crude oil are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, Jan 23: Four ships carrying containers and chemicals were accommodated berths at QICT and EVT during the last 24 hours, said a PQA press release on Tuesday.... Lint sellers reluctant to lower prices KARACHI, Jan 23: Cotton market on Tuesday showed firm trend as ginners were not inclined to lower their asking prices from the current levels, notably for fine lots.... 15-point agenda to boost trade with Japan ISLAMABAD, Jan 23: Pakistan and Japan on Tuesday agreed to move forward on a 15-point agenda under the proposed roadmap to enhance bilateral cooperation and trade between the two countries.... Profit rates ISLAMABAD, Jan 23: The Zarai Taraqiati Bank Limited (ZTBL) has announced the following rates of return on PLS saving and term deposit accounts for the half year July-December, 2006:... BD tea price CHITTAGONG, Jan 23: The average price of Bangladesh teas fell 1.33 per cent to 95.85 taka ($1.37) per kg on lower overseas demand at a weekly auction on Tuesday, brokers said.“Nearly... Network KARACHI, Jan 23: Cellphone operator, Mobilink, has extended its network coverage to more than 3,500 cities, towns and villages. With more than 22 million customers base, the company is nearly thrice the size of its nearest competitors, says a press release.... CBR chief for quick refund to genuine claimants ISLAMABAD, Jan 23: Chairman, Central Board of Revenue (CBR), M. Abdullah Yousuf, on Tuesday directed the collectors of sales tax to make the refund payment to all genuine claimants without any delay.... Asian stocks higher HONG KONG, Jan 23: Asian stocks closed mostly higher on Tuesday but gains were slight after Wall Street lost ground overnight and as investors consolidate after another sharp rally.... Palm oil prices fall KUALA LUMPUR, Jan 23: Malaysian crude palm oil futures closed slightly lower on Tuesday with the market torn between reports of lower production and poor overseas demand.The...

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