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September 28, 2007 Friday Ramazan 15, 1428 Accord for 134MW power project ISLAMABAD, Sept 27: The Private Power and Infrastructure Board (PPIB) on Thursday signed an Implementation Agreement (IA) with a subsidiary of UAE’s Al-Ghurair Group for setting up of a 134 MW... Joint body to review EU trade policy in S. Asia KARACHI, Sept 27: Federal Commerce Minister Humayun Akhtar Khan said on Thursday that India’s decision to open up disputed territory of Siachen for tourism would not impact its trade relations with Pakistan.... Reshaping of BoI approved ISLAMABAD, Sept 27: Prime Minister Shaukat Aziz on Thursday approved in principle the restructuring of the Board of Investment (BOI) to transform it into a more vibrant organisation providing one-window operation for expeditious finalisation of local and foreign investment projects.... Return filing timings extended ISLAMABAD, Sept 27: The Federal Board of Revenue (FBR) has extended timing for filing of income tax returns for the tax year 2007. An official announcement issued here on Thursday said... Reserves up KARACHI, Sept 27: Pakistan’s foreign exchange reserves rose by $13 million to a record $16.104 billion in the week ended on Sept 22, the central bank said on Thursday.... Dollar hits new low against euro LONDON, Sept 27: The dollar plumbed new depths against the euro on Thursday but later managed to claw back some lost ground despite fresh signs of US housing market woes.... Broadening of tax net ISLAMABAD, Sept 27: The Federal Board of Revenue (FBR) is considering various proposals to bring potential sectors into tax net. This was stated by Member Income Tax Usman Khalid Mirza here... Stocks gain 58 points in cautious trading KARACHI, Sept 27: Stocks on Thursday finished with an extended gain under the lead of blue chips but they lacked aggressiveness associated with a bull market as investors played safe apparently... Plan to raise farm exports through better quality ISLAMABAD, Sept 27: The government has decided to enhance the export of agricultural products by enforcing quality standards through pre-shipment inspection and by diversifying product range, said Prime Minister’s Adviser on Finance Dr Salman Shah.... Oil prices rebound on storm fears LONDON, Sept 27: The price of New York crude oil bounced back above $81 on Thursday as traders cast a wary eye on a tropical storm near the Gulf of Mexico, where many US energy facilities are based.... Markets face shortage of Eid items: Customs hold new stocks KARACHI, Sept 27: The sale of children garments, shoes, imitation jewellery, gents’ suiting from old stocks for Eid ul Fitre continue unabated as the customs held up clearance of 670 containers loaded with new items at the port since September 11.... Sixteen companies declare results KARACHI, Sept 27: The KSE-100 index kept up its crawl on Thursday, to close well above the level of 13,300. In the politically turbulent conditions, the rise could be suggestive of... Saudi Arabia,Kuwait asked to cancel Iraqi debt PARIS, Sept 27: Saudi Arabia and Kuwait must make an effort to cancel some of the debt owed to them by Iraq, Xavier Musca, chairman of the Paris Club of official creditors said in an interview.... BD seen heading to stagflation DHAKA, Sept 27: Bangladesh is to face stagflation soon, if the government fails to check inflationary pressure and erosion of business confidence, some noted economists of the country fear.... UK body tightens toy safety after China recalls LONDON, Sept 27: Britain’s Toy & Hobby Association (BTHA) said on Thursday it would tighten quality controls in the country after a China toy scare prompted the global recall of millions of children’s products.... Clarification KARACHI, Sept 27: Manager Human Resource, Duty Free Shops Limited, Sheheryar Chaudri, has claimed that the Duty-Free Shops has not imported a single piece of LCD and Plasma TV sets in the last five years.... Insurance joint venture BEIJING, Sept 27: Global banking giant HSBC said on Thursday a subsidiary has received the official go-ahead to set up an insurance joint venture in China.... US GDP growth solid ahead of credit turmoil WASHINGTON, Sept 27: The US economy carried strong momentum into the mid-year credit storm, expanding at a 3.8 per cent pace in the second quarter even as housing remained weak, a revised estimate showed on Thursday.... Norway backs efforts to end corruption in oil, gas sector OSLO, Sept 27: Oil-rich Norway leant its support on Thursday to a global effort to root out corruption in the oil, gas and mining industries, and a leading corruption-buster said he hoped other countries would follow suit.... Karachi Port operations KARACHI, Sept 27: Six ships carrying jet oil and lube oil and to load molasses are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Prices rule firm on cotton market KARACHI, Sept 27: Cotton market on Thursday resisted fresh decline as ginners did not further lower their asking prices owing to a considerable decline in the phutti arrivals.... Gold firms LONDON, Sept 27: Gold held firm on Thursday, supported by the dollar’s tumble to record lows against the euro and uncertainty in financial markets ahead of key economic data from the United States.... Asian stocks rise HONG KONG, Sept 27: Asian stocks rose on Thursday taking a clutch of markets to all-time highs as some of the caution triggered by stock market turbulence earlier in the year faded.... Palm oil unchanged KUALA LUMPUR, Sept 27: Malaysian crude palm oil futures were mostly unmoved on Thursday with the market divided between a strong rally in rival soyabean oil and crude prices and investors cashing profits.... European shares higher LONDON, Sept 27: Europe’s main stock markets rose on Thursday with the automaking sector in the driving seat after healthy gains to share prices overnight in New York and earlier in Asia....

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