DAWN - Business; August 19, 2007

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August 19, 2007	Sunday	Sha’aban 5, 1428

Government borrows $15 billion in 4 years: $40bn debt, liability KARACHI, Aug 18: The government has borrowed a staggering amount of over $15 billion in the last four years as country’s total debt and liabilities reached $40 billion mark, reveals the latest data issued by the State Bank....		China may become world’s No 2 exporter BEIJING, Aug 18: China is on track to overtake the US as world’s second-largest exporter this year, Xinhua news agency quoted a senior official as saying on Saturday, and could top Germany as world’s leading exporter next year....

Equities investors advised to hold on LONDON, Aug 18: Nervous investors should wait before selling their shares amid the panic on world stock markets that has been sparked by US housing woes, the British media reported on Saturday....		Pressure on US economy grows LONDON, Aug 18: The Federal Reserve, America’s central bank, made a dramatic intervention to support share prices on Friday as it took fright that this week’s meltdown in global financial markets could tip the United States into recession....

Country specific strategy to boost exports urged ISLAMABAD, Aug 18: In view of country’s declining exports, the Trade Development Authority of Pakistan (TDAP) is likely to prepare a ‘country-specific strategy’ for each product for an effective international marketing....		Pakistan, US to check IPR violations ISLAMABAD, Aug 18: The United States said on Saturday it would continue to cooperate with Pakistan in checking Intellectual Property Rights (IPR) violations by imparting modern training techniques to its law enforcement officials....

China holds talks with Kazakhstan on energy ASTANA, Aug 18: Chinese President Hu Jintao and Kazakh counterpart Nursultan Nazarbayev pledged to expand energy ties at a state meeting on Saturday at the end of Hu’s week-long tour of the region....		Zarai Bank to give Rs5bn for boosting milk output ISLAMABAD, Aug 18: Zarai Taraqqiati Bank Limited (ZTBL) and Nestle Pakistan here on Saturday signed an agreement to provide Rs5bn to farmers in loans under the “White Revolution Scheme” to increase milk production....

ROZs to help promote industrial expansion ISLAMABAD, Aug 18: Prime Minister Shaukat Aziz said on Saturday that the proposed establishment of reconstruction opportunity zones (ROZs) would provide more duty-free market access to Pakistani products in US....		Service sector exports up 9.4 per cent ISLAMABAD, Aug 18: The services sector exports went up by 9.44 per cent in 2006-07 over last year, Federal Bureau of Statistics (FBS) said on Saturday....

CFS rates suffer fresh pruning KARACHI, Aug 18: The CFS rates suffered fresh fall on the Karachi Stock Exchange last week as demand for funds further shrank owing to turmoil on the world bourses, said Muhammad Ali, an analyst at a research house....		Foreign firm to invest in mining ISLAMABAD, Aug 18: Tethyan Copper Company is willing to invest in mining sector in Balochistan and has sought official permission for opening up its liaison offices there to execute business activities....

Ministerial moot with Libya ISLAMABAD, Aug 18: Pak-Libya Joint Ministerial Conference will be held in November to work out measures for increasing trade between the two countries....		Active buying on cotton market KARACHI, Aug 18: Active trading was witnessed on the cotton market on Saturday as spinners continued covering their forward positions at the lower rates followed by reports of pest attack in Punjab cotton belt and fears of damage to standing crop....

Indian govt targets 10m tourists in 2010 NEW DELHI, Aug 18: India aims to double its tourist numbers to 10 million in 2010 when it hosts the Commonwealth Games, a report said on Saturday....		Payments to Swissair creditors from Nov GENEVA, Aug 18: Creditors of the bankrupt airline Swissair will probably start to receive payments for the first time in November, six years after the airline’s spectacular collapse, the company’s liquidator said Saturday....

Egypt to buy stakes in Kuwaiti firm KUWAIT, Aug 18: Egypt’s Suez Cement has agreed to buy 47 per cent of Hilal Cement Co. in a deal that values the Kuwait-based firm at 25 million dinars ($88.62...		US may allow access to Mexican trucks WASHINGTON, Aug 18: Some Mexican trucks will be allowed to carry cargo anywhere in the US as soon as a US inspector general certifies safety and inspection plans, the administration of President George W....

Metal prices slump, oil rises LONDON, Aug 18: Metals prices plunged this week as traders sold heavily investments in gold and copper owing to fears of a global economic slowdown caused by the ongoing US housing crisis....		Asia’s coal supply squeeze to worsen BRISBANE, Aug 18: Asia’s thermal coal supply squeeze, which has driven spot prices to record highs of over $72 a ton, is set to worsen next year as Indonesia and Australia struggle to meet feverish demand growth in China and India....

Market woes show need for more transparency: Merkel BERLIN, Aug 18: Recent turbulence on global markets has highlighted the need for greater transparency, particularly when it comes to hedge funds, German Chancellor Angela Merkel was quoted as saying on Saturday....		Govt spending adds to high investment levels BEIJING, Aug 18: Too much government revenue is being used for urban construction and other fixed-asset investments, making it difficult to rein in China''s rapid economic growth, Xinhua news agency reported on Saturday, citing a government think-tank official....

Karachi Port operations KARACHI, Aug 18: Six ships carrying containers, coal and to load ethanol and cement are expected to arrive at the outer anchorage on Sunday, according to KPT sources....		Port Qasim KARACHI, Aug 18: Three ships carrying containers and edible oil were accommodated berths at QICT and Multi Purpose Terminal during the last 24 hours, said a PQA press release on Saturday....