DAWN - Business; September 29, 2007

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September 29, 2007	Saturday	Ramazan 16, 1428

Prices of 17 items go up ISLAMABAD, Sept 28: Prices of 17 essential kitchen items, including onions, witnessed an upward trend during the week ending Sept 27 over previous week, according to statistics released by the Federal Bureau of Statistics (FBS) here on Friday....		Local prices skyrocketing on rampant meat export ISLAMABAD, Sept 28: The excessive meat export for the last few years has not only created shortage of livestock but has also caused sharp increase in local prices of beef and...

Creation of ‘Pakistan Savings’ further delayed ISLAMABAD, Sept 28: The corporatisation of Central Directorate of National Savings (CDNS) has been further delayed in order to first determine the status of its employees before the organisation is fully converted into Pakistan Savings....		Experts resent move to put banks under SECP KARACHI, Sept 28: The proposed Financial Services Act that also seeks to place the task of the supervision of commercial banks under the Securities and Exchange Commission of Pakistan (SECP) received stern criticism from experts....

IMF names Strauss-Kahn new chief WASHINGTON, Sept 28: The International Monetary Fund on Friday named France’s Dominique Strauss-Kahn its new managing director, a diplomat who spoke on condition of anonymity told AFP....		London oil price hits record $81 a barrel LONDON, Sept 28: The price of London Brent crude oil on Friday rocketed above $81 a barrel for the first time owing to concerns over stretched global energy supplies before profit-taking set in, traders said....

Sindh excise deptt collects Rs1.63bn KARACHI, Sept 28: The Sindh Excise and Taxation Department has recovered Rs1.63 billion provincial taxes and levies during two months of July and August of the current fiscal year which is...		Automakers FRANKFURT, Sept 28: Carlos Chosn, head of Renault and Nissan, said on Friday that a major name among global automakers might be taken over by an emerging market rival in the coming years....

Euro smashes another record against dollar LONDON, Sept 28: The euro went on another record-setting run against the beleaguered US dollar on Friday, smashing through the $1.42-level for the first time to hit a new peak of $1.4243...		Contract signed for power unit at Korangi KARACHI, Sept 28: The Karachi Electric Supply Corporation (KESC) and Siemens signed a contract for equivalent Rs885 million for the construction of a 220kv GIS substation at Korangi....

Imported Eid items to be dearer by 25pc KARACHI, Sept 28: Consumers are likely to pay 25 per cent more on children garments, shoes, gents’ suiting for Eid as the customs agrees to release 670 held up containers after phenomenal increase in valuation of these items....		Stock investors NEW DELHI, Sept 28: Indian Finance Minister P. Chidambaram on Friday told investors “to do their homework” before investing in the domestic share market that has raced to new highs on the back of overseas fund flows....

Stocks extend overnight gains ahead of SC ruling KARACHI, Sept 28: Stocks on Friday maintained an uppish leaning as both sellers and buyers mostly kept to the sidelines and did not indulge in speculative trading apparently awaiting apex court...		Bullish trend continues on active lint demand KARACHI, Sept 28: Trading activity on the cotton market on Friday was maintained on the higher side as both mills and spinners were in no mood to take even a technical breather at stage, floor brokers said....

Karachi Port operations KARACHI, Sept 28: Four ships carrying lube oil, mogas and to load cement and molasses are due to arrive at the outer anchorage on Saturday, according to KPT sources....		Rs1.2bn cellphone licence fee deposited with AJK, NA Islamabad, Sept 28: The Pakistan Telecommunication Authority (PTA) has deposited Rs1.2 billion with the Azad Jammu and Kashmir (AJK) Council secretariat and Northern Areas secretariat on account of initial license fee...

China starts probe into steroid factories BEIJING, Sept 28: China’s cabinet has launched a probe into charges that Chinese factories are supplying illegal US laboratories with the raw material to make anabolic steroid, state media reported on Friday....		SSGC earns Rs290 million after-tax-profit KARACHI, Sept 28: The Sui Southern Gas Company earned a profit-after-tax of Rs290 million for the period ended June 30, 2007 as compared with Rs892 million in the previous year....

UK’s per capita GDP 3rd highest in G7 LONDON, Sept 28: The United Kingdom’s GDP per capita is now the third highest in the G7, compared with the lowest 10 years earlier....		European stocks stay weaker LONDON, Sept 28: European stock exchanges closed weaker on Friday, with sentiment in several capitals weighed down by record surges in the euro and the price of oil....

Asian stocks mixed HONG KONG, Sept 28: Asian stocks closed mixed on Friday with investors adopting a cautious stance amid end of quarter window dressing and mild gains by Wall Street overnight....		Malaysian palm oil up KUALA LUMPUR, Sept 28: Malaysian crude palm oil futures ended 1.5 per cent higher on Friday as rising prices of rival soyabean oil and expectations of strong demand prompted players to cover short positions ahead of the weekend....