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March 29, 2007 Thursday Rabi-ul-Awwal 9, 1428 TDAP campaigns against police land-grabbing at Expo KARACHI, March 28: For more than a quarter of century, during which almost a dozen governments came and went the Sindh Police has successfully withstood all moral, legal and political pressures... Lukewarm response to MNP facility KARACHI, March 28: The commercial launch of mobile number portability (MNP) from March 26 received a cool response from the customers as the providers have not received many request for the change of cellphone company over the last three days.... Rising yields pointer to tightening of policy: T-bills auction KARACHI, March 28: The State Bank on Wednesday raised the cut-off yields on treasury bills of all maturities signalling further tightening of the monetary policy. The market received the information of... S. Korea, US in tug of war over free trade deal SEOUL, March 28: South Korean and US negotiators were bogged down in tough free trade talks, an official said on Wednesday, as opponents of the proposed deal again took to the streets to denounce it.... Stocks falter on new exposure margins KARACHI, March 28: New exposure margins set by the KSE for its members halted the market’s upward drive on Wednesday as blue chips came in for stray selling and tended lower in the absence of fresh support.... D.G. Khan Cement runs new grinding mills KARACHI, March 28: D.G. Khan Cement has started to run grinding mills at its expansion plant at Chakwal and make trial dispatches from Monday. “We have dispatched 530 tons per day... Body set up on small, medium enterprises KARACHI, March 28: The government has constituted a national committee on small and medium enterprises (NCSME) with the objective of implementing, monitoring and evaluating the action plan laid down under the SME policy, approved by the federal cabinet on Jan 17.... Oil prices surge LONDON, March 28: Oil prices soared on Wednesday as Britain froze ties with Iran, the world’s fourth largest producer of crude, in response to the Islamic country''s refusal to release 15 British sailors.... New 5-star hotel after two decades KARACHI, March 28: Accor Hotels — the chain that runs 4,000 hotels in 90 countries – launched operations in Pakistan by opening its first hotel, the Grand Mercure – Karachi Airport Hotel.... Growth leads to rise in demand for goods ISLAMABAD, March 28: Prime Minister Shaukat Aziz said on Wednesday high growth in economy had created surge in demand for consumer goods during the last few years.... Social liability project to enhance exports ISLAMABAD, March 28: The government on Wednesday launched a project for adoption of Social Accountability 8,000 (SA 8,000) for enhancing country''s export potential through ethical production and sourcing in the broader perspective of Corporate Social Responsibility.... US housing WASHINGTON, March 28: Federal Reserve chairman Ben Bernanke said on Wednesday a slump in the US housing market has not spilled over to the broader economy, but that his forecast remains subject to “uncertainties.”... Dollar higher LONDON, March 28: The dollar regained ground on Wednesday after Federal Reserve Chairman Ben Bernanke lowered expectations of an imminent interest rate cut by saying the US central bank was keeping an eye on inflation.... Kuwaiti bank may curb speculation in dinar KUWAIT/DUBAI, March 28: Kuwait''s central bank said on Wednesday that it may take unspecified measures to curb speculation in its dinar, firing a warning shot as speculators buy the currency in the hope that the oil producer may revalue.... India to build $4.5bn chipmaking units NEW DELHI, March 28: India’s Hindustan Semiconductor Manufacturing Corp (HSMC) said on Wednesday it would invest up to $4.5 billion to build two chipmaking facilities in a licensing tie-up with leading German chipmaker Infineon Technologies.... ECB advises further financial integration FRANKFURT, March 28: The European Central Bank said on Wednesday that the introduction of euro had led to an increased degree of financial integration in the single currency area, but that further integration was needed in areas, such as retail banking.... Listless trading on cotton market KARACHI, March 28: Trading on the cotton market on Wednesday remained insipid as mills and spinners were conspicuous by their absence owing apparently to higher asking prices.... Azerbaijan’s oil output may double by 2010 BAKU (Azerbaijan), March 28: Azerbaijan plans to double its oil output by 2010, the energy minister said on Wednesday. Natiq Aliyev said the Caspian nation''s crude production, which stood at 32.3m... Date extended ISLAMABAD, March 28: The commerce ministry on Wednesday extended the date for submitting applications for grant of licences to existing trade organisations till May 15, 2007.... Airlines maintain travel growth GENEVA, March 28: International air travel continued to expand in February, growing by 6.8 per cent compared to the same month last year, the top airline industry association said on Wednesday.... Karachi Port operations KARACHI, March 28: Four ships carrying containers and to load cement are due to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was... Port Qasim KARACHI, March 28: Two ships to load wheat and containers were accommodated berths at QICT and MPT during the last 24 hours, said a PQA press release on Wednesday.... World trade talks prospects fading LONDON, March 28: The chances of success in the World Trade Organization''s Doha round of free-trade talks are fading, Marcos Jank, president of the Brazilian Institute for International Trade Negotiations, said on Wednesday.... MCB holds AGM KARACHI, March 28: The 59th annual general meeting of the MCB Bank Limited was held on Wednesday and was chaired by Mr. Aftab Ahmed Khan, Director, MBC Bank.... Tax on capital gains ROME, March 28: Italy''s centre-left government has proposed scrapping tax increases on capital gains from bonds and stocks, a government official said on Wednesday. The 2007 budget included a provision to... Promotion KARACHI, March 28: Six directors of the Sindh ministry of excise and taxation have been promoted to Grade-19 with immediate effect, says a notification. Those promoted are: Shoaib Ahmed Siddiqui, director,... Palm oil prices up KUALA LUMPUR, March 28: Malaysia''s palm oil futures jumped 2.2 per cent on Wednesday, with the benchmark contract hitting a fresh three-month high on gains in crude and soyaoil.... European stock markets slip LONDON, March 28: European stock markets slid on Wednesday on surging crude oil prices, after losses across other global indices, dealers said. Frankfurt''s DAX 30 index of leading shares fell 0.37... Asian stocks lower HONG KONG, March 28: Asian stocks followed Wall Street''s lead and closed lower on Wednesday with nervous investors cashing-up and taking to the sidelines ahead of a testimony by US Fed chairman Ben Bernanke.... US oil supply to offset disruption WASHINGTON, March 28: The US could use its large Strategic Petroleum Reserve to counter a short-term disruption in Middle East Gulf oil shipments caused by tensions with Iran, the head of the US Energy Information Administration said on Wednesday....

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