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March 02, 2007 Friday Safar 12, 1428 US firm plans 11 gemstone training centres ISLAMABAD, March 1: Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon has said that the government is taking concrete steps to explore precious stones and other metallic and non-metallic... Milk, poultry, rice & ghee lead price-hike KARACHI, March 1: Price-hike in rice, branded ghee, cooking oil, fresh milk and poultry products dominated last month in terms of putting burden on consumers while there was a bit relief in the prices of pulses, vegetables and flour varieties.... Pakistan, EU to discuss market access issues: Joint commission formed ISLAMABAD, March 1: Pakitan and the European Union (EU) have decided to set up a joint commission under the third-generation agreement — a trade plus treaty — to discuss market access... India urged to remove non-tariff barriers ISLAMABAD, March 1: Pakistan on Thursday linked progress on trade liberalisation with India to removal of all non-tariff barriers (NTBs) saying Islamabad is ready for bilateral consultation with New Delhi on these issues under South Asia Free Trade Agreement (Safta).Addressing... Stocks stage partial recovery KARACHI, March 1: Stocks on Thursday were back on the rails amid active covering purchases on selected counters followed by reports that the KSE members had agreed to elimination of Client Level Netting (CLN) system from March 5.... E&P sector profitability up 22pc in first half KARACHI, March 1: The overall profitability of listed companies in the Oil and Gas Exploration (E&P) sector rose by 22 per cent to Rs35.31 billion for the first half of the current fiscal year ended December 31, 2006, from Rs28.98... Sugar mills in Peshawar face closure KARACHI, March 1: Sugar industry in the Peshawar valley is on the verge of collapse owing to increased production of gur (sweetner) by commercial manufacturers in un-organised sector.... Brokers, SECP resolve differences on CLN ISLAMABAD, March 1: The controversy between the stock brokers and Securities and Exchange Commission of Pakistan (SECP) subsided on Thursday after the former agreed to implement the client level netting system (CLN) by the deadline of March 5.... Six EoIs for SME Bank received ISLAMABAD, March 1: The Privatisation Commission has received six expressions of interest (Eos) from interested parties to act as financial advisor for privatisation of the SME Bank Ltd.... ICI Pakistan profit up KARACHI, March 1: ICI Pakistan Limited has achieved operating results of Rs2.48 billion with a pre-tax profit of Rs2.12 billion for the year ended December 31, 2006.... PM reviews progress on trade corridor ISLAMABAD, March 1: Prime Minister Shaukat Aziz said on Thursday the National Trade Corridor (NTC) will require an investment of $1 billion per year over a period of next four to... Insipid conditions on cotton market KARACHI, March 1: Trading activity on the cotton market on Thursday remained cheerless as price ideas of sellers and buyers were poles apart as was reflected by falling ready mill off-take.... Oil prices ease after hitting above $62 LONDON, March 1: World oil prices pulled back slightly on Thursday, after hitting 2007 peaks above $62 earlier in the day as traders focused on weakening US energy stocks and shrugged off the global equities rout.... EU agrees to Russian request BRUSSELS, March 1: Brussels has accepted an invitation for talks in Moscow in the hope of solving a long-running row over a Russian embargo of Polish foodstuffs, an EU offical said Thursday.... EDF okays Rs207.3m for export schemes ISLAMABAD, March 1: The board of administrators of Export Development Fund (EDF) on Thursday approved Rs207.3 million for various on-going schemes to promote exports.... CNG loans LAHORE, March 1: The Punjab Small Industries Corporation (PSIC) has started a new loan scheme for bus owners who intend to convert their diesel vehicles to CNG.... Seoul exports SEOUL, March 1: South Korea maintained a double-digit increase in exports in February, fuelled by strong demand for semiconductors, petrochemicals and steel, official data showed on Thursday.... Dollar stable LONDON, March 1: The dollar steadied on Thursday against major currencies, as investors remained on alert following the recent global stock market rout and ahead of fresh data from the United States.... Palm oil prices KUALA LUMPUR, March 1: Malaysian crude palm oil futures closed marginally down in thin trade on Thursday as rival soyaoil declined, but the market was awaiting news on exports in the coming days.... Grain output SHANGHAI, March 1: China increased its grain production 2.8 per cent to 497.46 million tons in 2006, but the world''s most populous nation still faces the prospect of shortages, state press reported on Thursday.... US industrial output increased WASHINGTON, March 1: The struggling US manufacturing sector rebounded in February as factories trimmed inventories and boosted output for a broad range of goods, the Institute of Supply Management reported on Thursday.... Thai inflation BANGKOK, March 1: Thailand''s inflation rate fell for the fourth consecutive month in February to 2.3 per cent, sharply below market estimates, due to falling food prices, the commerce ministry said on Thursday.... Port Qasim KARACHI, March 1: Three vessels to load and offload containers and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... Karachi Port operations KARACHI, March 1: Two ships carrying containers and chemicals are due to arrive at the outer anchorage on Friday,according to KPT sources....

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