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February 04, 2007 Sunday Muharram 15, 1428 US investors exploring textile sector KARACHI, Feb 3: Rolling in liquidity and confident of unlimited demand growth in their domestic market, a few American companies are exploring investment opportunities in Pakistani textile business through acquisition and joint ventures.... Pakistan asks US to share ROZs draft law ISLAMABAD, Feb 3: Pakistan has expressed the hope that Washington will share draft legislation with Islamabad before placing it in the US Congress for approval to establish Reconstruction Opportunity Zones (ROZs)... Sugar mills posting bitter results this season KARACHI, Feb 3: Sugar mills, almost across the board, are yielding bitter results during the current reporting season, which appeared imminent following an unending battle between cane-growers and millers and a hapless broker — the government.... Formal accord on Gwadar Port on 6th KARACHI, Feb 3: A formal agreement for handing over operating rights of the Gwadar Port to the Port of Singapore Authority, envisaging a 40-year tax relief, will be signed on Tuesday in the presence of Prime Minister Shaukat Aziz.... Medium-term outlook for commodities ISLAMABAD, Feb 3: The federal ministry of food agriculture and livestock (Minfal) has started consultations with provinces and the Food and Agriculture Organisation (FAO) for preparing a medium-term outlook for major... Rs700m loss per month on ST zero rating ISLAMABAD, Feb 3: The zero rating of sales tax on supply of electricity and gas to five major exportable industries across the country is causing more than Rs700 million loss to the national kitty per month, Dawn has learnt.... Ban on raw, brown rice export sought KARACHI, Feb 3: The Union of Small and Medium Enterprises (Unisame) has appealed to the government to disallow export of brown and raw rice for ensuring its availability to local processors and exporters for value-addition.... Tax reforms to be completed by ’09 ISLAMABAD, Feb 3: Chairman Central Board of Revenue (CBR) M Abdullah Yousuf said on Saturday that the reform process of tax administration would be completed by December 31, 2009.... Prices of 16 kitchen items rise ISLAMABAD, Feb 3: Price of 16 essential kitchen items including chicken, moong pulse (washed) moved upward during the week ended Feb 2, 2007, statistic division said on Saturday.... Investment under CFS at record high KARACHI, Feb 3: Total investment under Continuous Financing System (CFS) on the Karachi Stock Exchange last week crossed the Rs50-billion-mark as the demand for funds remained on the higher side in bull market.... Low investment result of bad policies ISLAMABAD, Feb 3: Badly designed regulations and policies have created "unnecessary barriers" that are obstructing adequate local and foreign investment in the country.... Auto industry FRANKFURT, Feb 3: The German automotive industry will invest billions to improve its carbon dioxide (CO2) emission technology due to the increasing risk of global climate change, the German auto association VDA said on Saturday.... Active buying on cotton market KARACHI, Feb 3: Active trading was witnessed on the cotton market on Saturday as spinners covered their forward positions after ginners lowered their asking prices for the low-mic lint.... Karachi Port operations KARACHI, Feb 3: Nine ships carrying steel and steel coils and to load rice are due to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, Feb 3: Two container ships were allotted berths at Qasim International Container Terminal during the last 24 hours, said a PQA press release on Saturday.... Indian govt taking steps to check inflation NEW DELHI, Feb 3: Indian Prime Minister Manmohan Singh said on Saturday fighting inflation, which inched close to a two-year-high last week -- was a priority for his government.... Corus takeover: Tata offers no job guarantees LONDON, Feb 3: Indian tycoon Ratan Tata said on Saturday he could give no guarantees over the safety of jobs, following his firm’s successful bid for Anglo-Dutch steelmaker Corus Group Plc.... Beijing limits home buying for foreigners BEIJING, Feb 3: Foreigners in Beijing will be limited to buying a single home for their own use under new curbs imposed amid efforts to slow a surge in housing costs, newspapers reported on Saturday.... Duty free access for fruits to be sought: FTA with Thailand ISLAMABAD, Feb 3: Pakistan will seek duty free market access for export of fruits to Thailand under the proposed Free Trade Agreement (FTA) between the two countries.... Germany mulls bank aid on hedge fund controls BERLIN, Feb 3: German Finance Minister Peer Steinbrueck is considering urging banks to provide more information on loans to hedge funds to improve transparency of the $1.7... Future not bright for network operators FRANKFURT, Feb 3: Deutsche Telekom and other network providers may no longer have a competitive edge in the battle for customers according to a study, a German weekly reported on Saturday.... Poland may adopt euro in 2012 WARSAW, Feb 3: The new head of Poland’s central bank said in an interview previewed on Saturday that he expected an adoption of the euro in 2012 or 2013.... Japan firm to buy stakes in Taiwan bank TAIPEI, Feb 3: Orix Corp., Japan''s biggest leasing company, has agreed to buy a 33 per cent stake of Taiwan''s Entie Bank for T$12 billion ($364 million), a newspaper reported on Saturday.... Airbus jobs BERLIN, Feb 3: Chancellor Angela Merkel’s government will push for keeping as many jobs as possible at the half-dozen Airbus factories in Germany, a government spokeswoman said on Saturday.... Chinese investment LUSAKA, Feb 3: The Zambian government said on Saturday it had won $800 million in new investment from China.... Gas pipeline FRANKFURT, Feb 3: German power group RWE will announce this coming week its plans to invest 1 billion euros ($1.30bn) to build a natural gas pipeline from the Czech Republic to Belgium, Focus reported on Saturday.... Dollar climbs on US jobs report NEW YORK, Feb 3: The dollar benefited from healthy US job numbers on Friday that reinforced the Federal Reserve''s appraisal of solid growth combined with quiescent inflation, traders said.... JAL to cut staff costs by $413m TOKYO, Feb 3: Japan Airlines Corp. (JAL) will cut about 3,000 jobs as part of a move to reduce staff costs by some 50 billion yen ($413 mln) in fiscal 2009/10 from the current year, a financial daily reported on Saturday.... Dubai eyeing annual economic growth at 11 per cent DUBAI, Feb 3: Dubai is aiming for real economic growth of 11 per cent a year by focusing on trade, transport, tourism and financial services, the Gulf emirate''s ruler said on Saturday.... Nissan warns of first profit cut under Ghosn TOKYO, Feb 3: Nissan Motor Co. on Friday predicted its first drop in annual profits since its breakthrough foreign manager Carlos Ghosn took the helm of the loss-making company in 1999....

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