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March 25, 2007 Sunday Rabi-ul-Awwal 5, 1428 Kuwait, Qatar to invest $4 billion ISLAMABAD, March 24: Qatar and Kuwait have decided to make $4 billion new investment in Pakistan''s power, hotel, insurance and oil refinery sectors, said minister for privatisation and investment Zahid Hamid.... Proposals sought for duty-free import: Textile accessories KARACHI, March 24: Textile Industry Minister Mushtaq Ali Cheema has said that the decision on duty-free import of textile accessories will be taken after reviewing the proposals of the local manufacturers.... Cross-border solution for development KARACHI, March 24: Cross-border development programmes have a huge, yet underexploited potential to advance economic growth and reduce poverty, says a study of the World Bank’s Independent Evaluation Group (IEG).... Export of textile products up by 5.36pc ISLAMABAD, March 24: Export of textile products recorded a marginal growth of 5.36 per cent to $10.098 billion during the second year of the post- quota-free regime (Jan-2006 to Jan-2007) as against $9.584... High prices deprive common man of owning a house KARACHI, March 24: An unprecedented rise in the prices of steel products, cement and other inputs of construction industry has shattered the dreams of millions of the middle and lower middle income group people of owning a small comfortable house.... Customs revenue down by 7.7pc in 8 months KARACHI, March 24: Revenue collection through customs duty recorded a sharp fall of 7.76 per cent during first eight months (July-Feb) of the current fiscal. All the three customs collectorates -- Port Qasim, Appraisement and Model Customs — netted Rs58.262... Prices of 11 kitchen items go up ISLAMABAD, March 24: Prices of 11 kitchen items, including edible oil, registered a substantial increase during the week ended on March 23, Statistics Division said on Saturday.... Operators for abolition of activation tax ISLAMABAD, March 24: The GSM Association, the global trade association for mobile phone operators, on Saturday urged the government to eliminate the Rs500 activation tax paid by consumers and the industry to connect every new mobile user in the country.... Rs15.42bn disbursed in R&D support KARACHI, March 24: The State Bank of Pakistan has so far disbursed over Rs15.42 billion as Research and Development (R&D) support against 163,000 claims to the exporters of garments, home textiles, fabrics and leather footwear.... US wheat exports WASHINGTON, March 24: US wheat exports to Peru and Colombia could double to $400 million a year, if free trade deals with those Latin American nations are approved, a US trade group said on Friday.... Boosting mango exports ISLAMABAD, March 24: Mango exports can be doubled by saving post-harvest losses and adopting healthy and quality standards.... S. Arabia not planning oil market crash RIYADH, March 24: There is no question of Saudi Arabia engineering an oil market crash, Dr Fatih Chalabi, the executive director at the Centre for global Energy Studies, and a former... Prices rule firm on cotton market KARACHI, March 24: Trading activity on the cotton market at the weekend session was light as spinners were not inclined to cover forward positions at the higher prices.... China to be 2nd biggest consumer by 2015 SHANGHAI, March 24: A booming economy will lift China to second place behind the United States as the world’s biggest consumer market by 2015, a research report said on Saturday.... US rules out trade deal with Malaysia WASHINGTON, March 24: The US government has ruled out securing a free-trade agreement with Malaysia before President George W. Bush loses his “fast-track” trade promotion authority in three months.... Volvo acquires Nissan Diesel TOKYO, March 24: Swedish truck maker Volvo has successfully acquired Japan’s Nissan Diesel, the companies said on Saturday, the latest merger in the industry as companies prepare for more stringent emissions rules.... Venezuela in oil export deals with China CARACAS, March 24: Venezuela said on Saturday it was working on a raft of oil deals with China, giving impetus to President Hugo Chavez’s attempts to break his country’s dependence on oil exports to the United States.... Vietnam sees trade deficit widening to $1.3bn HANOI, March 24: Vietnam expects to see its trade deficit widening to $1.3 billion in the first three months of this year when imports are estimated to surge 33.6... Mobile service CAIRO, March 24: Etisalat of the United Arab Emirates will launch Egypt''s third mobile phone service by May 1, the head of the operation said on Saturday.... Oil prices jump, metals shine on Fed rate cut hopes LONDON, March 24: World crude oil prices leapt to 2007 peaks this week as commodity markets were jangled by supply worries in major consumer the United States and geopolitical jitters over key crude producer Iran.... UAE premier to talk trade in India DUBAI, March 24: The prime minister of the United Arab Emirates is expected to talk trade during a two-day visit to India that begins on Monday, the local press reported.... IMF suggests further depreciation of dollar BERLIN, March 24: The International Monetary Fund will say further depreciation by the US dollar is needed to help correct global imbalances in its latest World Economic Outlook (WEO), Germany''s Sueddeutsche Zeitung said on Saturday.... Britain’s Brown fails to convince with his budget LONDON, March 24: Britain''s finance minister Gordon Brown has failed to convince the electorate that he will make a good prime minister if and when he takes over from Tony Blair, a poll in The Times said Saturday.... Wall Street gets little help from Fed NEW YORK, March 24: Wall Street appears to have shaken off its worst fears about the US economy after a market-friendly outlook from the Federal Reserve, as it turns to corporate America''s pending earnings news for fresh direction.... Turkey to implement IMF-backed law from 2008 ISTANBUL, March 24: Turkey will implement a critical social security reform package, backed under a programme with the International Monetary Fund, from the start of 2008, Labour Minister Murat Basesgioglu said on Saturday.... Eurotunnel shares to resume trading PARIS, March 24: Shares in Eurotunnel, operator of the Channel Tunnel linking France and Britain, will resume trading on Euronext''s Eurolist on Tuesday after a 10-month suspension, Euronext said on Friday.... Kuwait to decide on retendering new refinery KUWAIT, March 24: Kuwait National Petroleum Co.(KNPC) is considering different options for reintroducing the tender for a planned 615,000 barrels per day al-Zour refinery and will decide in May, Kuwait''s state news agency KUNA said.... German jobless drop to 4 million BERLIN, March 24: German unemployment should drop below four million on average this year, the head of the Federal Labour Office was quoted as saying on Saturday.... Port Qasim KARACHI, March 24: Three ships carrying containers, crude oil and chemicals were accommodated berths at QICT, Fotco terminal and EVT during the last 24 hours, said a PQA press release on Saturday.... Karachi Port operations KARACHI, March 24: Nine ships carrying steel, chemical and coal are expected to arrive at the outer anchorage on Sunday, according to KPT sources....

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