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June 19, 2007 Tuesday Jamadi-us-Sani 03, 1428 Corporate debt market touches Rs50bn mark KARACHI, June 18: The corporate debt market, with an addition of Rs11.6 billion during the current fiscal year, has reached Rs50 billion mark, but is mostly dominated by commercial banks.... Revaluation of rupee urged to cut POL cost KARACHI, June 18: Trade has strongly demanded revaluation of the rupee to resolve major issues confronting the economy and to bring down the cost of production to make exports competitive in the world market....   No significant relief in essentials’ prices KARACHI, June 18: The measures announced in the budget 2007-08 to bring prices of essential commodities down from their peaks have failed to make any significant difference, while rates of various other commodities continue their upward march in post-budget trading.... New global futures exchange being developed LONDON, June 18: A new highly innovative futures exchange market is being developed by the world’s leading exchange centres and the latest International Financial Services London (IFSL) report released on Monday... KSE-100 share index up by 129 points KARACHI, June 18: Trading on the stock market on Monday resumed on a positive note as investors covered positions at the weekend lower levels on the oil and cement counters aided partly by the revival of foreign buying.... Oil prices rise on supply worries LONDON, June 18: World oil prices hit their highest points for more than nine months on Monday, mainly owing to concerns about fuel supplies in the United States and Nigeria, analysts said.... ICI rejects bid worth $14 billion LONDON, June 18: British chemicals group Imperial Chemical Industries (ICI) said on Monday that it had rejected a takeover offer of 7.2 billion pounds (10.7 billion euros, 14.3... EU states asked to show flexibility in WTO talks LUXEMBOURG, June 18: European Trade Minister Peter Mandelson urged the 27 EU nations on Monday to show flexibility at an upcoming meeting with major negotiating partners or risk the collapse of WTO talks.... Euro at record high against yen LONDON, June 18: The euro struck a fresh record high against the yen on Monday as expectations faded of a quick increase in Japan''s ultra-low interest rates, dealers said.... Trade policy to focus on five new sectors ISLAMABAD, June 18: Pakistan will unveil Trade Policy for the year 2007-08 on July 17 envisaging a range of measures for diversification of the export base, says Commerce Minister Humayun Akhtar Khan.... IRL expected to be ready in 2009 KARACHI, June 18: The CEO of Indus Refinery Limited (IRL), Peter J. Hamill, has said that 65 per cent of the refinery equipment has arrived in Pakistan.... Singapore’s key exports recover SINGAPORE, June 18: Singapore''s key exports recovered in May to grow 3.7 per cent from last year after declining in the previous month, boosted by a hefty jump in pharmaceuticals shipments, the government said on Monday.... Import of cotton notified ISLAMABAD, June 18: The government has notified import of long staple cotton via Wagha border from India.... Microsoft moot ISLAMABAD, June 18: The Microsoft Pakistan is arranging a “Pakistan Developer Conference, 2007” here on Tuesday.... IMF beefs up vigilance of exchange rate policies WASHINGTON, June 18: The International Monetary Fund said on Monday it is tightening the monitoring of exchange-rate policies, putting new focus on destabilising risks to the global economy.... Insipid trading on cotton market KARACHI, June 18: Physical activity on the cotton market on Monday remained insipid as spinners and mills again adhered to the sidelines apparently awaiting some positive developments on the new crop front.... No quarterly guidance to Wall Street WASHINGTON, June 18: An influential coalition of US chief executives, business groups and labour unions called on Monday for corporate America to stop providing quarterly earnings guidance to Wall Street.... Japan, Brunei sign free trade deal TOKYO, June 18: Japan and Brunei on Monday signed a bilateral free trade agreement as Tokyo seeks stable energy supplies from the oil-and gas-rich country. The agreement will lower trade barriers,... Moscow remains most expensive city LONDON, June 18: Moscow remains the most expensive city in the world for expatriate staff, according to a survey released on Monday by British human resources firm Mercer HR.... 30 acres allocated for women entrepreneurs KARACHI, June 18: A 30-acre piece of land has been allocated for women entrepreneurs at the Sindh Small Industrial Estate at the Northern Bypass. This was stated by Sindh Minister for... Karachi Port operations KARACHI, June 18: Ten ships carrying DAP fertilizer containers and to load cement, ethanol are due to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, June 18: Brisk shipping activity was witnessed at the port where three ships carrying containers, chemicals and diesel oil were allotted berths at QICT, MPT and Fotco oil terminal, respectively, during the last 24 hours, says a PQA press release.Meanwhile,... Airbus gets record orders at Paris show LE BOURGET, France, June 18: Circling fighter jets were just a sideshow on Monday to the blitz of new orders for Airbus on the first day of the Paris Air Show,... Asian stocks sharply higher HONG KONG, June 18: Asian stocks closed sharply higher on Monday following solid gains in New York at the end of last week amid a further easing of fears surrounding inflation and possible higher US interest rates.... European stocks stable LONDON, June 18: Europe’s main stock markets held steady on Monday, amid news of a 14-billion-dollar takeover bid for British chemicals group Imperial Chemical Industries. Dealers also tracked the Paris Air... Malaysian palm oil up KUALA LUMPUR, June 18: Malaysian crude palm oil futures closed 2.2 per cent higher on Monday, boosted by Indonesia’s decision to raise export taxes on palm oil and its products....

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