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March 30, 2007 Friday Rabi-ul-Awwal 10, 1428 SECP grills 36 brokers: Stock market crash KARACHI, March 29: The Securities and Exchange Commission of Pakistan (SECP) has grilled 36 of the 88 brokers, who were served (show-cause) notices after the release of forensic report on the stock market crash of March 2005.... Foreign firms show interest in Gwadar port KARACHI, March 29: A number of port users have shown keen interest in the country’s third port at Gwadar which was inaugurated by President General Pervez Musharraf on March 20.... WB for improving compliance on disclosures ISLAMABAD, March 29: The World Bank has urged the Securities and Exchange Commission of Pakistan (SECP) to "do more" to increase compliance with respect to immediate disclosure of large party related transactions, beneficial ownership and control by shareholders and companies.... Govt focusing on US, EU markets: PM: Expo Pakistan inaugurated KARACHI, March 29: Prime Minister Shaukat Aziz said here on Thursday that the government was improving communication, infrastructure, reforming investment regulations and facilitating export industry to accelerate economic development in the country.... Stocks stay easy as investors keep to sidelines KARACHI, March 29: Leading shares on the Karachi Stock Exchange on Thursday came in for modest short-covering at the lower levels but failed to put the market back on the rails as leading financial institutions again adhered to the sidelines.... Companies expect continuous rise in price level ISLAMABAD, March 29: About 80 per cent of the firms reported that general price level increased during last six months of the year and 75 per cent expected it to continue rising in the next six months, reveals a survey.... CBR to create tax-friendly environment KARACHI, March 29: Chairman Central Board of Revenue Mr Abdullah Yousuf reiterated on Thursday government’s commitment to support business by creating a friendly tax environment and helping by way of cutting... US begins review of Pakistan’s IPR regime ISLAMABAD, March 29: The United States has started review of Pakistan’s Intellectual Property Rights (IPR) regime as part of the special 301 annual review. An official told Dawn on Thursday that... New deputy governor of SBP KARACHI, March 29: Mr Yaseen Anwar, a senior global banker, assumed the charge of deputy governor of State Bank of Pakistan on Thursday. Mr. Anwar’s appointment as deputy governor has been notified for three years.... Oil prices rebound LONDON, March 29: World oil prices soared on Thursday, rebounding above $67 a barrel in London after Iran decided against releasing a female British sailor detained with 14 male colleagues.... US economic growth WASHINGTON, March 29: The US economy expanded at a 2.5 per cent annualised pace in the fourth quarter of 2006, a bit faster than earlier estimates, revised data showed on Thursday.... Insipid conditions on cotton market KARACHI, March 29: Cotton market on Thursday passed through another dull trading session in the absence of falling ready demand both from the mills and spinners.... East Europe emerges new market for kinno exports ISLAMABAD, March 29: Production of citrus fruit, including kinno, witnessed a drastic decrease this year as compared to last year’s harvest of over two million tons, says an official report.... New hopes of deal in South Korea-US trade talks SEOUL, March 29: Hopes grew on Thursday that a deal on a free trade agreement between South Korea and the United States could be reached by a weekend deadline.... Kazakhstan seeks Russian involvement in oil pipeline ASTANA, March 29: Oil-rich Kazakhstan is interested in a planned oil pipeline route from Ukraine to northern Europe but wants Russia to be involved, President Nursultan Nazarbayev said on Thursday.... ABL holds AGM KARACHI, March 29: The Allied Bank Limited held its 61st Annual General Meeting on Thursday in which shareholders approved the accounts. According to an official statement, the shareholders of the bank... Karachi Port operations KARACHI, March 29: Eight ships carrying vehicles, containers and to load cement and molasses are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, March 29: Three ships carrying edible oil and coke were accommodated berths at MPT, Fotco Terminal and IOCB during the last 24 hours. Meanwhile, another container ship also arrived at the outer anchorage.... Asian stocks close higher HONG KONG, March 29: Asian stocks shrugged off another weak performance by Wall Street to close mainly higher on Thursday with investors confident that the regional economic prospects remain solid.... Palm oil ends unchanged KUALA LUMPUR, March 29: Malaysia''s crude palm oil futures closed nearly unchanged on Thursday as the market awaited March export numbers due to be released by cargo surveyors at the weekend.... European stocks rebound LONDON, March 29: European stock markets rallied on Thursday, as oil prices cooled and amid fresh takeover talk and positive company earnings, dealers said. In late morning trading, London''s FTSE 100 rose by 0.60... Karachi market rates KARACHI, March 29: The following were Thursday’s commodity market rates in rupees....

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