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April 08, 2007 Sunday Rabi-ul-Awwal 19, 2007 Pakistan may become wheat flour exporter KARACHI, April 7: Pakistan can become a new market leader in wheat flour exports on harvesting bumper wheat of around 22.5 million tons as per government estimates.... Generators’ sale rising amid power failures KARACHI, April 7: Generator market players anticipate good sales this summer following surge in demand as electricity providers have already resorted to unannounced power outages across the country.... US likely to delay BIT with Pakistan ISLAMABAD, April 7: The United States is likely to further delay the Bilateral Investment Treaty (BIT) with Pakistan rather than softening its stance on certain clauses, as the two sides have... Finalisation of competition policy urged: WB offers assistance ISLAMABAD, April 7: The World Bank has asked Pakistan to speed up the finalisation of its “Competition Policy” which will be ensuring prudent and transparent business practices in the country.... Opec emerges successful in price strategy RIYADH, April 7: Is another round of crude price spiral round the corner? Are we heading towards the $70 and 80 mark experienced last year? Oil market prices have bounced back.... Cut in price, ST on steel products proposed ISLAMABAD, April 7: The steel industry has proposed a range of measures including scaling down of sales tax rate in the upcoming budget to revise downward the price of steel products.... Reserves hike has no big impact on China SHANGHAI, April 7: China''s third increase in bank reserve requirements so far this year will have little impact on the lending business of Bank of China as market liquidity remains ample, a senior executive said on Saturday.... Russia keen to supply locomotives, coaches ISLAMABAD, April 7: Economic relations between Russia and Pakistan need to be further improved in this age of economic dependence and globalisation. This was stated by the minister for railways, Sheikh... Stake in power plants MUSCAT, April 7: India’s state-run National Thermal Power Corp., its largest power producer, on Saturday offered Omani investors a stake in projects requiring a total investment of $3.8... Prices of 15 kitchen items rise ISLAMABAD, April 7: Price of 15 essential kitchen items including tomatoes have registered substantial increase during the week ended on April 6, 2007 over the previous week, statistics division said on Saturday.... US action against China likely WASHINGTON, April 7: The United States is to take China before the World Trade Organisation this week in a copyright piracy row, the latest of several US trade moves against the Asian giant, a report said on Saturday.... CFS rates touch 6-month low KARACHI, April 7: The CFS rates on the Karachi Stock Exchange last week dropped to a six-month low of 11.8 per cent owing to comfortable liquidity position prevailing on the fixed income market.The... Budget preparation ISLAMABAD, April 7: The Central Board of Revenue (CBR) has constituted a revenue committee for the budget preparation of 2007-08, said a notification issued here on Saturday.... Monetary funds RAMALLAH, West Bank, April 7: A New York court has ordered $30 million in Palestine Monetary Authority funds unfrozen and allowed it to resume operations in the United States after a court fight stemming from a 1996 Hamas attack.... Oil, metals hit record highs LONDON, April 7: World oil prices jumped to almost $70 a barrel during a shortened trading week, owing to heightened tensions over Iran’s capture of 15 British sailors ahead of their release.... Listless trading on cotton market KARACHI, April 7: Physical business on the cotton market on Saturday shrank to a modest proportion as spinners and mills were not inclined to buy at the higher asking prices.... Karachi Port operations KARACHI, April 7: Over a dozen vessels carrying cars, general cargo and to load naphtha are expected to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, April 7: Three more ships with containers, diesel oil and edible oil arrived at the outer anchorage during the last 24 hours, said a PQA press release on Saturday.... US firm WASHINGTON, April 7: Vonage Holdings Corp. has said the company will be able to continue making full use of Verizon Communications patents for making phone calls over the Internet after winning temporary relief from an appeals court.... China Mobile plans new subsidiary SHANGHAI, April 7: The parent of China Mobile (Hong Kong), the country''s top cellphone operator, plans to set up a new subsidiary to run the third-generation wireless network, state media reported on Saturday.... Philippines told to attract more investment MANILA, April 7: The Philippines must concentrate on attracting more investment to combat the entrenched problem of unemployment if it wants to sustain its economic growth, the World Bank warned.... Exchange rate changes are helpful, says IMF WASHINGTON, April 7: Changes in real exchange rates can play a helpful role alongside the rebalancing of demand in the adjustment of global imbalances, says an IMF report released with its semi-annual World Economic Outlook.... WB shake-up looming, says Wolfowitz LONDON, April 7: World Bank president Paul Wolfowitz said the aid agency will reduce or drop some activities to focus on areas where it can be more effective, in an interview with a British newspaper published on Saturday.... Iran says no plans for ‘gas Opec’ cartel TEHRAN, April 7: Gas exporting countries are not seeking to create a gas cartel like Opec but want to cooperate more to ensure international markets are securely supplied, a senior Iranian official was quoted as saying on Saturday.... New York stocks post gains NEW YORK, April 7: The US stock market posted healthy gains in the past week and market participants are voicing optimism following a stronger-than-anticipated report on the job market.... China wants fast-track free trade talks with S. Korea BEIJING, April 7: Chinese Premier Wen Jiabao has called for talks with South Korea on a free trade area to be fast-tracked ahead of his visit to Seoul next week, state press reported on Friday.... G7 unlikely to focus on yen TOKYO, April 7:Group of Seven finance chiefs are likely to discuss currencies at their meeting in Washington next week but will not focus on the weakness of the yen, Japanese Finance Minister Koji Omi said on Friday.... Commodity exchange DUBAI, April 7: The Dubai Multi Commodities Centre (DMCC) said on Saturday it would introduce a trading platform for pearls, which once dominated the Gulf''s economy before oil exports.... Reliance to sign gas pacts in 2-3 months NAVI MUMBAI, April 7: India''s Reliance Industries Ltd will finalise sales agreements in the next few months for natural gas from its deep sea fields off the country''s east coast, a senior official said on Saturday.... HK power company imposes new charges HONG KONG, April 7: A Hong Kong power company has come under attack for imposing huge charges on users who want to link “green” energy generators to the city''s electricity grid, a report said on Saturday....

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