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February 20, 2007 Tuesday Safar 2, 1428 Textile leaders seek tax waiver till June ’09: Fresh demands to cost Rs30-50bn KARACHI, Feb 19: In another concession package, the textile industry is seeking a two-year abolition of virtually all the 41 taxes, surcharges and levies of the federal, provincial and local governments till June 2009.... Saudi group to acquire 68pc stakes in CCBL KARACHI, Feb 19: Saudi investor Samba Group will acquire 68 per cent stakes in the Crescent Commercial Bank Limited (CCBL) after getting 600 million new ordinary shares of the bank.... Poultry prices go up by Rs14 a kg KARACHI, Feb 19: Stakeholders in the poultry industry have pushed up live broiler rate by Rs14 per kg to Rs86 per kg from Rs72 per kg on Feb 9.... Rs250m paid-up capital for coal firm approved ISLAMABAD, Feb 19: Pakistan plans to set up a mining company to tap its estimated 184 billion tons coal reserves and help meet its growing energy needs, a senior government official said on Monday.... Mobile phone banking in the offing ISLAMABAD, Feb 19: Minister for Information Technology Awais Ahmad Khan Leghari has said the government is fine tuning the regulations and procedures to put in place the mobile phone banking in the country in a couple of months.... WB terms dock labour burden on port users KARACHI, Feb 19: The World Bank has suggested to the government not to treat the 4,000 dock workers listed on the Karachi Dock Labour Board (KDBL) as the permanent employees of... Oil prices fall LONDON, Feb 19: World oil prices fell on Monday with warmer weather expected in the United States, and despite fresh unrest in Nigeria, Africa''s biggest producer of crude.... Stocks resume upward drive KARACHI, Feb 19: Stocks on Monday recovered from the weekend lows as investors covered positions on selected counters ahead of board meetings of some of the leading companies including OGDC and National Bank amid market talk of higher dividend.... Cotton prices ease on hasty selling KARACHI, Feb 19: After remaining unchanged for the last couple of sessions, cotton prices on Monday eased by Rs25 per maund as a section of ginners tried to clear the backlog.... Procedure for customs duty exemptions ISLAMABAD, Feb 19: The Central Board of Revenue (CBR) has notified procedures for availing the facility of customs duty exemptions on import of raw material and machinery.... Airbus rescue delayed PARIS, Feb 19: European aircraft manufacturer Airbus delayed announcing details of its long-awaited rescue plan on Monday, pointing to renewed strains between Germany and France about where cuts will fall.... Senators briefed on monetary policy ISLAMABAD, Feb 19: The members of the Senate were briefed by State Bank Governor Dr. Shamshad Akhtar on the monetary policy and the working of the central bank on Monday at the Parliament House.... Euromoney investment moot opens tomorrow ISLAMABAD, Feb 19: Almost 600 participants from all over the world, including Pakistani businessmen, will attend a two- day Euromoney Pakistan investment and finance conference on growth and opportunities that opens here on Feb 21.... Car output PARIS, Feb 19: French car manufacturers built 5.9 million vehicles in 2006, 2.3 per cent fewer than in 2005, the French automobile association CCFA said on Monday.... European stocks higher LONDON, Feb 19: Europe''s main stock markets higher on Monday, with London''s FTSE 100 climbing to the highest level since late 2000 on takeover speculation in the mining sector, dealers said.... Gold prices LONDON, Feb 19: Gold surged to a seven-month high on Monday because of investor buying as the dollar weakened, and analysts expect the precious metal to push higher over coming days and weeks.... Port Qasim KARACHI, Feb 19: Two container ships were accommodated berths at the QICT during last 24 hours, said a PQA press release on Monday.... Karachi Port operations KARACHI, Feb 19: Three ships carrying chemicals, containers and to load ethanol are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....

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