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October 06, 2007 Saturday Ramazan 23, 1428 Swap ratio set at 1:20: Suzuki auto-bike merger KARACHI, Oct 5: The swap ratio in the merger of Pak Suzuki Motor Company Limited (PSMCL) with Suzuki Motorcycles Pakistan Limited (SMPL) has been fixed at 1:20.... Dollar rally fizzles after boost by US jobs report LONDON, Oct 5: A spirited rally by the US dollar, which followed a strong report on US job creation in September, fizzled late on Friday as the news was not enough to sustain investor confidence in the US unit....   Islamic Banking attracts Rs35bn By Our Staff Reporter KARACHI, Oct 5: Arab investors have lined up Rs35 billion to invest in Pakistan’s banking and industrial sector through Shariah complaint financing over next six to eight months.... Zakat collection by welfare bodies shows no increase KARACHI, Oct 5: Various zakat collecting bodies have given mixed views over zakat donation figures this year.... Competition Commission board delayed KARACHI, Oct 5: The Competition Ordinance seeks to create a dynamic market monitoring authority, the Competition Commission, to ensure that conditions imperative for the functioning of a free market economy are... Rs400m plan to develop glass industry KARACHI, Oct 5: With a view to improve the lot of 500,000 women workers of the bangle industry, a modern glass designing and development centre is being set up in Hyderabad at the cost of Rs400 million.... Exporters’ problems discussed at TDAP KARACHI, Oct 5: Chief Executive of Trade Development Authority of Pakistan (TDAP) Tariq Ikram has stressed the need for fast export shipments system to facilitate exporters.... Indian inflationhigher NEW DELHI, Oct 5: Indian inflation nudged higher this week, according to official data on Friday, dimming hopes of any easing of interest rates which are riding at five-year highs.... ECB survey sees tighter credit in coming months FRANKFURT, Oct 5: Eurozone banks are likely to tighten credit, especially to big companies, following recent upheaval in money markets, the results of a European Central Bank (ECB) survey released on Friday showed.... Merrill Lynch may swing to loss on mortgage bets NEW YORK, Oct 5: Merrill Lynch & Co., Inc., a big Wall Street investment bank and brokerage, warned investors on Friday it will post a third quarter loss because of soured bets it made on the mortgage and debt markets.... Oil prices fall LONDON, Oct 5: World oil prices fell on profit-taking on Friday, traders said, after rallying a day earlier amid tight energy supplies ahead of the northern hemisphere winter, when demand for heating fuel peaks.... Acquisition PARIS, Oct 5: French construction firm Bouygues said on Friday it had acquired 30.07 per cent of French engineering company Alstom after snapping up shares over the past few months.... KSE 100-share index suffers fractional decline KARACHI, Oct 5: The share market on Friday maintained its uppish leaning owing to strong buying in the leading bank and other shares but foreign investors remained conspicuous by their absence... Barclays withdrawal clears way for Royal Bank: Vying for ABN Amro LONDON, Oct 5: The giant takeover battle for ABN Amro took a fresh twist on Friday after British bank Barclays pulled out, paving the way for a rival bid from a European consortium led by the Royal Bank of Scotland.... Karachi Port operations KARACHI, Oct 5: Five ships carrying containers and to load ethanol are due to arrive at the outer anchorage on Saturday, according to KPT sources.... Cotton prices ease on hasty selling KARACHI, Oct 5: Cotton market on Friday remained under pressure as prices showed fresh decline of Rs25 per maund as a section of ginners continued to liquidate long positions mostly at a loss.... Hong Kong to cut taxes HONG KONG, Oct 5: Hong Kong leader Donald Tsang is expected to announce cuts in taxes on profits and salaries in his annual policy address next week, a report said on Friday.... Irish growth rate to ease further DUBLIN, Oct 5: Ireland’s economic growth will slow to 4.75 per cent this year and ease further to 3.50pc in 2008, the country’s central bank said on Friday.... Asian stocks close up HONG KONG, Oct 5: Asian stocks closed mostly up on Friday ahead of crucial US jobs data expected to provide clues about interest rates, and Hong Kong capped a volatile week by surging more than three per cent.... European stocks climb LONDON, Oct 5: Europe’s main stock markets rose slightly on Friday in cautious morning trade with all eyes on the upcoming US employment figures. All major indices were higher with the exception of the Paris CAC 40.... Palm oil prices lower KUALA LUMPUR, Oct 5: Malaysian crude palm oil futures, which have been declining this week on weakness in rival soyaoil, are unlikely to bounce back soon, industry analyst Dorab Mistry said.... Port Qasim KARACHI, Oct 5: Three ships carrying containers and edible oil were allotted berths during the last 24 hours, said a PQA press release on Friday....

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