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April 12, 2007 Thursday Rabi-ul-Awwal 23, 1428 Shipowners seek parallel registry KARACHI, April 11: Port and shipping experts have urged the government to allow private shipowners to opt for second or parallel registry on the pattern of many European countries.... A/C dealers expecting good sales KARACHI, April 11: Assemblers of split air-conditioners are not highly optimistic regarding the prospects of sales during the current year. They indicate that the market has a carryover stock of around 200,000 units of split A/Cs from last year.... UBL to issue $200m bond KARACHI, April 11: United Bank (UBL) has decided to issue international bond to raise its capital and the officials expected to finalise the issue within 3 months.... KCDR resolves 3 commercial disputes KARACHI, April 11: The Karachi Centre for Dispute Resolution (KCDR), after coming into operation in February this year, has, so far, settled three commercial cases out of 12 presented before them for mediation.... Bull-run continues on stock market KARACHI, April 11: Stocks on Wednesday remained in a bullish frame of mind as leading institutional traders and foreign investors continued to build up long positions on the cement, banks and... IMF sees global growth at 4.9pc WASHINGTON, April 11: The world economy is poised for a fifth year of “robust” growth but faces headwinds from a US housing slowdown and financial market instability, the International Monetary Fund said on Wednesday.... Bank Al Habib posts flat earnings growth KARACHI, April 11: The Bank Al Habib Limited posted almost a flat earnings growth for the three months ended March 31, amounting to Rs420 million, translating into earnings per share (eps) at Rs1.14.... Yields on treasury bills raised KARACHI, April 11: The State Bank again raised the cut-off yields on six- and 12-month treasury bills in an auction here on Wednesday. The yield on 6-month papers was moved up to 8.90pc... New $500m bond for budgetary support ISLAMABAD, April 11: Pakistan will shortly make another issue of global dollar bonds to raise over $700 million funds for general budgetary support, according to an official statement.... Euro hits record high against yen LONDON, April 11: The euro struck a record high against the yen on Wednesday, buoyed by bright eurozone growth prospects and doubts about whether world finance chiefs will try to shore up Japan’s currency later this week, dealers said.... Oil prices jump on fall in US stocks LONDON, April 11: World oil prices climbed on Wednesday after official data showed US gasoline stockpiles slumped last week by much more than expected, ahead of the peak demand season for motor fuel.... Attock Oil case hearing adjourned KARACHI, April 11: Justice Mrs Qaiser Iqbal of the Sindh High Court adjourned the hearing of a suit instituted by Attock Oil Company against its exclusion from the bidding process of the Pakistan State Oil.... G7 states maintain uneasy silence PARIS, April 11: G7 capitals maintained an uneasy silence on Wednesday as no-shows by Germany and China compounded the impression that little of consequence could happen when the world''s industrialised powers meet on Friday in Washington.... Depressed trading on cotton market KARACHI, April 11: Trading activity on the cotton market on Wednesday remained cheerless as spinners were not enthusiastic buyers at the higher asking prices owing to their export parity levels.... Pakistan to attend oil ministers’ moot RIYADH, April 11: Pakistan will be taking part in the second roundtable conference of Asian oil and energy ministers to be held in Riyadh on May 2.... Karachi Port operations KARACHI, April 11: Four ships carrying containers, crude oil and to load general cargo are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, April 11: Three ships to load containers and cement were berthed at QICT and MPT during the last 24 hours, said a PQA press release on Wednesday.... Engineering sector’s development assured ISLAMABAD, April 11: Abdul Hafeez Chaudhary, chief executive officer, Engineering Development Board, has assured that the government will continue policy initiatives taken for development of the engineering sector.... Islamabad to participate in Saudi IT exhibition ISLAMABAD, April 11: The Pakistan Software Export Board (PSEB) has completed preparations to participate in ‘GITEX Saudi Arabia’, the third largest IT exhibition of the world, being held in Riyadh from April 15-19.... Flexible currency NEW YORK, April 11: The Federal Reserve chairman, Ben Bernanke, said on Wednesday it would be in China''s best interest to move toward a more flexible currency.... Australia optimistic about Doha round CANBERRA, April 11: Australia remains optimistic top trade officials will be able to rescue stalled world trade talks, but a deal will need to be finalised within 12 months, Trade Minister Warren Truss said on Wednesday.... Asian stocks close mixed HONG KONG, April 11: Asian stocks closed mixed on Wednesday with the broad tone remaining positive after slight gains on Wall Street overnight helped Seoul, Jakarta and Shanghai to close at record highs.... European stocks climb LONDON, April 11: Europe''s main stock markets advanced on Wednesday, as investors focused on takeover news after slim pickings overnight on Wall Street and earlier in Tokyo, analysts said.... Malaysian palm oil up KUALA LUMPUR, April 11: Malaysian crude palm oil futures closed 1.6 per cent higher on Wednesday, setting fresh eight-year highs as tight supplies and strong exports continued to fuel the market.... Dubai exchange DUBAI, April 11: Dubai''s futures exchange said on Wednesday it would begin trading Indian rupee contracts within two months. The Dubai Gold and Commodities Exchange launched the Middle East''s first currency futures in June, trading euro-dollar, yen-dollar and sterling-dollar contracts.... Karachi market rates KARACHI, April 11: The following were Wednesday’s commodity market rates in rupees....

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