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April 19, 2007 Thursday Rabi-us-Sani 01, 1428 Credit to private sector down by 24 per cent KARACHI, April 18: The private sector which has been a real engine for pulling economic wheals during the last three years slowed down absorbing the liquidity needed to keep on moving with high economic growth.... SECP okays unified trading system for ISE, LSE ISLAMABAD, April 18: After months of delay the Securities and Exchange Commission of Pakistan (SECP) has finally approved the Unified Trading System (UTS) of the Islamabad and Lahore stock exchanges.... Lahore agenda for securing Doha deal adopted: Cairns Group meeting concludes LAHORE, April 18: The Cairns Group adopted the Lahore Agenda at the conclusion of its 31st Ministerial Meeting on Wednesday with a resolve to devote its efforts to “outreach to urge... Consensus unlikely by year-end LAHORE, April 18: Cairns Group Chairman Hon Warren Truss on Wednesday said the Doha Development Round negotiations were unlikely to be concluded by the end of this year, but hastened to... Stocks add 187 points on brisk foreign buying KARACHI, April 18: The KSE 100-share index on Wednesday confidently added another about 200 points to the barrier of 12,000 aided by heavy buying in the oil and banking shares on... Indian HC urges Safta compliance ISLAMABAD, April 18: The Indian High Commissioner Satyabrata Pal on Wednesday criticised Islamabad’s stand on South Asia Free Trade Agreement (Safta) for trade through positive list with India, which he termed violation of the treaty.... Indian made Nokia sets not accepted by users KARACHI, April 18: The authorised cell phone distributors have asked the world’s leading cell phone manufacturer not to ship Indian made Nokia sets into Pakistan as consumers may not like it.... Pakistan’s forex ratio to external debt falling ISLAMABAD, April 18: The ratio of Pakistan’s foreign exchange reserves to its short-term external debt is shrinking, said United Nations’ Economic and Social Survey of the Asia and Pacific 2007.... Consumer prices up MOSCOW, April 18: Russian consumer prices grew 0.3 per cent in the first half of April and are likely to rise by 0.6 per cent in the month as a whole, First Deputy Central Bank Chairman Alexei Ulyukayev said on Wednesday.... India enjoys record level of takeovers LONDON, April 18: The value of Indian-backed foreign takeovers hit a record in 2006 due to Tata Steel''s purchase of Anglo-Dutch steelmaker Corus, according to data published on Wednesday that highlighted the financial firepower of corporate India.... East Asia to grow 5.7pc SINGAPORE, April 18: Economies in East Asia will grow 5.7 per cent in 2007 with China spearheading the region despite slowing growth in the United States, a major market for Asian exports, a regional think-tank said Wednesday.... Oil prices ease despite fall in US stocks LONDON, April 18: World oil prices sank on Wednesday after another weekly fall in US motor fuel reserves was overshadowed by news that US refineries have accelerated production following recent maintenance.... Euro hits new high LONDON, April 18: The euro surged past the $1.36-level for the first time since December 2004 on Wednesday while sterling hit a near 26-year high against the dollar on fears for US economic prospects.... Price war continues on cotton market KARACHI, April 18: The standoff between the spinners and ginners on the price issue continued on Wednesday as ginners were in no mood to lower their asking prices.... Exporters asked to mention correct HS codes ISLAMABAD, April 18: The Trade Development Authority of Pakistan (TDAP) has advised exporters to mention correct HS code on goods declaration (GDs) forms for availing the facilities based on export performance.... EU threatens WTO action against China BRUSSELS, April 18: EU trade chief Peter Mandelson toughened up Europe''s line on China''s “patchy” protection of intellectual property rights on Wednesday, raising the prospect of WTO action against Beijing.... London becomes major hedge fund centre LONDON, April 18: London''s share of global hedge fund assets increased from 10 per cent to 21 per cent between 2002 and 2006 making London one of the fastest growing hedge... Karachi Port operations KARACHI, April 18: Five ships carrying chemicals, containers and to load rice are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, April 18: Two container ships accommodated berths at QICT during the last 24 hours, said a PQA press release on Wednesday. Meanwhile, two more ships carrying furnace oil and chemicals also arrived at the outer anchorage.... Japan, Asean pledge free trade deal in May TOKYO, April 18:Japan and the Association of Southeast Asian Nations (Asean) vowed on Wednesday to try and work out the broad framework of a free trade deal next month, Japanese officials said.... Workshop on jewellery trade KARACHI, April 18: Pakistan Initiative for Strategic Development and Competitiveness (PISDAC) is organising a one day workshop in Karachi on Thursday and another two-day workshop on Friday and Saturday in Lahore on hallmarking for Pakistani jewellers.... Elected KARACHI, April 18: Zubyr Soomro, managing director and country officer Citigroup Pakistan and Waqar A Malik, chief executive ICI Pakistan have been elected as president and vice-president, respectively, of Overseas Investors... Asian stocks close mixed HONG KONG, April 18: Asian stocks closed mixed on Wednesday with investors continuing to consolidate positions despite sharp gains on Wall Street overnight amid an easing of jitters over interest rates.... Malaysian palm oil lower KUALA LUMPUR, April 18: Malaysian crude palm oil futures fell 2 per cent on Wednesday, extending losses as rival soybean oil declined and the ringgit strengthened against the dollar.... European shares fall LONDON, April 18: European stock markets dropped on Wednesday as the euro and sterling raced to multi-year highs against the dollar, sparking concerns for companies with exposure in the United States, dealers said.... Karachi market rates KARACHI, April 18: The following were Wednesday’s commodity market rates in rupees....

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