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April 03, 2007 Tuesday Rabi-ul-Awwal 14, 1428 Thin volumes spark protest at KSE KARACHI, April 2: About 80 to 100 investors at the Karachi Stock Exchange made what looked like a meek protest at the gates of the bourse on Monday, their major grievance being thin volumes.... Causes for slow performance in export identified ISLAMABAD, April 2: The lack of export diversification — for products and markets — is the main reason for recent sluggish performance in Pakistan’s merchandise exports, said Asian Development Bank report.... Banks fail to lure deposits for longer periods KARACHI, April 2: The booming banking sector is still unable to revive the trust of the savers as 90 per cent depositors keep their money for less than three months.... South Korea, US strike free trade deal SEOUL, April 2: The United States and South Korea agreed the biggest US trade pact for 15 years on Monday with only minutes to go before a deadline.... Stock trading fails to pick up KARACHI, April 2: The recomposed KSE 100-share index on Monday made an insipid debut as some of the leading base shares came in for stray selling in the absence of leading... Transport company for Sost dry port set up ISLAMABAD, April 2: Pakistan and Chinese authorities have agreed to establish a company under the Pak-China Sost Port Authority for transportation of cargo between the two countries.... Cement sales at record 2.1m tons in March KARACHI, April 2: Cement sales for the month of March this year crossed over 2.1 million tons, which represent improvement over already high dispatches figure of 1.96... MoU signed for SMEs promotion ISLAMABAD, April 2: The Industrial Information Network (IIN), the Smeda and the Intel Pakistan Corporation on Monday inked a memorandum of understanding (MoU) to create an awareness of how technology adoption can help businesses grow and remain competitive.... Seven parties cleared for PSO bidding ISLAMABAD, April 2: The Privatisation Commission Board on Monday decided that it should hold another meeting to see if the Attock Oil Group could be allowed to bid for the Pakistan... Oil prices mixed LONDON, April 2: World oil prices were mixed on Monday, but traded above $68 a barrel in London on supply concerns caused by the Britain-Iran sailor crisis, traders said.... Euro rises LONDON, April 2: The euro rose slightly against the dollar on Monday as traders absorbed a weaker-than-expected survey on the US manufacturing sector. Investors were cautious ahead of other economic indicators... PS sales up in March KARACHI, April 2: Pakistan Steel has achieved a great landmark by crossing the Rs3bn mark in the month of March 2007. This was announced by a spokesman for the Pakistan Steel here on Monday.... Dull trading on cotton market KARACHI, April 2: Trading on the cotton market on Monday resumed on a dull note as both spinners and mills kept to the sidelines owing to Eid-i-Miladun-Nabi celebrations and prayers.... Body set up on AJK industry’s growth ISLAMABAD, April 2: The government on Monday constituted a high-powered committee to resolve all issues impending industrialisation in Azad Jammu and Kashmir. The committee, to be headed by the AJK chief... Boost in Japan car parts sales YOKOHAMA (Japan) April 2: Japanese car parts maker Yorozu Corp. will aim to boost its group revenue by around 30 per cent over the next five or six years, with dividends... Oil blocs auction ABUJA, April 2: Nigeria, the biggest oil producer in Africa and sixth in the world, will on Tuesday announce the date for the 2007 round of bids for the oil blocs, officials said on Monday.... Takeover bid BERLIN, April 2: German energy group E.ON said on Monday that it was withdrawing its takeover bid for Spanish power company Endesa, but still hoped to buy assets from the group worth about 10 billion euros.... European company profits LONDON, April 2: European company profits will not grow at the same breakneck pace in 2007 as the past few years but fears of abrupt turn in earnings appear unfounded as a US slowdown is offset by strong economic growth elsewhere.... Turkey seeks new jewellery export markets LONDON, April 2: Turkey plans to step up efforts to break into new jewellery markets and raise its share of world trade in the face of stiff competition from China and India.... Chinese firm wins telecom contract SHANGHAI, April 2: ZTE Corp., China''s second-largest telecoms equipment maker, has won a project to build a network in Rwanda, the company said in a statement on Monday.... Karachi Port operations KARACHI, April 2: Four ships carrying containers crude oil and coal are due to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at the wharves was... Port Qasim KARACHI, April 2: Four ships to load and offload containers, wheat and chemicals were accommodated berths at QICT and MPT during the last 24 hours, said a PQA press release on Monday.... Aeroflot bids for Alitalia MILAN, April 2: Russian airline Aeroflot emerged as a surprise candidate on Monday to buy the Italian government’s stake in the loss-making Italian carrier Alitalia. The economy ministry said the Russian... Karachi market rates KARACHI, April 2: The following were Monday’s commodity market rates in rupees.... Palm oil prices lower KUALA LUMPUR, April 2: Malaysia''s crude palm oil futures slipped on Monday as prices of rival soyaoil declined and players took profits after a rally last week.... European stocks higher LONDON, April 2: Europe''s main stock markets mostly rose on Monday, boosted by takeover news in the telecoms sector, dealers said. As the second quarter began, London''s FTSE 100 index of leading shares climbed 0.32... Asian stocks mixed HONG KONG, April 2: Asian stocks closed mixed on Monday with a volatile performance by Wall Street last week, and a host of domestic factors impacting on regional sentiment.... Gold steady LONDON, April 2: Gold steadied on Monday after erasing overnight gains as a drop in oil prices lowered the metal''s appeal as an inflation hedge. Some investors preferred to lock in...

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