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May 18, 2007 Friday Jamadi-ul-Awwal 01, 1428 Sindh plans to provide 60,000 CNG rickshaws: NBP Rozgar scheme KARACHI, May 17: The Sindh government is entering into an arrangement with the National Bank of Pakistan for providing 60,000 four-stroke gas-driven rickshaws to the needy and deserving persons in the... Workers’ remittances reach record level KARACHI, May 17: Pakistan received a record $4,450.12 million as workers’ remittances during the first 10 months of the current fiscal year (July 2006 – April 2007)....   Textile, sugar sectors’ share in taxes negligible ISLAMABAD, May 17: Sugar and textile sectors’ contribution in taxes is fairly negligible though these sectors have a relatively larger share in manufacturing sector, says a study.... MOL to drill more exploratory wells ISLAMABAD, May 17: MOL, oil and gas Group of Hungary, has decided to drill more exploratory wells in Pakistan and hopes to announce further discoveries soon.... Stocks prevent larger fall on short-covering KARACHI, May 17: Stocks on Thursday passed through another lean session as liquidity problems continued to haunt investors as the SECP is silent on the KSE demand to increase the CFS limit to meet the growing demand of funds.... KSTBA wants cut in ST rate to 12pc KARACHI, May 17: The Karachi Sales Tax Bar Association (KSTBA) has asked the Central Board of Revenue (CBR) to reduce sales tax rate to 12 per cent because the present 15... Singapore exports fall SINGAPORE, May 17: Singapore''s key exports fell 0.4 per cent in April against industry expectations for a rise, dragged down by a sharp decline in electronics shipments, the government said on Thursday.... NCEL’s clarification KARACHI, May 17: Trading in three-month gold futures on the National Commodity Exchange Limited (NCEL) is steadily picking since its inauguration a couple of days earlier, says a press release.... Hubco allowed 225MW new plant KARACHI, May 17: The Hub Power Company Limited (Hubco) was issued Letter of Support (LoS) by the government on Wednesday for setting up a new power plant with net capacity of 225MW, a senior company official told Dawn on Thursday.... Indian firms want wheat imports via Wagah NEW DELHI, May 17: Private Indian firms will seek government approval to import wheat from Pakistan overland to cut costs, a top industry official said on Thursday.... Oil prices rally LONDON, May 17: World oil prices rallied on Thursday as the market focused on problems at US refineries ahead of the high-demand season for motor fuel, and unrest in crude producer Nigeria, traders said.Crude... Dollar gains LONDON, May 17: The dollar strengthened against the euro and hit a three-month high against the yen on Thursday, as US weekly jobless claims data came in well below expectations.... Livestock production up 30pc in 10 years ISLAMABAD, May 17: Pakistan’s total animal production has grown by 30 per cent in 10 years (1996-2006) compared with 21 per cent in the previous decade of 1986-1996, says Pakistan Livestock... CBR suffers Rs60bn revenue loss in nine months ISLAMABAD, May 17: The Central Board of Revenue (CBR) has suffered a revenue loss of about Rs60 billion in the first nine months of this fiscal year due to various factors... Trading picks up on cotton market KARACHI, May 17: Physical activity on the cotton market on Thursday showed signs of revival as some of the spinners resumed normal covering operations against their forward sales but well below the ginner asking prices.... Humayun stresses FTA with EU to fight poverty Rome, 17 May: The European Union needs to engage with Pakistan over a Free Trade Agreement (FTA) if it is serious about promoting regional security in South Asia, says Humayun Akhtar Khan, Pakistan''s commerce minister.... Key players meet to salvage WTO talks BRUSSELS, May 17: Major trading powers met here on Thursday for a marathon session aimed at salvaging World Trade Organisation (WTO) talks to boost global commerce, a European Union source said.... Import of used cars drops by 25.7pc ISLAMABAD, May 17: Import of used cars and jeeps declined by 25.7 per cent to 16,782 units during the July-March period of the current fiscal year as against 22,583 units imported in the corresponding period last year.... Japan leaves interest rates unchanged TOKYO, May 17: Japan’s central bank left its interest rates unchanged on Thursday but flagged future rises to ensure sustainable growth, possibly even if consumer prices continue to fall.... Karachi Port operations KARACHI, May 17: Three ships carrying general cargo and containers are due to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was modest where four ships, Y.M.... Port Qasim KARACHI, May 17: Normal shipping activity was witnessed at the port where three ships carrying containers were allotted berths at QICT during the last 24 hours, says a PQA press release.... Power project ISLAMABAD, May 17: Atlas Power Limited, a company of the Atlas Group, on Thursday signed two contracts for engineering, procurement and construction and operation and maintenance of a 225-MW power plant... Asian stocks close higher HONG KONG, May 17: Asian stocks closed higher on Thursday, extending gains on the back of another record finish on Wall Street after the latest data on the key US housing market gave sentiment a boost, dealers said.... European shares rebound LONDON, May 17: Europe''s main stock markets rebounded on Thursday, lifted by takeover speculation and positive broker comment, and after Wall Street hit fresh high points overnight, dealers said.... Palm oil up KUALA LUMPUR, May 17: Malaysian crude palm futures ended marginally higher on Thursday as the market expected healthy export growth to continue this month, dealers said.... Reserves KARACHI, May 17: Pakistan''s foreign exchange reserves rose by $49.8 million to a record $13,782.8 million in the week ending May 12, the central bank said on Thursday....

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