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March 14, 2007 Wednesday Safar 24, 1428 Low prices inflict huge losses to growers: Bulk tomato supplies KARACHI, March 13: Steep fall in tomatoes’ prices that are selling for cheap Rs5 to Rs6 a kg must have ruined small growers in the periphery of the city dependent on tomato crop this season.... Ban on fish export to EU after April 12 KARACHI, March 13: The European Commission (EC) has informed the Pakistani government that no consignment of fish products from Pakistan will be allowed entry to EU states after April 12.... D-8 to finalise PTA rules in May ISLAMABAD, March 13: The D-8 countries will finalise the rules of origin in the next couple of months for the implementation of the much-awaited preferential trade agreement (PTA) to increase the volume of regional trade, a senior official said on Tuesday.... Indian PM urges major cuts in farm subsidies NEW DELHI, March 13: India’s prime minister called on developed countries on Tuesday to make bigger farm subsidy cuts to ensure the success of the Doha round of world trade talks.... FPCCI urges govt to save local PVC industry ISLAMABAD, March 13: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday expressed concern over heavy under-invoicing on import of PVC pipes and fittings which was causing loss to local industries.... Unbridled imports hitting local industries KARACHI, March 13: The Union of Small and Medium Enterprises (Unisame) has asked Commerce Minister Humayun Akhtar Khan to take note of unbridled import of such goods that are manufactured locally... SBP to set up memorial chairs in 5 varsities KARACHI, March 13: The State Bank of Pakistan and five public sector universities have signed memorandums of understanding (MoUs) to establish SBP memorial chairs in the name of former heads of the bank.... Opec sees no need for output cut KUWAIT CITY, March 13: The Opec oil cartel does not need to cut output at its meeting this week because the market is balanced, Kuwaiti Energy Minister Sheikh Ali Jarrah al-Sabah said on Tuesday.... US retail sales weaker than expected WASHINGTON, March 13: US consumers were cautious in February, pushing up retail sales a modest 0.1 per cent, government data showed on Tuesday.... Stocks turn in mixed performance KARACHI, March 13: Share market on Tuesday failed to establish any definite price pattern as investors played on both sides of the fence amid alternate bouts of buying and selling but larger fall was averted owing to short-covering at the dips.... Oil prices jump after IEA warning LONDON, March 13: World crude oil prices rebounded on Tuesday after the International Energy Agency warned that falling inventories of oil could put upward pressure on prices in coming months.... Dollar falters LONDON, March 13: The dollar remained weak on Tuesday against major currencies after disappointing US retail sales data sparked worries about a slowdown in US consumer spending.... China’s FDI jumps 13pc BEIJING, March 13: Foreign direct investment into China in the first two months of the year totalled $9.7 billion, a rise of 13 per cent from the same period a year earlier, the government said on Tuesday.... Indonesia set to ban granite exports JAKARTA, March 13: Indonesia is considering a ban on granite exports, a report said on Tuesday, a move that could sour relations with nearby Singapore, given its use of the rock for construction.... Slow trading on cotton market KARACHI, March 13: Trading activity on the cotton market on Tuesday remained at a low ebb as spinners and mills kept to the sidelines most of the time awaiting fresh developments on the cotton front.... WTO upholds EU complaint GENEVA, March 13: The World Trade Organisation has upheld a European Union complaint against Brazil''s prohibition of imports of retreaded tyres from the EU, diplomatic sources said here.... PSA to build $100m container terminal PANAMA CITY, March 13: PSA International, which runs the world''s busiest container port in Singapore, announced on Monday it would build a $100 million container terminal at the Pacific end of the Panama Canal.... IMF extends $715m credit deal for Iraq WASHINGTON, March 13: The International Monetary Fund on Tuesday extended a multimillion dollar credit deal for Iraq, and said economic progress was being made despite raging violence in the US-occupied country.... Award for Engro KARACHI, March 13: The United Nations Global Compact (GC) has listed Engro Chemical Pakistan Limited for providing one of the five best notable Communication on Progress (COP) in chemical sector from around the world.... Switzerland, Japan ready for EPA talks TOKYO, March 13: Japan and Switzerland held a meeting here on Tuesday to prepare for negotiations on a free trade agreement which would be Tokyo''s first with a European country, officials said.... US, Canada sign deal OTTAWA, March 13: The United States and Canada have signed a new open skies agreement resolving questions about restrictions and allowing the pact to go into effect, officials from the two countries said.... Gold rebounds LONDON, March 13: Gold firmed on Tuesday tracking a rebound in oil prices, but the metal was likely to trade in ranges ahead of the release of key US economic data this week.... Palm oil up BANGKOK, March 13: Malaysia palm oil futures closed higher on Tuesday despite expectations of rising supply as investors bought in anticipation of higher prices.... European stocks mainly fall LONDON, March 13: European stock markets mostly fell on Tuesday, with London financial shares hit by vague market rumours that a large hedge fund had run into trouble, dealers said.... Port Qasim KARACHI, March 13: Five ships carrying containers, edible oil, furnace oil and iron ore were accommodated berths during the last 24 hours, said a PQA press release on Tuesday.... Karachi Port operations KARACHI, March 13: Five ships carrying containers, coal and to load general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources....

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