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March 27, 2007 Tuesday Rabi-ul-Awwal 7, 1428 Consumers paying more for CNG: LPG becomes cheaper KARACHI, March 26: The price of liquefied petroleum gas (LPG) has fallen by Rs3 per kg to Rs47 from Rs50 per kg. On the other hand, consumers are paying 50 paisa per kg more to fill their CNG cylinders.... FPCCI, KCCI lock horns on trade ordinance KARACHI, March 26: The leaders of Karachi Chamber of Commerce and Industry and those of the Federation of Pakistan Chambers of Commerce and Industry are back on warpath on the issue... Bedwear exports decline amid tough competition KARACHI, March 26: Bedwear exports have continuously been falling for the last three months (December to February) amid tough competition emerging from the newly-inducted members to the European Union (EU) belonging to former East European bloc.... S. Arabia opens new areas to foreign investors RIYADH, March 26: Saudi Arabia has revised the negative list for foreign investment in the Kingdom, and has permitted foreigners to invest in insurance services, wholesale and retail trade, air and train transport and communication services.... Stocks turn in mixed performance KARACHI, March 26: Stocks on Monday turned in an improved performance as some leading base shares came in for stray short-covering at the lower levels but the recovery was too feeble to put the market back on the rails.... Oil prices hit peaks on Iran tension LONDON, March 26: World oil prices on Monday struck the highest points so far in 2007, reaching above $64 a barrel in London, as the market fretted over rising tensions in major crude producer Iran, traders said.... Dollar climbs LONDON, March 26: The dollar fell to its lowest level against the euro in two years on Monday following the release of weaker-than-expected new US homes data.... Banks’ forex exposures limit raised to 15pc KARACHI, March 26: The State Bank has increased the foreign exchange exposure limits of banks from 10 per cent to 15 per cent of their paid-up capital.... Continuity in policies to ensure rapid growth ISLAMABAD, March 26: Prime Minister Shaukat Aziz said on Monday the government would ensure continuity of policies to maintain the momentum of economic growth in the upcoming years.... Incentives for textile sector ISLAMABAD, March 26: Federal Minister for Textile Industry Mushtaq Ali Cheema has said that incentives for the textile industry are under active consideration and a decision will be made in consultation with all stakeholders after a global study has been completed.... Fresh EoIs invited for 5-star hotel in Lahore ISLAMABAD, March 26: The Privatisation Commission has invited fresh Expressions of Interest (EoIs) from financially sound international organisations with operating experience, and individual/consortium of investors with commitment to build, own and... Canadian help sought to remove trade barriers ISLAMABAD, March 26: Pakistan has sought Canadian government’s intervention in the removal of bottlenecks for clearance of its cargo containers at the Canadian ports.... Imports under Safta stand at Rs102m ISLAMABAD, March 26: Pakistan imported Rs102 million worth of goods from India, Sri Lanka and Bangladesh during the July-Feb period of the 2006-07 under South Asia Free Trade Area (Safta) agreement.... South Korea may walk away from US trade deal SEOUL, March 26: South Korea said on Monday it was prepared to walk away from a free trade agreement with the United States rather than make unacceptable concessions, as the two sides started a make-or-break final round of talks.... Slow trading on cotton market KARACHI, March 26: Trading activity on the cotton market on Monday failed to pick up in the absence of strong demand both from the spinners and mills.... BoK plans right share issue PESHAWAR, March 26: Bank of Khyber is offering its Rs200.20 million shares through right issue to increase the paidup capital up to Rs4 billion by end of this year to comply with the directives of the State Bank of Pakistan (SBP).... Karachi Port operations KARACHI, March 26: Three ships carrying containers are due to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at the wharves was active where 10 vessels,... Port Qasim KARACHI, March 26: Three ships carrying containers and chemicals were accommodated berths at QICT and EVT during the last 24 hours, said a PQA press release on Monday.... FPCCI nominee KARACHI, March 26: FPCCI President Tanvir Ahmad Sheikh has appointed Engr Khalid Ali Khan as vice-chairman of the standing committee on Public Utilities for the year 2007, says a press release.... Asian stock markets firmer HONG KONG, March 26: Asian stocks closed firmer on Monday, building on last week''s solid gains as better-than-expected US house sale figures eased some concerns about the US economic outlook, dealers said.... Malaysian palm oil lower KUALA LUMPUR, March 26: Malaysia''s crude palm oil futures closed lower on Monday as poor export data disappointed the market and players booked profits after the benchmark contract rose to its highest in three months.... European stocks mixed LONDON, March 26: Europe''s main stock markets showed mixed fortunes on Monday ahead of US housing data and amid news of tie-ups involving the mining and housebuilding sectors, traders said.... Karachi market rates KARACHI, March 26: The following were Monday’s commodity market rates in rupees.... Company news KARACHI: GlaxcoSmithKline Pakistan (GSK) won the highest corporate excellence award of the Management Association of Pakistan (Map) in the overall business and industrial category, says a press release....

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