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August 28, 2007 Tuesday Sha’aban 14, 1428 Local prices drop with arrival of Indian sugar LAHORE, Aug 27: The ex-mill rate of local sugar eased to Rs27.60 per kg on Monday as the government dispatched samples of Indian sweetener arriving via Wagha for quality check.... Internship scheme hits snags in Sindh KARACHI, Aug 27: The National Internship Programme launched with much fanfare in May this year was not able to maintain its appeal in Sindh as reflected by the lukewarm response from the youth....   Soaring prices curtail demand for food items: Religious occasions KARACHI, Aug 27: The demand for various commodities particularly milk, dry fruits, ghee, suji, maida etc., on the occasion of Shab-e-Barat has been contracting over the last few years which is... Banks to open 20pc branches in rural areas KARACHI, Aug 27: It has been made mandatory for banks to open branches in rural areas to provide banking access to the people who are still in a majority as compared to urban population.... Stocks falter below 12,000-level on profit-taking KARACHI, Aug 27: The KSE 100-share index on Monday breached through the barrier of 12,000 points at 11,955.26 on active profit-selling on all the blue chip counters and leading analysts said... US hopes Apec will boost trade talks WASHINGTON, Aug 27: A meeting between President George W. Bush and Asia-Pacific leaders early next month in Australia could help set the stage for a long-awaited world trade deal, a top US trade official said on Monday.... Submission of cement scam report postponed ISLAMABAD, Aug 27: The Monopoly Control Authority (MCA) has postponed submitting of a vital report to the government on the cement scam that involved an artificial increase in prices earlier this... Export of grey fabric falls by 34.7pc LAHORE, Aug 27: Export of grey fabric from Pakistan fell by 34.7pc in June as over 2.5 million spindles have closed, said the All-Pakistan Textile Association (Apta) on Monday.... Borse Dubai expresses interest in KSE DUBAI, Aug 27: State-run Borse Dubai said on Monday it would be interested in acquiring a stake in the Karachi Stock Exchange if and when members of Pakistan''s biggest bourse agree to turn it into a company.... Lack of investment delays operations: Gwadar Port KARACHI, Aug 27: The Gwadar Port Authority (GPA) and Gwadar Port Implementation Authority (GPIA) are shifting the responsibility for signing the novation agreement with Port of Singapore Authority International and AKD thereby causing delay in its operation, official sources said.... China plans $925m energy fund BEIJING, Aug 27: China will this year launch a fund with 7 billion yuan ($925 million) to spend on energy-saving projects such as efficient lightbulbs as it seeks to curb soaring demand for power, Chinese media reported.... Body set up to develop shipbuilding industry ISLAMABAD, Aug 27: President Gen Pervez Musharraf on Monday said shipbuilding industry could become the country’s great asset due to its potential and would contribute to the uplift of national economy.... Rupee at four-month low against dollar KARACHI, Aug 27: The rupee fell to a four-and-a-half month low on Monday on increased dollar demand for import payments, as well as outflows from foreign investors selling holdings in the country’s stock market, dealers said.... Procedures for zero-rate raw material import notified ISLAMABAD, Aug 27: The Federal Board of Revenue (FBR) has notified procedures for import of raw materials on zero per cent to be used in the manufacturing of eighteen products.... Brisk trading on cotton market KARACHI, Aug 27: Trading on the cotton market on Monday resumed on a steady note as spinners and mills continued to cover their positions against forward sales to a number of countries.... Karachi Port operations KARACHI, Aug 27: Eight ships carrying containers, raw jute and to load cement are due to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, Aug 27: Four ships carrying containers, rapeseeds, diesel oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Monday.... Afghanistan’s economy tripled in five years KABUL, Aug 27: Afghanistan’s economy has tripled in the past five years to reach almost $10 billion, the US commerce secretary said on Monday. The economy had grown on average by... Citi-PPAF awards KARACHI, Aug 27: The Citi-PPAF Microentrepreneurship Awards Programme 2007 laucnhed in Islamabad will recognise and reward leaderaship, entrepreneurial skills and best practices of individual microentrepreneurs on a national and provincial level, says a press release.... Irritants in horticulture exports identified ISLAMABAD, Aug 27: Transportation, quality control and finance are identified as major irritants faced by the horticulture sector in Pakistan. This was the outcome of the sub-committees of the task force on horticulture finance and competitiveness.... Asian stocks higher HONG KONG, Aug 27: Asian shares closed higher on Monday after strong gains on Wall Street at the end of last week were triggered by stronger than expected new homes data in the United States.... European stocks up PARIS, Aug 27: European markets were broadly higher on Monday, but trading was subdued with the London stock exchange closed for a public holiday in Britain.... Palm oil slips KUALA LUMPUR, Aug 27: Malaysian crude palm oil futures edged lower on Monday as expectations of a cyclical upturn in production offset a slight increase in exports, traders said.... New airline KARACHI, Aug 27: The government has allowed a private airline to operate commuter service between Karachi, Hyderabad and Lahore from next month. M/s Aircraft Sales and Services (ASSL), says a press... Karachi market rates KARACHI, Aug 27: The following were Monday’s commodity market rates in rupees.... Conversion rates KARACHI: The following are August 28 State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, and special US dollar bonds....

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