DAWN - Business; September 13, 2007

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September 13, 2007	Thursday	Sha'aban 30, 1428

Local cement company enters Indian market KARACHI, Sept 12: Lucky Cement has started exporting 3,000 tons per day of cement to India at an attractive price of $70 per ton (fob), making the company first to make a successful entry into the Indian market....		Sale of fake medicines rampant KARACHI, Sept 12: Pakistan has become a lucrative market worth millions of rupees for import and export of spurious medicines....

Mills suggest import of 1m tons of wheat KARACHI, Sept 12: Traders and millers are now questioning the claim of the government committee of wheat crop estimation of harvesting 23.5 million tons this spring to justify a new price peak at Rs14.50...		City govt’s Ramazan price list excludes main items KARACHI, Sept 12: The city government has issued price list for Ramazan. It excludes main items like flour varieties, branded ghee and cooking oil, branded tea, tetra and powder milk, sugar,...

US official identifies working gaps in economy ISLAMABAD, Sept 12: The visiting US Deputy Secretary of State John Negroponte has stressed the urgent need for improving the competitiveness of the Pakistani economy and assured to provide necessary financial and technical support for it....		Experts forecast rapid growth in Takaful business KARACHI, Sept 12: Islamic financial instruments will soon gain currency and will be competing with the conventional banking products in Pakistan, observed speakers at the concluding session of the third Dawn Asia Finance Conferences here on Wednesday....

Pakistan accepts US terms on BIT ISLAMABAD, Sept 12: Pakistan has accepted all those conditionalities of the US on Bilateral Investment Treaty (BIT) that it had been resisting for over a year for being against its national interests, Dawn has learnt....		Dealers mull options to get margin issue resolved KARACHI, Sept 12: Petroleum dealers have said that they are still considering three options like going for another indefinite strike, imposing service charge and knocking the doors of the Supreme Court...

SECP draft lays down terms for company analysts ISLAMABAD, Sept 12: A preliminary draft prepared by the Securities and Exchange Commission of Pakistan (SECP) has laid down a number of terms and conditions and a strict code of conduct for company analysts....		Stocks rally on higher dividend announcements KARACHI, Sept 12: Stocks on Wednesday staged a broad rally on active short-covering at the lower levels aided largely by higher corporate announcements and a relative calm on the political front....

Oil price LONDON, Sept 12: The price of New York crude steadied near to its all-time high of almost $79 a barrel on Wednesday ahead of key data on US inventories and after the Opec cartel decided to hike its daily oil output....		Euro surges LONDON, Sept 12: The European single currency surged to an all-time high against the dollar on Wednesday, striking $1.3879 as investors bet on falling US interest rates, dealers said....

Help for engineering sector assured ISLAMABAD, Sept 12: The Ambassador of the Netherlands to Pakistan, Willen Andreae, has urged Pakistani manufacturers to improve competitiveness of their products for increasing exports to European countries....		Pakistan asked to bring down current account deficit ISLAMABAD, Sept 12: The International Monetary Fund (IMF) has said that inflation and the current account deficit are the “main worry” for Pakistan’s economy, and political and security issues confronting the country would only worsen the situation....

Karachi Port operations KARACHI, Sept 12: Nine ships carrying DAP fertiliser, chemicals and to load cement and ethanol are due to arrive at the outer anchorage on Thursday, according to KPT sources....		Bullish trend on cotton market KARACHI, Sept 12: Cotton market on Wednesday maintained bullish trend as ginners again played safe and did not indulge in hasty selling despite a slight pick up in phutti arrivals....

Mobile phone market to grow KARACHI, Sept 12: Pakistan, the third largest growing mobile phone market in the world, is poised to grow manifold by the year 2010....		50 tax help kiosks set up in city KARACHI, Sept 12: The Regional Tax Office (RTO) has set up 50 “Tax help kiosks” in different commercial centres in the 18 towns of Karachi as part of its campaign to increase the number of taxpayers....

New SSGC MD KARACHI, Sept 12: Azim Iqbal Siddiqui has taken over as managing director of Sui Southern Gas Company Limited (SSGC). He succeeds Munawar Baseer Ahmad, who has been appointed Managing Director, Pakistan Electric Power Company (PEPCO), says a press release....		Poultry rates KARACHI, Sept 12: The following are Thursday’s poultry market rates:...