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February 08, 2007 Thursday Muharram 19, 1428 Dandot Cement changes hands KARACHI, Feb 7: An agreement has been made between parties for change of hands of majority equity in Dandot Cement Company Limited.... Meeting called on cement price issue ISLAMABAD Feb 7: Minister for Industries and Production Jahangir Khan Tareen has convened a meeting on Saturday to work out measures for arresting the steady increase in cement price.... LPG price shoots up to Rs55-57 per kg: No action against retailers KARACHI, Feb 7: The LPG Distributors and Welfare Association (LPGDWA) has failed to take any action against the retailers who have increased the rate of LPG to Rs55-57 from Rs50 per kg.... Lord Mayor supports Pakistan’s economic policies KARACHI, Feb 7: The visiting Lord Mayor of the City of London, Alderman John Stuttard, on Wednesday supported Musharraf regime’s economic reforms, including privatisation policy and opening the economy for international players amid rapid globalisation.... Mobile banking for microfinance ISLAMABAD, Feb 7: Mobile banking and mobile phone-based technology will be explored as delivery channels to lower transaction costs aimed at improving the poor''s access to financial services in Pakistan.The... Oil prices rise as US fuel stocks decline LONDON, Feb 7: World oil prices rose on Wednesday after news that US heating fuel and crude oil reserves sank last week during a cold snap across the US'' northeastern region.... Growth rate to remain above seven per cent KARACHI, Feb 7: Adviser to the Prime Minister on Finance, Dr Salman Shah, said on Wednesday that growth rate would remain above seven per cent this fiscal.... EU seeks curbs BRUSSELS, Feb 7: The European Commission unveiled a broad strategy to cut carbon dioxide (CO2) emissions from cars on Wednesday, proposing binding limits that automakers say will threaten jobs and lead to big price increases for consumers.... KSE-100 index up 96 points on selective buying KARACHI, Feb 7: The stock market on Wednesday remained in a bullish frame of mind as investors continued to build-up long positions on selected counters anticipating higher dividend announcements by some of the leading companies.... Refund claims KARACHI, Feb 7: The Central Board of Revenue (CBR) has assured exporters of getting payment against their sales tax refund claims for the post zero-rated period within a week.... Swiss business mission due next week KARACHI, Feb 7: A high-ranking Swiss business delegation, led by Switzerland’s Undersecretary of State of Economy, will visit Pakistan next week on a fact-finding mission.... Pipeline deal SOFIA, Feb 7: Bulgaria, Greece and Russia endorsed the text of an agreement on Wednesday to build a long-stalled pipeline to channel Russian oil from the Caspian Sea to the Aegean, Bulgaria’s regional development ministry said.... India’s GDP growth forecast up 9.2pc NEW DELHI, Feb 7: India sharply raised its full-year growth forecast to 9.2 per cent on Wednesday, from an estimate of above eight per cent at the start of the year, on a surge in demand for services and manufactured goods.... FPCCI’s plea for better security ISLAMABAD, Feb 7: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tanvir Ahmed Sheikh has said better internal security situation is essential for the industrial revolution.... Prices remain stable on cotton market KARACHI, Feb 7: Cotton prices on Wednesday remained stable around the previous levels despite revival of mill buying as ginners appear to be willing sellers around the current levels.... Asia drives patent growth trend in 2006 GENEVA, Feb 7: Chinese international patent applications more than doubled in 2006, reflecting a “changing geography of demand” along with other Asian countries such as Japan and South Korea, the World Intellectual Property Organisation said on Wednesday.... US airfares may go up as merger mania fades NEW YORK, Feb 7: Merger mania in the US airline industry has faded, and that could translate into higher fares as carriers look to offset rising costs.... Karachi Port operations KARACHI, Feb 7: Seven ships carrying steel coils, chemicals and to load naphtha and ethanol are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, Feb 7: Berthing activity was nil at the port during the last 24 hours, says a press release.... Revenue postings KARACHI, Feb 7: Deputy Chief Inspector of Stamps, Sindh Board of Revenue, Gul Hassan Chandio, has been promoted to the post of Chief Inspector of Stamps (BS-19) on regular basis with... WTO elects Malaysian envoy as head of GC GENEVA, Feb 7: The World Trade Organisation on Wednesday elected Malaysia’s ambassador, Muhamad Noor, as head of its General Council.... US gas stocks may fall NEW YORK, Feb 7: US natural gas storage levels were expected to fall by about 218 billion cubic feet when weekly US Energy Information Administration data are releasedearly on Thursday, industry sources said.... Gradual rise in US home sales seen WASHINGTON, Feb 7: US existing-home sales have likely hit bottom and should gradually rise this year, but sales should still fall short of last year''s mark, a real estate industry group said on Wednesday.... Asian stocks close firmer HONG KONG, Feb 7: Asian stocks closed mostly firmer on Wednesday after an indifferent showing on Wall Street where concerns at rising oil prices and the tailing off of the results season kept investors subdued, dealers said.... Palm oil prices unchanged KUALA LUMPUR, Feb 7: Malaysian crude palm oil futures closed largely unchanged on Wednesday in slow trade as players waited for clearer direction from data due next week.... Gold prices higher LONDON, Feb 7: Firmer oil prices helped gold to advance on Wednesday, but dealers were cautious ahead of key oil stocks data that might affect the direction of the energy market....

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