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April 22, 2007 Sunday Rabi-us-Sani 04, 1428 Banks offer loan with reduced mark-up: Wheat procurement KARACHI, April 21: The Sindh Food Department has managed to secure a competitive interest rate for the current quarter of April to June on the loan it sought from the consortia... Prices of 26 items register increase ISLAMABAD, April 21: The Sensitive Price Index (SPI) increased by 0.27 per cent during the week ending April 20, over the previous week, according to the weekly price data released by the Federal Bureau of Statistics (FBS) here on Saturday.... KSE capital multiplies 10 times in five years KARACHI, April 21: The paper value of corporate Pakistan has seen an incredible growth of 10 times in the last five and a half years from Rs343 billion at the fag... Indian team arrives to discuss tea trade KARACHI, April 21: An Indian tea delegation arrived in Lahore to hold talks with the representatives of Pakistan tea industry aimed at augmenting tea trade between the two countries.... Textile exports up by 7 per cent in 9 months ISLAMABAD, April 21: Export of textile products geared up to $8.027 billion mark in the first nine months (July-March) of the current fiscal year up 7.01... State Bank cuts yield on 10-year bonds KARACHI, April 21: The State Bank set a cut-off yield of 10.1332 per cent on the benchmark 10-year investment bond at an auction on Saturday, down from 10.1988pc previously.... Customs detain 1,000 imported vehicles KARACHI, April 21: The customs authorities have detained over 1,000 commercial vehicles at the Karachi port following government decision to disallow import of large size vehicles under new SRO-1, issued on March 17, 2007, official sources disclosed on Saturday.... WTO states plan to intensify tariff talks GENEVA, April 21: WTO member states have decided to intensify talks on lowering customs tariffs despite the absence of agreement between the four key players, the United States, the European Union, India and Brazil, known as the G4.... Competition body authorised to conduct raids KARACHI, April 21: The Competition Commission now in process of formation will have the authority to carry out “dawn raids’’ and its members or officers will be allowed to enter and... Demand for financing under CFS up sharply KARACHI, April 21: The CFS investment on the Karachi Stock Exchange last week swelled to Rs54.3 billion, close to the cap of Rs55bn, as demand for funds showed sharp increase following strong mid-week rally on stock market.... Market abuse BERLIN, April 21: European Union finance ministers may target private equity funds as well as hedge funds in their drive to tighten regulations to shore up the financial system against financial crises, a document showed on Saturday.... Auto makers finalise budget proposals ISLAMABAD, April 21: Auto manufacturers on Saturday finalised tariff and non-tariff recommendations for consideration in the upcoming budget of 2007-08.... Modest buying on cotton market KARACHI, April 21: The weekend session witnessed a modest physical activity on the cotton market as some of the spinners needing immediate supplies purchased fine lots at the ginners’ asking prices.... Productivity rise good for Italian economy BERLIN, April 21: Italian productivity is finally picking up after years of stagnation, suggesting the country’s firms are restructuring and boding well for economic growth, Bank of Italy Governor Mario Draghi said on Saturday.... Protocol to boost trade with Kazakhstan ISLAMABAD, April 21: Pakistan and Kazakhstan have signed a protocol to enhance economic cooperation in various sectors to enhance the volume of bilateral trade, besides holding single-country exhibitions on reciprocal basis.... EU-US accord on transatlantic economic partnership BERLIN, April 21: The European Union and the United States have approved a plan to bolster the transatlantic economic partnership, to be signed at the next EU-US summit.... US Treasury chief pleads for strong dollar WASHINGTON, April 21: US Treasury Secretary Henry Paulson has reiterated his call for a strong dollar while urging China to let its currency appreciate faster against the greenback.... Mineral export KINSHASA, April 21: Mineral exports from Congo''s eastern Kivu provinces should start to resume next week after the government halted them to enforce rules on processing and transportation, a local official said on Saturday.... Karachi Port operations KARACHI, April 21: Seven ships carrying palm oil and containers are due to arrive at the outer anchorage on Sunday, according to KPT sources.... China to build cement plant in Yemen SANAA, April 21: China''s Sinoma International on Saturday signed a deal with a private Yemeni-Saudi firm to build a 1.6 million tons per year cement plant in the Arab state, the firms said.... Car makers unveil new models at Shanghai show SHANGHAI, April 21: Global automakers roared into China this week unveiling their hottest new models and revving sales forecasts for what many believe will be the world''s largest car market in the years ahead.... Dollar near historic lows against euro, pound NEW YORK, April 21: The dollar firmed slightly against other currencies on Friday but remained close to its all-time low against the euro and 26-year lows against sterling as traders consolidated ahead of the weekend.... Dow 13,000 in sight despite some doubts NEW YORK, April 21: Surging share prices on Wall Street over the past week have put the 13,000 level in sight for the Dow blue-chip index even though some analysts see momentum fading.... Global mobile phone sales slow WASHINGTON, April 21: Global mobile phone shipments slowed during the first three months of the year, but market leader Nokia still shipped over 90 million handsets, an industry survey showed on Friday.... Iran says oil finds total 3.6bn barrels TEHRAN, April 21:Iran has discovered a total of 3.6 billion barrels of in-place oil reserves in the past 3-4 months in the country''s south, the official IRNA news agency quoted the head of the state oil company as saying on Saturday.... Foreign oil firms in Libya assume local identities TRIPOLI, April 21: Large foreign firms working in Libya''s oil industry have had to change their names to new ones reflecting the country''s history and geography, the National Oil Corporation said on Saturday.... Zimbabwe gets Chinese farm machinery HARARE, April 21: Zimbabwe received farm machinery worth $25 million from China on Saturday in a deal to replace equipment damaged when President Robert Mugabe''s government seized white-owned farms to resettle landless blacks.... World crude oil prices slump, tin hammers record LONDON, April 21: World oil prices slid this week on news that US refiners were rushing to convert crude into gasoline, or petrol, ahead of the driving season, but losses were limited by geopolitical concerns....

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