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April 14, 2007 Saturday Rabi-ul-Awwal 25, 1428 10,000 users seek change of mobile operator: MNP facility KARACHI, April 13: An estimated 10,000 port-in and port-out requests have been lodged all over the country by cellphone users of all the five operators since the commercial launch of the mobile number portability (MNP) from March 26.... Shaukat okays insurance policy ISLAMABAD, April 13: Prime Minister Shaukat Aziz on Friday approved new insurance sector policy which aims at increasing penetration, removing impediments to insurance industry development and outline a more rational role... FTO promises action on delay in ST refunds KARACHI, April 13: Federal Tax Ombudsman (FTO) Justice (retd) Munir A Sheikh has assured exporters that he will take suo motu action against the freight forwarders for issuing wrong house bill... Body formed to find new role for NTC ISLAMABAD, April 13: The government on Friday constituted a four-member committee to recommend a plan for reinventing and determining new role for the National Tariff Commission (NTC).... Stocks finish weekend session with good gains KARACHI, April 13: Stocks on Friday maintained their upward drive as investors were not inclined to take even a technical breather in an overbought market and judiciously followed the lead of foreign investors and punters.... Mexico agrees to resolve rice ban issue ISLAMABAD, April 13: Pakistan and Mexico have agreed to find solution to the issue of more than a decade old ban on the import of Pakistani rice to Mexican market.... US trade deficit falls WASHINGTON, April 13: The US trade deficit fell slightly to $58.4 billion in February, as the balance of trade with China improved and petroleum costs dipped, the Commerce Department reported on Friday.... G7 states discuss currency volatility WASHINGTON, April 13: Global finance chiefs were to mount a fresh bid on Friday to narrow gaps on economic and currency policy at talks clouded by a growing scandal looming over World Bank President Paul Wolfowitz.... Export-based industrial policy under study ISLAMABAD, April 13: The government is considering an "export-oriented industrial policy" which seeks further tariff rationalisation and proposes freight subsidy and duty-free import of raw material.... Oil price nears $70 LONDON, April 13: The price of Brent North Sea crude hit a seven-month high of $69.59 a barrel on Friday on concerns that current oil supplies may be insufficient to meet demand, traders said.... Euro high against dollar LONDON, April 13: The euro rose to $1.3534 on Friday in early European trading, reaching the highest level since January 3, 2005 on expectations of rising eurozone interest rates, dealers said.... Gas discovery SUKKUR, April 13: The OMV has successfully discovered and tested gas in its Latif 1 exploration well in the Latif Exploration Block in Northern Sindh. This is an additional discovery in... Trading picks up on cotton market KARACHI, April 13: After several lean sessions, the trading on cotton market on Friday picked up momentum as spinners covered their forward positions at the lower rates.... India can make or break Doha Round: US NEW DELHI, April 13: India can “make or break” the Doha global trade talks, the United States said on Friday, as it urged cooperation among all nations to clinch a deal.... US-China trade war fears exaggerated WASHINGTON, April 13: Worries that recent US trade actions against China signal an impending trade war between the two countries are “way overblown,” US Commerce Secretary Carlos Gutierrez said on Friday.... Farmers’ group plans anti-WTO convention ISLAMABAD, April 13: The Sustainable Agriculture Action Group (SAAG) — a network for consumer society organisations for sustainable and rights-based agriculture in Pakistan — will hold a convention next week to resist anti-farmer policies of the World Trade Organisation (WTO).... Economic reforms WASHINGTON, April 13: Latin American governments — more than 10 of whom were elected last year — are committed to economic policy reform, International Monetary Fund Western Hemisphere director Anoop Singh said on Friday.... Appointment KARACHI, April 13: Board of directors of Gillette Pakistan has appointed Saad Amanullah Khan as chief executive officer. He will be responsible for building the Gillette business in Pakistan, which includes successful brands such as Gillette, Braun, Duracell and Oral B.,... Karachi Port operations KARACHI, April 13: Six ships including a car carrier carrying 110 units are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... Eurobonds MOSCOW, April 13: Alfa-Bank, Russia''s largest privately-owned bank, plans to issue eurobonds worth $500 million in late May or early June, a banking source said on Friday.... Asian stocks lower HONG KONG, April 13: Asian stocks closed mostly lower on Friday with investors consolidating ahead of the G7 finance ministers meeting in Washington later in the day, and a slew of US economic data out due next week.... Malaysian palm oil gains KUALA LUMPUR, April 13: Malaysian crude palm oil futures climbed 2 per cent on Friday, fired by speculative buying ahead of the weekend and concerns over a slowdown in supplies.... European stock markets higher LONDON, April 13: Europe''s main stock markets rose on Friday, with the energy sector lifted by higher crude oil prices, dealers said. However, gains were capped by investor caution ahead of... Gold prices LONDON, April 13: Gold rose by just $1 on Friday despite a sharp drop in the dollar and firm oil prices, and analysts said the metal was vulnerable to profit-taking due to its failure to hold key levels....

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