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March 31, 2007 Saturday Rabi-ul-Awwal 11, 1428 Managing liquidity tough job for SBP KARACHI, March 30: Huge foreign exchange inflows causing inflationary pressure has created challenge for State Bank to manage the excess liquidity that may lead to further tightening of monetary policy.... 50pc drop in fruit exports likely ISLAMABAD, March 30: The country may suffer a considerable loss in foreign exchange earnings this fiscal year as fruit exports may drop by around 50 per cent than the previous year.... Dumping duty on tiles import from China ISLAMABAD, March 30: The National Tariff Commission (NTC) on Friday imposed definitive anti-dumping duty for five years on imports of tiles into Pakistan originating in and or exported from China to provide protection to local industry.... WTO chief warns of Doha talks failure risks BARCELONA (Spain), March 30: World Trade Organisation (WTO) chief Pascal Lamy has said that a breakthrough in troubled global free trade talks is still possible, but he warned of growing risks of failure.... Stocks recover 50 points on fresh buying KARACHI, March 30: Share market on Friday was back on the rails after several lean weeks as investors covered positions at the attractively lower levels on the blue chip counters amid active trading.... Condition imposed on fabrics import from UAE KARACHI, March 30: The Central Board of Revenue (CBR) has laid down a condition of submitting certificate of origin on import of polyester fabrics from United Arab Emirates (UAE) after coming... PC reviews pace of state units’ privatization ISLAMABAD, March 30: The Privatisation Commission Board on Friday approved prequalification of parties for the privatisation of National Investment Trust Limited (NITL) and Heavy Electrical Complex (HEC) and also approved the... India raises lending rates MUMBAI, March 30: India’s central bank tightened its monetary policy again on Friday, saying it was “critical” to take action against stubborn inflation. It raised its key short-term lending rate and... Oil extends rally LONDON, March 30: Oil extended a nearly two-week rally on Friday amid escalating tensions over Iran’s capture of British military personnel and worries over US gasoline supplies ahead of summer driving season.... ZTBL chief sets Rs5bn deposit base target ISLAMABAD, March 30: Zarai Taraqiati Bank president Mansur Khan has stated that the deposit base of Rs5 billion must be achieved this year to increase the financial viability of the bank.... China-EU trade talks BRUSSELS, March 30: EU Industry Commissioner Guenter Verheugen will visit China next week for talks on economic relations as part of plans for a new partnership pact, the European Commission said on Friday.... US-Panama FTA likely WASHINGTON, March 30: US President George W. Bush notified the US Congress on Friday that he will sign the US-Panama free trade agreement, in what could be a major boost to commerce before the Panama Canal is expanded.... Dollar falls LONDON, March 30: The dollar turned lower on Friday in a sudden reversal of fortunes late in the European session, as a jittery market reacted to speculation of rising tensions in the Middle East.... Yukos assets MOSCOW, March 30: The creditors of bankrupt Russian oil firm Yukos have decided to lump all its East Siberian assets together for sale in one lot, Yukos bankruptcy receiver Eduard Rebgun told Reuters on Friday.... US data eases fears of sharp economic slowdown WASHINGTON, March 30: A raft of stronger-than-expected US economic reports on Friday, including data on personal income, inflation and manufacturing, buttressed the view that the economy was on solid footing and interest rates were unlikely to fall any time soon.... Cotton market rules firm KARACHI, March 30: Firm conditions were again witnessed on the cotton market on Friday as leading ginners managed to sell their lint at the season’s highest levels.... EU wants Russia to end Polish embargo BREMEN (Germany), March 30: The EU hopes to bring about an end to the Russian embargo on Polish meat and plant products before an EU-Russia summit on May 18, German Foreign Minister Frank-Walter Steinmeier said on Friday.... UK biodiesel plant IMMINGHAM (England), March 30: Independent oil company Greenergy''s biodiesel plant in north-east England began commercial production on Friday and should ramp up to full output in a couple of weeks, chief executive Andrew Owens said.... Karachi Port operations KARACHI, March 30: Three ships carrying containers and project cargo and to load cement are due to arrive at the outer anchorage on Saturday, according to KPT sources.... Port Qasim KARACHI, March 30: Berthing activity was slow as one container ship, Al-Wajba, was accommodated berth at QICT during the last 24 hours, said a PQA press release on Friday.... US to impose penalty tariffs on China WASHINGTON, March 30: The United States announced in an unprecedented move on Friday to impose penalty tariffs on China to offset government subsidies, as it grapples with a massive trade deficit with the world’s most populous nation.... Asian stocks mostly higher HONG KONG, March 30: Asian stocks closed mostly higher on Friday following Wall Street rise and easing concerns over the US economy but gains were capped by Middle East tension which has driven up the price of oil.... European stocks drop LONDON, March 30:Europe''s main stock markets mostly fell on Friday as oil prices remained high and amid fresh takeover announcements, dealers said. London''s FTSE 100 slid by 0.30... Indian tea exports rise KOLKATA, March 30: Tea exports from India, the world''s largest producer, rose 23.3 per cent in January from a year earlier to 13.77 million kg, the state-run Tea Board said on Friday....

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