DAWN - Business; April 07, 2007

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April 07, 2007	Saturday	Rabi-ul-Awwal 18, 1428

Informal sector rules lawn market KARACHI, April 6: The lawn market is virtually ruled by semi-organised or unorganised mills and by those market players who lift fabric for further dyeing and printing, mainly in the Punjab because of low prices....		Indicators showing inflationary pressures KARACHI, April 6: All major monetary indictors are pointing towards the high inflation trend prevailing in the economy as shown by the latest figures issued by the State Bank....
New trade law sharply divides businessmen KARACHI, April 6: Prime Minister Shaukat Aziz’s meeting with the leadership of the Federation of Pakistan Chambers of Commerce and Industry on Friday in Islamabad to hear their complaints and grievances...		Turkey seeks increase in trade volume QUETTA, April 6: Turkish Ambassador to Pakistan, Mr Engin Soysal, has underlined the need for increasing the trade volume between Pakistan and Turkey to $1 billion annually....

Stocks extend overnight rally KARACHI, April 6: Stocks on Friday remained in the tight grip of bulls for the second session in a row as investors were not inclined to miss the bandwagon led by...		PM approves development of port city in Balochistan ISLAMABAD, April 6: Prime Minister Shaukat Aziz on Friday approved in principle the concept for the development of a new self-contained port city on the Balochistan coast which will provide business,...

EU, US aim to seal WTO talks by early 2008 BRUSSELS, April 6: The European Union and United States plan to set early 2008 as a target for wrapping up negotiations in the Doha round of global trade talks, a media report said on Friday, quoting a draft EU-US declaration....		CBR rejects Aptma proposal for IT waiver ISLAMABAD, April 6: The Central Board of Revenue (CBR) has turned down the proposal of the textile industry seeking exemption of income tax on export proceeds....

China to implement gradual reforms BEIJING, April 6: China will implement gradual reforms to its exchange rate while keeping the yuan stable, a top central bank official said. In his remarks, Assistant Central Bank Governor Yi...		Russia rejects ‘gas Opec’ plans MOSCOW, April 6: Russia’s energy minister on Friday poured scorn on suggestions that gas exporters would announce a “gas Opec” at a meeting in Qatar next week, pledging that Russia would never take part in such an organisation....

China plans 12 highways to boost trade BEIJING, April 6: China plans to build 12 highways linking its desert northwest with Central Asia and regions as far as Turkey to boost trade, a government news agency said on Friday....		Dollar rallies NEW YORK, April 6: The dollar rose broadly on Friday, hitting a fresh five-week high against the yen, as a surprisingly strong US jobs report reinforced the view the Federal Reserve will not cut interest rates in the near term....

Gazprom seeks energy assets MOSCOW, April 6: Russian gas monopoly Gazprom wants to buy into OGK-5 and TGK-5 when the state privatises the two electricity firms, a source close to the company said on Friday....		Prices stay bullish on cotton market KARACHI, April 6: Cotton market on Friday maintained bullish trend as prices were quoted further higher by Rs25 per maund for an average quality of lint....

US economy creates 180,000 new jobs WASHINGTON, April 6: An acceleration in US employment growth in March resulted in 180,000 new jobs, the government said on Friday in a sign that the economy is more robust than some had anticipated....		Vehicle sales SHANGHAI, April 6: Top European auto-maker Volkswagen AG said on Friday its vehicle sales in mainland China and Hong Kong rose 23 per cent in the first quarter from a year earlier....

Karachi Port operations KARACHI, April 6: Seven ships carrying chemical, wheat and general cargo are due to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was...		Port Qasim KARACHI, April 6: Berthing activity was brisk a the port where five ships to load/offload containers, rice, seeds, edible oil and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Friday....

Russia bans poultry imports MOSCOW, April 6: Russia banned all poultry imports from the US state of West Virginia after an outbreak of H5N2 bird flu virus, the agriculture inspection department said....		Joint bid for Alitalia MOSCOW, April 6: The Russian airline Aeroflot is to hold talks next week with Air France-KLM on a possible joint bid for the troubled Italian carrier Alitalia, the newspaper Vedomosti reported on Friday....

Asian stocks little changed in quiet holiday trade HONG KONG, April 6: Asian stocks were little changed in quiet holiday business Friday, with most bourses closed while those that were open traded cautiously ahead of key US jobs data due later in the day, dealers said....		215 firms privatised in Myanmar YANGON, April 6: Myanmar''s government has privatised more than 200 state-owned enterprises since it began opening up the economy a decade ago, a senior official said on Friday....

Malaysian palm oil up on supply worry, rising exports KUALA LUMPUR, April 6: Malaysian crude palm oil futures closed almost 1 per cent higher on Friday, lifted by rising exports and concerns over supplies. The benchmark third-month June contract on...		China issues tax rules on foreign banks BEIJING, April 6: China on Friday published tax rules on foreign banks'' local incorporation, adding further clarity to the conditions under which overseas lenders'' operations will operate....