DAWN - Business; September 05, 2007

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September 05, 2007	Wednesday	Sha'aban 22, 1428

Wheat issue price fixed at Rs465 per 40kg KARACHI, Sept 4: The Sindh government is releasing wheat from its official stocks from Friday next (Sept 7) at Rs465 for 40kgs to flour mills in Karachi and the rest of...		Rozgar scheme draws criticism KARACHI, Sept 4: The President’s Rozgar Scheme that completed one year received severe criticism from some of its beneficiaries, who staged a protest against the scheme on Tuesday....

Shortage of trucks hits cement export to India LAHORE, Sept 4: An acute scarcity of adequate transportation facilities will hamper cement manufacturers’ efforts to export their products to India via inland route, an official of Maple Leaf has told Dawn....		EU keen to enhance trade with Pakistan KARACHI, Sept 4: The EU wishes to increase the quantum of trade and aspire for closer cooperation in fields of mutual interest such as social sector, governance, science and technology....

Govt to regulate freight forwarding KARACHI, Sept 4: The government is considering regulating freight forwarders business by adopting internationally recognised norms and practices....		Pakistan to import DAP from Tunisia ISLAMABAD, Sept 4: Pakistan will import DAP from Tunisia to overcome shortage of fertiliser and to export horticulture, halal meat and other agriculture products to Tunisia....

NA body opposes privatisation of PSO: Irregularities found ISLAMABAD, Sept 4: The National Assembly sub-committee on petroleum and natural resources in a detailed investigation report has levelled serious allegations of financial and administrative irregularities in the affairs of Pakistan...		Four trade agreements signed with Tunisia ISLAMABAD, Sept 4: Pakistan and Tunisia on Tuesday signed four bilateral agreements to enhance volume of bilateral trade to $300 million from $25 million during next four years....

Stocks stage comeback on active short-covering KARACHI, Sept 4: The KSE 100-share index on Tuesday staged a snap recovery and was quoted higher by 1.3 per cent or 160 points on active short-covering in the leading base shares at the attractively lower levels....		FBR amends IT rules ISLAMABAD, Sept 4: The Federal Board of Revenue (FBR) has amended the income tax rules 2002 to make changes in the income tax return forms for the tax year 2007....

Import duty on PSF to be reduced LAHORE, Sept 4: The government has decided to reduce import duty on polyester staple fibre (PSF) to 3.5 per cent from existing 6.5 per cent....		NA body for zero duty import of fibre ISLAMABAD, Sept 4: The National Assembly standing committee on textile on Tuesday recommended to the government to allow import of manmade fibre at zero duty to help out the textile manufactures....

Oil prices rise LONDON, Sept 4: World crude prices climbed on Tuesday, as Qatar’s energy minister said Opec would not move next week to increase the cartel’s oil output to battle tight global supplies amid strong energy demand....		Cotton prices drop by Rs125 KARACHI, Sept 4: Cotton prices on Tuesday eased further by Rs125 per maund in physical trading as some of the leading ginners indulged in hasty selling after having an overview of the size of phutti arrivals....

Growth in carbon emissions slows LONDON, Sept 4: Growth in global emissions of the heat-trapping greenhouse gas carbon dioxide slowed slightly last year, preliminary data from the US Carbon Dioxide Information Analysis Centre (CDIAC) suggest....		Venezuela cancels fuel oil tender CARACAS, Sept 4: Venezuelan state oil company PDVSA has cancelled a 1.8 million barrel fuel oil sell tender, traders told Reuters on Tuesday....

EU official says high standards to help China BEIJING, Sept 4: China itself will benefit from implementing strict standards on product safety and should not see the European Union’s efforts to protect its consumers as protectionist, the EU’s top competition official said on Tuesday....		China to invest $265bn in renewable energy BEIJING, Sept 4: China plans to invest 2 trillion yuan ($265 billion) in renewable energy by 2020, most of it corporate cash, to wean itself off polluting coal as it aims for cleaner growth, a top energy planner said on Tuesday....

Euro steady against dollar LONDON, Sept 4: The euro was steady against the dollar on Tuesday as traders geared up for an interest-rate decision from the European Central Bank and key US data later in the week....		Asian stocks close down HONG KONG, Sept 4: Asian stocks closed mostly lower on Tuesday with investors adopting a cautious stance ahead of a resumption to trade on Wall Street and any reaction to the subprime troubles in the US....

Gold hits 3-week high LONDON, Sept 4:Gold hit a three-week high on Tuesday, helped by safe-haven buying and good physical demand, with investors awaiting the release of U.S. economic data that may set bullion’s direction....		Malaysian palm oil skids KUALA LUMPUR, Sept 4: Malaysian crude palm oil futures slipped on Tuesday as worries about rising supplies were rekindled and as dealers booked profits after the market hit a three-week high in the morning session....