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May 01, 2007 Tuesday Rabi-us-Sani 13, 1428 11,500 units have 50pc daily wage earners KARACHI, April 30: Of the 2.5 million workers employed in over 11,500 industrial units in the four main industrial estates of the city, more than 50 per cent are either daily wage earners or are employed on contractual basis.... KSE index at new high on foreign buying KARACHI, April 30: The KSE 100-share index on Monday hit its all-time high record level at 12,369.70 on aggressive foreign buying on some selected counters aided by announcement of healthy results by leading companies.... Regulations for loan recovery bodies proposed KARACHI, April 30: The Banking Ombudsman has suggested the State Bank of Pakistan to draft a suitable set of instructions for the banks in Pakistan to regulate private loan recovery agencies... Banks’ profits up by 24pc KARACHI, April 30: Banks succeeded to maintain high profitability in the first quarter of 2007 driven by the rising interest rates income mainly on account of high banking spread.... Banks urged to raise deposit rates KARACHI, April 30: State Bank of Pakistan (SBP) is advising commercial banks to raise deposit rates and not to charge excessively over premium on lending, said SBP Governor Dr Shamshad Akhtar on Monday at the Federation House.... BP mulls bidding for PSO stakes LONDON, April 30: A leading UK oil company British Petroleum (BP) has emerged as a front-runner to win a controlling stake of Pakistan State Oil (PSO) in a deal worth around $600 million, reports “The Times.”... Two barges, a dredger inducted in KPT flotilla KARACHI, April 30: Prime Minister Shaukat Aziz said on Monday that with the induction of a dredger and two barges by the Karachi Port in its flotilla, the country would be able to improve its logistics.... Aziz assures consistency in policies KARACHI, April 30: Underlining the importance of a well-functioning financial sector for macro-economic stability, Prime Minster Shaukat Aziz on Monday said that banking sector in Pakistan had been transformed into vibrancy thereby driving the economic growth in the country.... WTO issues farm draft paper to develop consensus ISLAMABAD, April 30: The World Trade Organisation (WTO) on Monday issued a draft text on agriculture to start a process to provoke comments from member countries on where consensus might be... Financial adviser ISLAMABAD, April 30: A meeting of the Board of Privatisation Commission, which was held here on Monday under the chairmanship of Zahid Hamid, Federal Minister for Privatisation and Investment approved the... Lint buyers foresee decline in prices KARACHI, April 30: Trading on the cotton market on Monday resumed on an insipid note as leading spinners kept to the sidelines apparently anticipating further decline in prices.... Revenue collection rises to Rs646.8 billion ISLAMABAD, April 30: Revenue collection rose to Rs646.882 billion in 10 months (July-April) period of the current fiscal year as against the target of Rs645.2 billion set for the same period, an increase of 0.26... Bourses’ office in Peshawar, Quetta urged ISLAMABAD, April 30: Chairman Securities and Exchange Commission of Pakistan Raziur Rehman here on Monday advised the stock exchanges to open up their offices in Peshawar and Quetta keeping in view the rising demand for stock investments in those areas.... Tax reforms conference ISLAMABAD, April 30: The CBR will hold two-day national conference in Karachi to seek feedback from stakeholders on the steps taken as part of tax administration reform programme (TARP).... Asian stocks mostly lower HONG KONG, April 30: Asian stocks closed mostly lower on Monday as investors shrugged off last week''s record close on Wall Street and instead focussed on slowing US economic data and monetary policy in China.... Karachi Port operations KARACHI, April 30: Six ships carrying containers and to load ethanol and naphtha are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....

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