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April 05, 2007 Thursday Rabi-ul-Awwal 16, 1428 Govt asked to improve IPR practices: Attracting FDI ISLAMABAD, April 4: The official planners have advised the government to improve Intellectual Property Rights (IPR) and dispute settlement mechanisms without which it would be difficult to attract sizable Foreign Direct Investment (FDI) in the country.... Fishermen fearing fall in prices: EC ban on seafood KARACHI, April 4: The fishermen community fears decline in rates of seafood items when the EC ban comes into effect from April 12, while the exporters and trawler owners appear not highly worried about losing the European Union market.... Hefty 5.1pc cut in aid to poor states in 2006 LONDON, April 4: Total official development assistance (ODA) from the rich to the poor countries fell by a hefty 5.1 per cent in 2006 to $103.9... US delays law on trade zones in tribal areas ISLAMABAD, April 4: The United States has delayed the passage of legislation for establishment of reconstruction opportunity zones (ROZs) in the economically-deprived pro-Taliban areas on both sides of Pakistan-Afghan border, Dawn has learnt.... Stocks falter as support turns shy KARACHI, April 4: Share market on Wednesday failed to extend the Tuesday’s snap rally as follow-up support turned shy in the absence of strong institutional support and other positive supporting factors.... Bill for trade bodies approved ISLAMABAD, April 4: The National Standing Committee on Commerce on Wednesday approved Trade Organisation Bill 2006 aiming to abolish fake and dummy trade organisations.... Oil prices mixed on Iran issue, US data LONDON, April 4: World oil prices were mixed on Wednesday after news that major crude producer Iran had decided to free 15 British sailors and official data that showed stockpiles of US motor fuel fell heavily last week.... Indian rupee near 8-year high against $ NEW DELHI, April 4: The Indian rupee surged to a near eight-year high against the dollar on Wednesday as commercial banks sold the US currency to generate cash to meet new higher deposit requirements.... Korean envoy for two-way trade growth KARACHI, April 4: The consul-general of the Republic of Korea, Sukehul Chang, has said that Pakistan’s rich natural resources and well-trained manpower and advanced technical know-how of his country can work miracles in economic development of both the countries.... Acquisition of banks promoting competition LAHORE, April 4: The State Bank of Pakistan (SBP) expects foreign banks to acquire 47 per cent of Pakistan’s banking assets by the end of this year.... Meeting for revival of Doha talks next week ISLAMABAD, April 4: Major players of the multilateral trading system are meeting next week in New Delhi to invent new methods to achieve a breakthrough in the stalled WTO Doha round talks for reaching a successful conclusion.... Thailand-Japan deal BANGKOK, April 4: Thailand expects big gains for its exports after signing a free trade deal with Japan, which analysts said Wednesday would reassure skittish investors about doing business in the kingdom.... Export house for SMEs KARACHI, April 4: Union of Small and Medium Enterprises (Unisame) has sought the permission of the Trade Development Authority of Pakistan (TDAP) for setting up of SME Export House.... Euro gains against dollar, yen LONDON, April 4: The euro climbed against the dollar on Wednesday after a survey by the Institute of Supply Management showed slower-than-expected growth in the US service sector in March.... Clarification KARACHI, April 4: A news-item, titled “Kazakh envoy sees vast scope of trade”, carried on business pages on March 15, 2007, by mistake carried the name of Kazakhstan instead of Kyrgyz Republic.... Cotton prices hit eight-year high KARACHI, April 4: Cotton prices on Wednesday soared to an eight-year high level as some of the leading textile groups indulged in panic buying and finalised big deals at Rs2,800 per maund.... Karachi Port operations KARACHI, April 4: Six ships carrying containers and to load rice and cement are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, April 4: Six ships to load and offload containers, wheat, carbon oil and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Wednesday.... Google on cellphones KARACHI, April 4: The LG Electronics and the Google on Wednesday teamed up to pre-install Google’s services on millions of LG mobile phones which enable cellphone users around the world to... Telecom contract KARACHI, April 4: Motorola, Inc has been awarded a four-year full-operations and managed services contract by Warid Telecom for its GSM and Canopy ® networks in major cities and sub-districts in the eastern part of Bangladesh.... Palm oil prices up KUALA LUMPUR, April 4: Malaysian crude palm oil futures climbed 1.4 per cent on Wednesday to new eight-year highs as a slowdown in supplies aroused concern, dealers said.... Transparent procurement manual at Port Qasim KARACHI, April 4: The Port Qasim Authority (PQA), with the assistance of Transparency International-Pakistan, has developed a procurement manual to ensure transparency in port’s procurement procedures and tender documents to comply with the PPRA rules 2004....

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