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March 22, 2007 Thursday Rabi-ul-Awwal 2, 1428 Two mills merge with Dewan Sugar KARACHI, March 21: Dewan Sugar Mills Limited does not subscribe to the view that excessive sugar makes a mill fat. The company has recently decided to buy out/merge/amalgamate with two other... Only 12,000 firms file IT returns ISLAMABAD, March 21: Of the 45,000 registered firms, only 12,000 have filed income tax returns with the Central Board of Revenue (CBR) in the current financial year, showing that most of the firms are evading taxes on their millions of profits.... PC Board to discuss PSO,UBL, HBL sell-off ISLAMABAD, March 21: Pakistan''s Privatisation Board is meeting here on Thursday to discuss the early disinvestment of a number of transactions, including PSO, UBL and HBL.... G-33 agrees on revised list of indicators: Special products ISLAMABAD, March 21: The Group-33 on Wednesday agreed on a revised list of indicators that would form the basis of selection of special products (SPs) -- no duty reduction -- under the agreement on agriculture (AoA).... KSE resists larger fall on selective support KARACHI, March 21: Share market on Wednesday again turned lower as follow-up support turned shy in the absence of new guiding factors amid volatile political situation.... Money supply rises by 2.9 per cent in 15 days KARACHI, March 21: Monetary growth took a sharp jump of 2.5 per cent in just 15 days and crossed even the last year rate of growth building up the inflationary pressure and threatening the tight monetary policy of the SBP.... Chinese team keen on KPT upgradation projects KARACHI, March 21: Chinese Minister for Communication Li Shengin has shown keen interest in the Karachi Port’s ongoing development projects that will enhance its cargo handling capacity besides equipping it with modern and automated systems.... Decision on feasibility of FTA with EU in May ISLAMABAD, March 21: Pakistan and European Union (EU) will take decision on setting up a study group for examining the feasibility of a free trade agreement (FTA) in May this year.... Malaysia’s offer to supply urea KARACHI, March 21: A Malaysian trade delegation on Wednesday offered Trading Corporation of Pakistan to supply urea to meet domestic requirements. Darwif Nazar of Malaysian International Trading Corporation made this offer during a meeting with TCP Chairman Abdul Malik.... Oil prices rise as US inventories decline LONDON, March 21: Oil prices rose on Wednesday after a larger-than-expected drop in gasoline supplies in top fuel consumer the United States before the summer driving season.... PM assures investors of consistency in policies KARACHI, March 21: Prime Minister Shaukat Aziz on Wednesday reassured the foreign investors of consistency and continuity of policies and transparency that had made Pakistan a “destination of choice” for them.... Rozgar scheme KARACHI, March 21: National Bank of Pakistan on Wednesday signed a memorandum of understanding (MoU) with Mobilink to finance Mobilink PCO under the President’s Rozgar Scheme.... Foreign trawlers deplete local fish stocks ISLAMABAD, March 21: Hundreds of local fishing families are being pushed into poverty due to over-fishing by international trawlers in Pakistani waters, especially those from the Far East.... Fresh imports mar trading on cotton market KARACHI, March 21: Trading activity on the cotton market on Wednesday again slowed down as spinners and mills again withdrew to the sidelines followed by reports of fresh arrivals of the imported stuff.... Chinese stance on trade subsidies GENEVA, March 21: China said talks with the US aimed at preventing a full-blown row at the World Trade Organisation (WTO) over its alleged subsidies to industry showed that Washington misunderstood Beijing''s policies.... Greater market access for US sought WASHINGTON, March 21: US negotiators must secure greater market access for US automobiles, rice and beef in South Korea before Congress will accept a trade deal between the two countries, lawmakers warned on Tuesday.... Karachi Port operations KARACHI, March 21: Seven ships carrying chemicals, general cargo and to load cement are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, March 21: Brisk shipping activity was witnessed at the port where three ships to load, unload containers, edible oil, and coal were allotted berths at QICT, MPT and Iron Ore... Elected KARACHI, March 21: Naved A. Andrabi and Javeed Iqbal Qazi have been elected president and general secretary of the All Pakistan Tax Bar Association (APTBA) for the current year.... Bank holiday KARACHI, March 21: The State Bank of Pakistan and all offices of the SBP’s Banking Services Corporation, including the Public Debt Offices, will remain closed on March 23 being a public... Asian stock markets mixed HONG KONG, March 21:Asian stocks closed mixed on Wednesday as investors waited for the end of a US Federal Reserve meeting later in the day while the Chinese markets put on... Gold higher LONDON, March 21: Gold touched a fresh two-week high on Wednesday as investor sentiment firmed, but analysts said any major move was unlikely until after an interest rate decision from the US Federal Reserve.... Palm oil lower KUALA LUMPUR, March 21: Malaysian palm oil futures ended slightly down on Wednesday, though the market had a firm tone, supported by gains in rival soyabean oil, dealers said.... Karachi market rates KARACHI, March 21: The following were Wednesday’s commodity market rates in rupees....

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