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April 25, 2007 Wednesday Rabi-us-Sani 07, 1428 Limits of banks’ board defined KARACHI, April 24: The State Bank of Pakistan on Tuesday issued fresh instructions, saying no member of the board of directors of a bank or DFI holding five per cent or... CBR allows adjustment of inter-tax liabilities ISLAMABAD, April 24: The Central Board of Revenue (CBR) has allowed adjustment of liabilities of one tax against refund of another to facilitate businessmen.... Stealing of accessories rampant at West Wharf: Imported second-hand vehicles KARACHI, April 24: Precious accessories of imported used cars, jeeps and sports utility vehicles (SUVs) are being stolen at the Karachi Port and finding their way into the markets.... JS ABAMCO announces results KARACHI, April 24: JS ABAMCO Limited posted after tax earnings of Rs212 million, translating into earning per share (eps) of Rs2.12 for the nine months ended March 31, 2007.... Oil prices dip despite Nigeria tensions LONDON, April 24: World oil prices fell heavily on Tuesday, despite market nerves over lost production in Nigeria, the world’s sixth biggest exporter of crude.... Export of mango to US delayed ISLAMABAD, April 24: Pakistan will have to wait for at least 18 months to formally start export of mangoes to United States because of legal delays on the part of Washington.... MoU on trade with Poland KARACHI, April 25: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Polish Chamber of Commerce and Industry (PCCI) have signed a memorandum of understanding (MoU) aimed at... Loan for power supply MANILA, April 24: The Asian Development Bank (ADB) said on Tuesday it has approved a loan of $620 million to ensure a sustainable power supply in the Indian state of Madhya Pradesh.... Financing for 225-mw power plant KARACHI, April 24: The Halmore Power Generation Company has mandated the HSBC Bank Plc, Czech Export Bank and Askari Commercial Bank Limited to arrange a comprehensive debt financing package for a power plant.... KSE 100-share index up by 135 points KARACHI, April 24: Stocks on Tuesday were back on the rails as bulls fought back and drove bears out boosted by dividend related strong buying on selected counters amid an active trading.... Big drop in US home sales WASHINGTON, April 24: US home sales plummeted dramatically last month, marking the biggest monthly fall in over 18 years and dashing hopes the market was poised to rebound, new industry figures showed on Tuesday.... Debt retired SOFIA, April 24: Bulgaria has paid back all its outstanding debt to the IMF early in a move to make the emerging economy less vulnerable to external risks, the finance ministry said on Tuesday.... Trading picks up on cotton market KARACHI, April 24: Trading on the cotton market on Tuesday showed signs of revival as some of the spinners covered positions after ginners lowered their selling prices.... WTO sets up panel on EU-India dispute GENEVA, April 24: The World Trade Organisation agreed on Tuesday to take up the European Union''s complaint on Indian import duties on wines and spirits, a WTO spokesman said.... Karachi Port operations KARACHI, April 24: The berthing activity at the Karachi Port is expected to gather fresh momentum as 10 ships carrying containers and to load cement and naphtha are due to arrive on Wednesday.... British oil giant profit falls 17pc LONDON, April 24: British oil giant BP on Tuesday reported a 17 per cent slide in first-quarter net earnings on lower crude prices and a fall in production.... Thai exports rise BANGKOK, April 24: Thailand''s exports surged to a record high in March, soaring 18.4 per cent year-on-year to over $13.1 billion, despite the strength of its baht currency, the commerce ministry said on Tuesday.... S. Korea invites US investors SEOUL, April 24: South Korea plans to invite US investors to an industrial estate this year in an effort to expedite foreign investment, officials said on Tuesday.... UK calls for clear rules, openness with Russia LONDON, April 24: Britain called on Tuesday for “clear rules and openness” with Russia to help foster burgeoning trade and investment between the countries while expressing concerns over the threat of economic nationalism.... Ratification of free trade deal urged WASHINGTON, April 24: US President George W. Bush and visiting Peruvian President Alan Garcia urged the US Congress on Monday to approve a US-Peru free trade deal that lawmakers in Lima ratified one year ago.... Asian stocks close mostly lower HONG KONG, April 24: Asian stocks followed Wall Street''s lead and closed mostly lower on Tuesday with investors consolidating positions on the back of recent sharp gains and ahead of corporate earnings releases.... European stocks drop LONDON, April 24: Europe''s main stock markets dropped on Tuesday after a weak performance by Wall Street overnight, while among individual share prices British directory publisher Yell dived 21 per cent....

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