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April 20, 2007 Friday Rabi-us-Sani 02, 1428 Regulator turns down request for enhancement: CFS financing limit KARACHI, April 19: The Securities and Exchange Commission of Pakistan (SECP) on Thursday expressed its inability to entertain KSE’s request for enhancement of CFS amount from the currently capped limit of Rs55 billion.... GHPL awarded offshore exploration licence ISLAMABAD, April 19: The government on Thursday granted an exploration licence to state-run Government Holdings Private Ltd. (GHPL) for an offshore block in the Arabian Sea, the Ministry of Petroleum and Natural Resources said.... Import of Chinese tiles plunges on NTC action KARACHI, April 19: The import of Chinese tiles has plunged by 50 per cent following the imposition of definitive anti-dumping duty of 24 per cent for five years by the National Tariff Commission (NTC) to provide protection to local industry.... Oil prices mixed amid supply concerns LONDON, April 19: World oil prices rose on Thursday in London on geopolitical worries over key crude producer Iran but fell in New York as American refineries ramped up their production of motor fuel, traders said.... Workers fund to promote training facilities KARACHI, April 19: The Minister of State for Finance Omar Ayub Khan, who also heads Competitiveness Support Fund (CSF), agreed to look into the proposal to allow the private sector to... MoU with Chile on agriculture signed ISLAMABAD, April 19: Chile is ready to open its market to Pakistani agricultural products months after both the governments opened their diplomatic missions in Santiago and Islamabad.... Argentina, Pakistan to cooperate in S&T ISLAMABAD, April 19: Pakistan and Argentina have agreed to cooperate in identified areas of science and technology.... ACCA seeks reduction in sales tax rate KARACHI, April 19: The Association of Chartered Certified Association (ACCA) has lauded government’s impressive economic performance in last four years when an average growth rate of 6.6... Plan to seek investment in agriculture ISLAMABAD, April 19: Official planners have finalised an "action plan" that sought to attract sizable local and foreign investment by removing impediments in industry, agriculture and the services sectors.... Stocks shed 68 points on profit-selling KARACHI, April 19: Stocks on Thursday took a long overdue technical breather but ready absorption of selling at dips reflected that the current run-up was not overdone.... New oil contract LONDON, April 19: London’s Intercontinental Exchange (ICE) oil market said on Thursday it would launch a new crude oil contract next month for sour crude from the Middle East.... Malaysia to support palm oil industry KARACHI, April 19: Malaysian Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui has said that Pakistan is the third largest importer of palm oil after China and the EU.... Euro trade close to record high LONDON, April 19: The euro traded close to its record high against the dollar on Thursday while the Chinese yuan surged to its strongest reading against the US currency since is revaluation in July 2005.... Reserves KARACHI, April 19: The total liquid foreign reserves held by the country stood at $13,590.7 million here on April 14, State Bank of Pakistan said here on Thursday.... US weirdly silent in face of dollar slide WASHINGTON, April 19: The dollar’s slide against the euro and sterling has left US authorities silent, with analysts saying the weak greenback may be a benefit for Washington and its preoccupation with Asia.... Sluggish trading on cotton market KARACHI, April 19: Trading on the cotton market on Thursday remained sluggish as buyers and sellers strictly adhered to their rigid positions in line with their parity levels.... Karachi Port operations KARACHI, April 19: Nine ships carrying soyabean oil, DAP fertiliser and to load clinker and ethanol are due to arrive at the outer anchorage on Friday, according to KPT sources.... Russian billionaires MOSCOW, April 19: The fortunes of Russia’s 100 richest people leapt by over a third in 2006, growing nearly six times faster than the economy as a whole, the Russian edition of Forbes magazine said on Thursday.... India targets big rise in exports NEW DELHI, April 19: India aims to boost exports by nearly 30 per cent to $160 billion in this financial year despite a surging currency, the government said on Thursday.... HP holds technology event KARACHI, April 19: Hewlett-Packard (HP) on Thursday held its annual technology event at a local hotel to promote its new products and ideas.... China records 11.1pc growth BEIJING, April 19: China''s economy grew a blistering 11.1 per cent in the first quarter of 2007, the government said on Thursday as it called for fresh measures to put the country on a more sustainable course.... Asian stocks tumble HONG KONG, April 19: Asian stocks closed sharply lower on Thursday with markets gripped by fears that runaway growth in China has gotten out of hand and would dictate further intervention by Beijing.... Malaysian palm oil higher KUALA LUMPUR, April 19: Malaysian crude palm oil futures jumped 3.2 per cent on Thursday as the market expected better export numbers in data due to be released on Friday from cargo surveyors.... Sugar falls to 16-month low LONDON, April 19: Sugar futures slumped to a 16-month low on Thursday while copper and gold were hit by worries about Chinese growth and oil rose on Iranian tension....

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