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February 07, 2007 Wednesday Muharram 18, 1428 Tussle over cotton import via Wagha KARACHI, Feb 6: No end seems to be in sight to the tussle between the All-Pakistan Textile Mills Association (Aptma) and the Ministry of Food, Agriculture and Livestock (Minfal) on the... Shaukat terms auto sector key economic driver KARACHI, Feb 6: Prime Minister Shaukat Aziz has said that the government attaches great importance to the growth and development of auto industry as it is a key driver of economic growth, technology transfer and a creator of jobs.... Mixed reaction offered over bird flu cases KARACHI, Feb 6: Poultry industry gave a mixed reaction over the detection of bird flu cases in the country. The H5N1 virus was detected in domesticated chickens and peacock in Rawalpindi and Mansehra on Tuesday.... KSE MD is in good health KARACHI, Feb 6: The growing concerns over the health of Managing Director of the Karachi Stock Exchange dissipated on Tuesday, as the bearded M.A. Lodhi was seen going about his work in his office.... No criteria for selecting goods for clearance: Importers complain KARACHI, Feb 6: The absence of a clear-cut criterion for consignments picked for rigorous inspection seems to be creating discontent amongst importers.... Cotton production falls by 0.74pc KARACHI, Feb 6: Despite the fact that there had been improved flow of phutti during last fortnight (Jan 15 to Feb 1) but cotton production remained lesser by 0.74... Cane crushing plant to be exported to US ISLAMABAD, Feb 6: Pakistan will make history this week by exporting one of the world`s largest sugarcane crushing mill to Louisiana, USA.... Kenya to import agriculture machinery ISLAMABAD, Feb 6: Kenya has sought import of latest agriculture machinery from Pakistan to make its barren land cultivable.... Stocks extend gains on buying at dips KARACHI, Feb 6: Stocks on Monday finished on a higher note despite a good bit of profit-selling on some overvalued counters as a section of investors covered positions at the dips.... Buying activity gets slow on cotton market KARACHI, Feb 6: Trading activity on the cotton market on Tuesday was relatively slow as spinners kept to the sidelines apparently anticipating fall in selling prices in the backdrop of higher arrivals of phutti.... Africa losing battle against poverty: WB MIDRAND (South Africa), Feb 6: African economies face a daunting challenge to catch up with the rest of the world after missing out on two decades of growth, a new report by the World Bank said on Tuesday.... Rules to end protectionism proposed BRUSSELS, Feb 6: A European Union state may only ban goods from another EU member under very strict conditions, according to rules being proposed next week to stamp out protectionism in the bloc''s market for goods.... US watchdogs probing insider trading WASHINGTON, Feb 6: US securities regulators have opened a wide-ranging probe into whether Wall Street bank employees are leaking tips on big share trades to their favoured clients in a bid to curry favour, the New York Times reported on Tuesday.... Farm subsidies GENEVA, Feb 6: The United States needs to make a new offer on agriculture trade if France is to give its blessing to any EU concessions as part of the stalled... Belarus to raise transit fee for Russian oil MINSK, Feb 6: Belarus is to increase transit fees for Russian oil pumped through its territory to the European Union by more than 30 per cent, the economics ministry said on its Internet site on Tuesday.... Russian economy MOSCOW, Feb 6: President Vladimir Putin told top business leaders on Tuesday that Russia must wean itself off a dependency on exporting raw material and use the country''s wealth of natural resources to develop the economy.... Karachi Port operations KARACHI, Feb 6: Seven ships carrying palm oil, logs and to load ethanol are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... EU seeks cut in Poland’s shipyard capacity WARSAW, Feb 6: The European Commission has told Poland to slash the capacity of its shipyards by 40 per cent or face hundreds of millions of euros (dollars) in penalties, Economy Minister Piotr Wozniak said on Tuesday.... Yen eases against dollar LONDON, Feb 6: The yen eased against the dollar on Tuesday as the Japanese unit continued to dominate the foreign exchange market''s attention before a keenly-awaited meeting of world finance chiefs.... Gas cartel opposed MOSCOW, Feb 6: Russian Energy Minister Viktor Khristenko said on Tuesday he opposed any plan to form a natural gas cartel, describing such an idea as the “fruit of an excited imagination.”... Asian stocks higher HONG KONG, Feb 6: Asian stocks shrugged off another mixed performance by Wall Street on Tuesday and closed mostly higher with investors buoyed by the latest round of corporate results.... European shares rise LONDON, Feb 6: European stock markets rose on Tuesday as investors digested a slew of company news and a mixed overnight performance on Wall Street, dealers said.... Palm oil ends lower BANGKOK, Feb 6 Malaysian crude palm oil futures ended 1.8 per cent lower on Tuesday as a firmer riggit encouraged investors to continue selling.... Gold up in London LONDON, Feb 6: Gold rose above $650 an ounce on Tuesday on firmer oil and a slightly weaker dollar, and analysts said it could jump if it holds onto recent gains a bit longer....

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