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September 01, 2007 Saturday Sha’aban 18, 1428 Import of machinery exempted from duty: China specific zones ISLAMABAD, Aug 31: The government on Friday approved exemption of customs duties on import of machinery for installation of new industrial units in China specific Special Economic Zones (SEZ).... Three insurance schemes launched for rural areas KARACHI, Aug 31: The National Insurance Company Limited (NICL) launched on Friday a whole package of innovative insurance products that included three schemes for the coverage of risks in rural areas,...   Rice exports to Russia will resume shortly: Minfal clears irritants ISLAMABAD, Aug 31: Pakistan will submit in the next couple of days a written reply to four major concerns raised by the Russian Federal Veterinary and Phyto-sanitary Surveillance Services (VPSS) over... Problems in e-filing of returns to be removed KARACHI, Aug 31: The Federal Board of Revenue (FBR) has assured tax bars of resolving all problems and technical glitches being experienced by them and taxpayers in the process of electronic filing of monthly and annual statements and tax returns.... Bush vows to help real estate market WASHINGTON, Aug 31: US stocks rose sharply on Friday as President Bush promised to bring “help and hope” to the troubled American real estate market.... Merger of Prime Bank completes KARACHI, Aug 31: The merger of Prime Commercial Bank into ABN Amro Bank has finally been completed and the State Bank on Friday officially allowed the change of the name of the Prime Bank.... Oil prices rise on storm threat LONDON, Aug 31: World oil prices climbed strongly on Friday, rising above $74 in New York because of a storm threat to Gulf of Mexico energy installations and already tight supplies in the United States, analysts said.... Rs107 billion collected in July-August ISLAMABAD, Aug 31: The Federal Board of Revenue (FBR) has collected Rs107 billion revenue during the first two months (July-August) as against Rs92.5 billion collected during the same months last year, indicating a growth of 15.6... PM urges German bank to invest in more projects ISLAMABAD, Aug 31: Prime Minister Shaukat Aziz on Friday said that economic indicators in Pakistan were showing positive trend and the country offered attractive business opportunities to both local and foreign investors in all sectors.... List of local goods for relief in duty, taxes ISLAMABAD, Aug 31: The Federal Board of Revenue (FBR) has issued list of locally manufactured goods for the purpose of concessionary notifications.... Fall in shares value contained by buying at dips KARACHI, Aug 31: The recent upward drive on the stock market was halted on Friday as leading shares ran into weekend selling at the inflated levels but there were buyers at the dips who limited the decline.... Gas firms denied tax adjustment ISLAMABAD, Aug 31: The Federal Board of Revenue (FBR) has withdrawn the facility of input tax adjustment from gas distribution companies.... Dollar falls LONDON, Aug 31: The dollar fell against the euro on Friday as investors absorbed comments by Federal Reserve chairman Ben Bernanke on recent market turmoil and searched for clues about the next move for US interest rates.... Indian economy grows by 9.3pc NEW DELHI, Aug 31: Strong manufacturing and services kept India’s economy steaming ahead at a much faster pace than expected in the April-June quarter, but analysts said on Friday the tempo could slow slightly later in the year.... Prices remain stable on cotton market KARACHI, Aug 31: Cotton prices on Friday remained stable around the previous levels but in physical trading most of the deals were finalised depending on the quality of lint in trade.... Germany seeks more powers for emerging nations KYOTO (Japan), Aug 31: German Chancellor Angela Merkel said on Friday that major emerging nations should play a greater role in global governance, amid a French call to expand the Group of Eight.... China uncovers worms in US products BEIJING, Aug 31: China has found microscopic worms in wooden packaging from the US and uncovered substandard US vitamin pills and fish oil for children, Chinese media said on Friday, in the latest volley of cross-border accusations.... Zambia, China to invest in power project LUSAKA, Aug 31: Zambia and China will invest $28 million to supply power to Chinese firms which set up operations in the African country’s mineral-rich Copper Belt region, a senior industry official said on Friday.... EU to press China on food safety BRUSSELS, Aug 31: The European Union’s top health official is to visit China next week to press senior government officials about improving food safety, the European Commission said on Friday.... Italian coffee imports to rise MILAN, Aug 31: Imports of green coffee into Italy, one of the world’s major roasters, are set to rise in the next few years on the back of growing re-exports, the head of an Italian coffee body said.Imports... Date extended ISLAMABAD, Aug 31: The Federal Board of Revenue (FBR) has extended the date for filing of withholding statements till Sept 30.... Eurozone jobless BRUSSELS, Aug 31: Unemployment in the 13 nations sharing the euro held steady in July at a record low of 6.9 per cent, official EU figures showed on Friday.... European stocks higher LONDON, Aug 31: Europe''s main stock markets pushed further into positive territory on Friday, boosted by sharp gains to Asian share prices as concerns over the weak US housing market receded, dealers said.... Global palm oil prices up JAKARTA, Aug 31: The Indonesian palm oil market saw no auctions on Friday amid nerves ahead of the announcement of a new palm oil tax policy and a lack of price...

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