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February 24, 2007 Saturday Safar 6, 1428 EU decides to delist 10 fish exporters : Poor processing standards KARACHI, Feb 23: The European Commission (EC) is reported to have decided delisting of 10 Pakistani fish exporters from the list of approved processing units, exporters said on Friday.... Joint firm for Sost Dry Port set up ISLAMABAD, Feb 23: Pakistan and China on Friday inked a memorandum of understanding (MoU) allowing a joint venture company for handling of management and business of Sost Dry Port (SDP).... 16 filament yarn units closed down in 5 years KARACHI, Feb 23: Sixteen filament yarn manufacturing units have closed down during last five years owing to high cost of production and dumping of cheap product from Far- Eastern countries and China.... Reforms to consolidate stock broking business KARACHI, Feb 23: As the regulators push ahead with the second-generation reforms, stock broking business is bound to come under pressure. Like the banking sector, the result has to be ‘the survival of the fittest’.... ADB’s help to reform pension, insurance system sought ISLAMABAD, Feb 23: Prime Minister Shaukat Aziz has asked Asian Development Bank (ADB) to help Pakistan in restructuring of pension fund and insurance system on fast track.... 1,100 offered loans under Rozgar scheme KARACHI, Feb 23: President of National Bank of Pakistan Ali Reza said on Friday that 1,100 unemployed persons had been offered assistance under the NBP Karobar scheme so far since its launch in October 2006.... Plan for mega Islamic bank intact KUALA LUMPUR, Feb 23: A mega Islamic bank that can fund large projects in Muslim countries is still being developed, the General Council for Islamic Banks and Financial Institutions (CIBAFI) said... Stocks extend overnight run-up KARACHI, Feb 23: Stock market on Friday finished with an extended gain aided by renewed buying in the leading bank and cement shares as investors were not inclined to miss an attractive bait of capital gains.... Readymade garments export up by 17pc in Jan ISLAMABAD, Feb 23: Export of readymade garments in January witnessed a robust growth of 17 per cent, but total exports of textile-related products declined by one per cent in the month over the same period last year.... Clarification ISLAMABAD, Feb 23: The Pakistan Post Office has said its clients never complained that it withheld their money by not timely reconciling its accounts.... Pipeline delayed TOKYO, Feb 23: Moscow will delay a decision on extending a planned oil pipeline from East Siberia to the Pacific coast until it confirms there will be enough oil to fill it, a Japanese newspaper reported on Friday.... Plan to boost tax ratio unveiled ISLAMABAD, Feb 23: Chairman Central Board of Revenue (CBR) and Secretary Revenue division, Abdullah Yousuf has said on that his organisation has devised a 10-year vision aimed to enhance the current tax-to-GDP-ratio from 9.2... Listless trading on cotton market KARACHI, Feb 23: Cotton market on Friday lacked normal trading interest as both sellers and buyers kept to the sidelines partly because of a short session.... Uneven EU quota cut criticised PARIS, Feb 23: The European Union''s decision to take two million tons of sugar production off the market next season was needed but the cuts should be distributed evenly, the head of the French growers'' group said on Friday.... Re-constituted KARACHI, Feb 23: The Sindh government has re-constituted the governing body of Sindh Employees Social Security Institution (Sessi). The 12-member body will be headed by minister for labour and SESSI medical advisor will work as ex-officio member.... Fuel supply LONDON/TOKYO, Feb 23: At least 360,000 tons of Asian jet fuel and some gas oil is set to head for Europe in the coming weeks as a mild winter in Japan... New trade ordinance draft discussed ISLAMABAD, Feb 23: Representatives of various chambers have proposed several amendments in the rules to regulate trade bodies under the newly promulgated Trade Organisations Ordinance, 2006.... Karachi Port operations KARACHI, Feb 23: Five ships carrying containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... Port Qasim KARACHI, Feb 23: Three ships to load and offload containers and wheat were berthed at QICT and MPT during the last 24 hours, said a PQA press release on Friday.... Asian stocks higher HONG KONG, Feb 23: Asian stocks shrugged off a poor performance by Wall Street overnight and closed mostly higher on Friday with Sydney, Seoul and Singapore all striking record highs.... Malaysian palm oil prices BANGKOK, Feb 23: Malaysian crude palm oil futures ended higher on Friday, tracking rises of other commodities in thin trade with investors reluctant to take positions before export figures are released next week.... European stocks mostly weak LONDON, Feb 23: European stock markets were mainly weak on Friday, in the wake of a poor German business confidence survey and weak showing by Wall Street overnight, dealers said....

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