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October 04, 2007 Thursday Ramazan 21, 1428 Oil prices rise after US stocks figures LONDON, Oct 3: World oil prices advanced slightly on Wednesday after official data showed that stockpiles of US distillates unexpectedly fell last week ahead of the northern hemisphere winter, traders said.... Flour mills complain of short wheat supply KARACHI, Oct 3: Millers in Karachi have complained of reduced supply of wheat from government stocks, and said they are purchasing wheat from the open market at Rs15 a kg, but...   Dry fruit export to India begins LAHORE, Oct 3: Three Pakistani trucks carrying fresh and dry fruit crossed over to India for the first time on Wednesday after commencement of cross-border movement of trucks for cargo transportation from Oct 1.... Cement output increased by 22.5 per cent: LSM pattern unchanged KARACHI, Oct 3: The latest official data issued on Wednesday does not show any significant change in the pattern of economic growth recorded last year as well as the one prevailing for last five years.... Duty exemption ISLAMABAD, Oct 3: The government has exempted customs duty on import of a range of raw materials used in the manufacturing of various products.... ADB to give $510m for renewable energy project ISLAMABAD, Oct 3: The Asian Development Bank (ADB) will provide $510 million to Pakistan to fund its $2.2 billion renewable energy development sector investment programme, envisaging development of low-head hydropower projects in Punjab and NWFP provinces.... Street crimes, hot weather mar Eid shopping KARACHI, Oct 3: Eid shopping during first 20 days of Ramazan has not shown any significant increase as the market people attribute lack of buying euphoria among consumers because of deteriorating... US Congress to make law for ROZs this month WASHINGTON, Oct 3: The US Congress is expected to take up a piece of legislation later this month for allowing the import of duty-free goods from certain pockets in Pakistan, lawmakers told a Pakistani delegation on Wednesday.... CSF team to attend global moot in Portland ISLAMABAD, Oct 3: A delegation of the Competitiveness Support Fund (CSF), a joint initiative of the USAID and the ministry of finance, will participate in the annual Global Competitiveness Conference - 2007 in Portland, Oregon from October 8.... Farm zone to help growers enter export business KARACHI, Oct 3: The country’s first agricultural export processing zone, which is being set up at Super Highway near Subzi Mandi at a cost of Rs360 million, will encourage growers to export their products directly eliminating the role of middlemen.... Three MTUs converted into RTOs ISLAMABAD, Oct 3: The Federal Board of Revenue (FBR) has converted three medium taxpayers units (MTUs) into regional tax offices (RTOs) under the World Bank funded reforms of tax administration.... Dollar gets strength LONDON, Oct 3: The dollar gained against the euro on Wednesday as traders assessed an economic survey that showed the United States service sector was still expanding despite recent financial market turmoil.... HK economy seen slowing HONG KONG, Oct 3: Hong Kong’s economy will slow in the fourth quarter, expanding by 5.5 per cent from a year earlier, down from an estimated six per cent in the... KSE index crosses 14,000-point barrier KARACHI, Oct 3: The KSE 100-share index on Wednesday breached through the psychological barrier of 14,000 points at 14,046.01 for the second time in the stock trading history as investors continued... Active trading on cotton market KARACHI, Oct 3: Trading activity on the cotton market on Wednesday was maintained on the higher side as spinners and mills were not inclined to miss an attractive bait of competitive prices.... FBR delays tax collection figures ISLAMABAD, Oct 3: The Federal Board of Revenue (FBR) has delayed the announcement of collection figures for the first quarter (July-September) of the current fiscal year.... Australia retail sales rise SYDNEY, Oct 3: Australian retail sales rose by more than expected in August as consumers kept spending despite a rise in interest rates and falling stock prices, adding to the case for yet further monetary tightening.... Qatar enjoys dramatic economic growth DOHA, Oct 3: Qatar is enjoying dramatic economic growth on the back of surging gas revenues, but the Gulf state is battling an increasingly high rate of inflation led by high housing costs, officials and analysts say.... Karachi Port operations KARACHI, Oct 3: Three ships carrying DAP fertiliser and to load cement and naphtha are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Riyadh to host third Opec summit RIYADH, Oct 3: Saudi Arabia will host the third summit of the Organisation of Petroleum Exporting Countries (Opec) from Nov 17 in Riyadh, for which King Abdullah has already sent invitations to heads of member states.... Gold rebounds LONDON, Oct 3:Gold rebounded on Wednesday as a sharp sell-off attracted bargain-hunters and investors, but the market awaited key US economic data due this week for clearer short-term direction.... Asian stocks lower HONG KONG, Oct 3: Asian stocks closed mostly lower on Wednesday as investors paused for breath to evaluate whether recent record highs by a clutch of bourses portend a correction.... Palm oil prices fall KUALA LUMPUR, Oct 3: Malaysian crude palm oil futures ended 0.9 per cent lower on Wednesday as weakening prices of rival soyabean oil prompted short selling, traders said.... European shares higher LONDON, Oct 3: Europe’s main stock markets struggled higher on Wednesday, with gains capped amid news of alleged insider trading at Franco-German aerospace group EADS....

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