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April 13, 2007 Friday Rabi-ul-Awwal 24, 1428 Gwadar to have world’s fifth Coast Centre: Pact with UAE firm QUETTA, April 12: The Balochistan government and a United Arab Emirates firm —HRC — signed an agreement on Thursday under which Gwadar Coast Centre (GCC) would be established for the development of the port city.... Pakistan GDP seen growing at 7.5 per cent KARACHI, April 12: Pakistan economic growth could expand by more than what the government estimates and it could be 7.5 per cent, Merrill Lynch said in a report released on Thursday.... Govt to recover Rs12bn Wapda dues from KESC: No cut in supplies ISLAMABAD, April 12: The government on Thursday decided to recover Wapda’s over Rs12 billion arrears from Karachi Electric Supply Corporation (KESC) in non-coercive manner and without power cuts, and restore all... Wholesale prices jump by 7pc in 9 months ISLAMABAD, April 12: The wholesale price of commodities has increased by 7.02 per cent during the July-March of the current fiscal year over the same period of last year.... Stocks enter consolidation phase KARACHI, April 12: Share market on Thursday consolidated previous gains as investors have an overview of their inventories before making fresh commitments but profit-selling was well-absorbed as was reflected by a... WTO nations set new deadline to reach deal NEW DELHI, April 12: Top trade representatives from six key member-nations of the World Trade Organisation (WTO) on Thursday proposed a new year-end deadline to revive and complete negotiations on a treaty to further liberalise global commerce, a joint statement said.... IMF seals draft deal with Turkey WASHINGTON, April 12: The International Monetary Fund said on Thursday it had reached a preliminary deal with Turkey allowing the country to access billions of dollars in standby credit.... PJMA seeks import of machinery from India LAHORE, April 12: Pakistan’s jute industry can earn foreign exchange through exports if the government provides incentives that are given to other export-oriented sectors.... Oil prices rise LONDON, April 12: Global crude prices extended gains on Thursday, breaching $63 a barrel in New York, as traders weighed up a heavier-than-expected fall in stockpiles of US gasoline, dealers said.... CPI up 7.67pc in March ISLAMABAD, April 12: Led by a double-digit increase in food inflation, the overall consumer prices jumped again to 7.67 per cent in March 2007 over the same month last year, Federal Bureau of Statistics (FBS) said on Thursday.... Services sector exports up ISLAMABAD, April 12: The services sector exports were up by 4.42 per cent in the first eight months (July-February) of the current fiscal year over the same month of the last year, Federal Bureau of Statistics (FBS) said on Thursday.... Euro gains LONDON, April 12: The euro was buoyed on Thursday in the wake of comments by European Central Bank president Jean-Claude Trichet that signalled the ECB’s next interest rate rise would likely come in June.... Reserves KARACHI, April 12: The total liquid foreign reserves held by the country stood at $13,577.5 million on March 31, 2007, says a press release of the SBP issued here on Thursday.... IMF advice WASHINGTON, April 12: Latin American economies have come a long way in improving their abilities to withstand shocks but need to open themselves further to the global marketplace and broaden their tax bases, IMF Managing Director Rodrigo Rato said on Thursday.... Cotton market lacks lustre KARACHI, April 12: Cotton market on Thursday lacked normal trading interest as spinners and mills remained conspicuous by their absence owing partly to higher asking prices by the ginners.... Eurozone growth set to continue FRANKFURT, April 12: The outlook for growth in the 13-country eurozone remains favourable and there are still upside risks to price stability in the single currency area, European Central Bank President Jean-Claude Trichet said on Thursday.... Karachi Port operations KARACHI, April 12: Berthing activity on Thursday on the Karachi port was maintained on the higher side as port agencies tried to clear the inward rush of foreign flag vessels.... Port Qasim KARACHI, April 12: Six ships scheduled to load/offload containers and chemicals, diesel oil and iron ore were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... China reserves BEIJING, April 12: China announced on Thursday its forex reserves, already the world''s largest, had surpassed $1.2 trillion, reflecting the central bank''s struggle to keep the nation''s currency from soaring.... Rates steady JOHANNESBURG, April 12: South Africa''s central bank held its repo rate steady at nine per cent on Thursday in line with expectations. Reserve Bank Governor Tito Mboweni told a press... Opec oil exports to rise LONDON, April 12: Opec oil exports, excluding new member Angola, will rise by 210,000 barrels per day in the four weeks to April 28, an analyst who estimates future exports said on Thursday.... Asian stocks close mixed HONG KONG, April 12: Asian stocks closed mixed and tending lower on Thursday following falls on Wall Street and fears the United States could still raise interest rates to combat inflation.... London sugar higher LONDON, April 12: London white sugar futures touched a 2-1/2-week high on Thursday, lifted by trade short covering and structural activity before the expiry of the front-month May contract on Friday.... Palm oil lower KUALA LUMPUR, April 12: Malaysian crude palm oil futures closed 0.6 per cent lower on Thursday as soyaoil declined and players booked profits after a rally that boosted prices to eight-year highs....

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