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April 11, 2007 Wednesday Rabi-ul-Awwal 22, 1428 Trade deficit widens to $9.985bn in nine months ISLAMABAD, April 10: Pakistan’s trade deficit widened to highest ever $9.985 billion in the first nine months (July-March) of this fiscal, up by 15.1 per cent from $8.674... Standard Chartered to start trading from Friday KARACHI, April 10: The long wait by investors appears to be coming to an end as the Standard Chartered Bank (Pakistan) Limited is finally to begin trading on the Karachi Stock Exchange (KSE) from Friday (April 13).... Divergent views on birdflu impact KARACHI, April 10: Stakeholders in the poultry industry offer conflicting views regarding the expected impact on the broiler live bird sales after the detection of birdflu cases in Karachi farms in layer birds.... Oil prices bounce back LONDON, April 10: World oil prices rebounded on Tuesday after plunging a day earlier on profit-taking, as key crude producer Iran again tested Western nerves, analysts said.The... ECO states urged to share Pakistan’s experience: Privatisation ISLAMABAD, April 10: Pakistan has a wealth of experience in the privatisation field. Its privatisation transactions over the years have ranged from simple denationalisations — whereby nationalised entities were returned to... Plan to promote public-private partnership ISLAMABAD, April 10: The government plans to offer new fiscal and policy incentives to promote the much-needed public private partnership in energy, roads, airports, ports and shipping, water and sewerage sectors.... Oil shares lead upward drive on foreign buying KARACHI, April 10: The KSE 100-share index on Tuesday briefly crossed the psychological barrier of 11,800 points on active foreign and institutional support in the oil shares aided by the new exploration policy, but failed to sustain it on late-selling.... Dividend payment PARIS, April 10: Directors at European aerospace giant EADS said on Tuesday they had failed to reach agreement on paying shareholders a 2006 dividend, underlining a crisis at the group and its aircraft manufacturing subsidiary Airbus.... US inflation undesirably high, says Fed official BRIDGEWATER (Va.), April 10: US inflation is undesirably high but the Federal Reserve has anchored inflation with actions that have kept price rises low and stable, Fed Governor Frederic Mishkin said on Tuesday.... China not to attend G7 meeting BERLIN, April 10: China will not take part in a meeting of Group of Seven finance ministers in Washington this week organised by G7 president Germany, a spokesman for the finance ministry said here on Tuesday.... US experts seek positive China trade strategy WASHINGTON, April 10: As Washington steps up trade sanctions against China, a group of US experts called on Tuesday for greater integration of the Asian giant into the global economy, including membership in the G8 club of wealthy nations.... Citigroup set to announce heavy job cuts NEW YORK, April 10: Global banking behemoth Citigroup is on the verge of announcing a major overhaul of its operations that will see over 26,000 jobs eliminated or reassigned, according to US media reports on Tuesday.... Steady trend on cotton market KARACHI, April 10: Cotton market on Tuesday maintained a firm trend as ginners did not lower their asking prices and held on to their unsold positions hoping apparently fresh increase in prices.... Egypt, Russia to create industrial zone CAIRO, April 10: Egypt and Russia signed a memorandum of understanding on Tuesday to establish an industrial zone on the Mediterranean coast to manufacture Russian automotive, aircraft and engineering products.... Kuwaiti bank mulling merger KUWAIT, April 10: Commercial Bank of Kuwait, the country''s fourth largest lender by market value, said on Tuesday it was considering merger, takeover and other approaches from foreign and local investors.... Singapore economy growing rapidly SINGAPORE, April 10: Singapore''s economy expanded strongly in the first quarter, helped by a recovering construction industry, and should easily meet the government''s 2007 growth target of 4.5-6.5... Karachi Port operations KARACHI, April 10: Ten ships carrying crude oil, steel, general cargo and to load cement are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, April 10: Four ships carrying containers, crude oil and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Tuesday.... China’s trade surplus falls BEIJING, April 10: China''s trade surplus fell sharply in March, customs figures showed on Tuesday, as the government claimed efforts to curb exports and soothe angry trading partners were finally kicking in.... Orders slump WASHINGTON, April 10: The subsidence plaguing the foundations of the US housing market deepened on Tuesday as America’s biggest homebuilder, D.R. Horton, Inc., reported a hefty 37pc slump in new home orders.... Malaysian palm oil up KUALA LUMPUR, April 10: Malaysian crude palm oil futures closed almost one per cent higher on Tuesday at new eight-year highs as strong exports and a decline in reserves boosted the market.... European stocks rebound LONDON, April 10: Europe''s main stock markets climbed on Tuesday, lifted by merger news and solid gains for miners, as traders returned to their desks after the Easter break, dealers said.Markets...

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