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September 11, 2007 Tuesday Sha'aban 28, 1428 ECC may approve food inflation policy today ISLAMABAD, Sept 10: The government is expected to formally approve policy recommendations of the inter-ministerial committee on core food inflation that sought to allow support prices for major crops on a... Millers stop buying wheat amid record high prices KARACHI, Sept 10: After the 100 kg wheat bag touched the record price of Rs1,450 on Monday from Rs1,360 two days earlier and increase in price of 80 kg bag of atta no.2.5...   Pakistan is costlier in food prices than India, BD ISLAMABAD, Sept 10: Pakistan is the costliest among three major south Asian countries, including India and Bangladesh, in terms of essential food items, despite being primarily an agriculture economy, according to official statistics.... Bank timings for Ramazan KARACHI, Sept 10: The State Bank of Pakistan and SBP Banking Services Corporation will observe the following office-timings during the holy month of Ramazan:... Conference on trade logistics by year-end KARACHI, Sept 10: An international conference on trade logistics is being planned by the government in collaboration with private sector by the end of this year to create awareness of optimum use of infrastructure facilities and allied services.... Stocks stage smart recovery KARACHI, Sept 10: The KSE 100-share index on Monday staged a smart recovery on strong institutional buying aided by an official operation of deporting former prime minister Nawaz Sharif to Saudi... Credit bureaus to monitor legal disputes ISLAMABAD, Sept 10: The government is likely to create “credit bureaus” to monitor and keep details of all outstanding legal disputes about bank loans.... Guidelines for Islamic microfinance business KARACHI, Sept 10: The State Bank on Monday issued guidelines for the development of Islamic microfinance business amid growing popularity of Islamic banking in the country.... Oil falls as Saudi Arabia backs Opec output hike LONDON, Sept 10: World crude prices slipped Monday amid reports that oil kingpin Saudi Arabia wants Opec to hike output when it meets in Vienna on Tuesday.... Expediting sell-off process directed ISLAMABAD, Sept 10: Federal Minister for Privatisation and Investment Wasi Zafar on Monday directed the officials to expedite the sell-off process of five major transactions.... Brisk buying activity on cotton market KARACHI, Sept 10: Physical activity on the cotton market on Monday was maintained on the higher side as spinners and mills lifted all the lots offered by the ginners at the prevailing rates.... IMF lauds economic policies, reforms ISLAMABAD, Sept 10: Prime Minister Shaukat Aziz said on Monday International Monitory Fund (IMF) had played an important role in Pakistan’s economic turnaround and would continue to maintain fiscal discipline and conformity to its structural reform agenda.... Karachi Port operations KARACHI, Sept 10: Four ships carrying soyabean oil, containers and steel are due to arrive at the outer anchorage on Tuesday, according to KPT sources.... Poultry rates KARACHI, Sept 10: The following are Tuesday’s poultry market rates:... Port Qasim KARACHI, Sept10: Two ships with furnace oil and containers were accommodated berths during the last 24 hours, said a PQA press release on Monday.... Chinese firm to set up 300,000 tons steel mill ISLAMABAD, Sept 10: Baosteel, a Chinese company, has shown interest in setting up 300, 000 tons cold rolled steel plant in Pakistan.... Gold holds above $700 LONDON, Sept 10: Gold traded above $700 on Monday and held within sight of a 16-month high, with a weaker dollar and bullion’s safe-haven appeal attracting fresh buying.... Asian stocks close lower HONG KONG, Sept 10: Asian stock markets ended mostly weaker on Monday, hit by heavy losses on Wall Street after a surprise drop in US payrolls sparked fears the world’s largest economy may be heading for recession.... Malaysian palm oil up KUALA LUMPUR, Sept 10: Malaysian crude palm oil futures ended 1.2 per cent higher in light trade on Monday, as strong growth in exports and weaker-than-expected increase in reserves buoyed the market, traders said.... European shares rebound LONDON, Sept 10: Europe’s main stock markets rebounded on Monday, regaining some lost ground after Friday’s slump caused by fears that the US economy is weakening....

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