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October 26, 2007 Friday Shawwal 13, 1428 Property investors venturing in Dubai KARACHI, Oct 25: Property dealers have confirmed the sluggishness since the start of this calendar year, but attributed the dullness in the local real estate business to a variety of factors.... State Bank report Foreign investment drops in 3 months KARACHI, Oct 25: The rising trend of foreign investment in the country has changed its course heading southward as reflected from the first quarterly report issued by the State Bank on Thursday....   Dollar eases on US housing data LONDON, Oct 25: The dollar edged lower against the euro on Thursday as the market digested another set of figures showing the US housing market remained mired in the doldrums, dealers said.... Real estate market rules may be revised ISLAMABAD, Oct 25: Most of the rules regulating real estate and construction markets are expected to be revised to check corrupt practices and promote local and foreign investment in building industry.... IFSB to take vital decisions KARACHI, Oct 25: Dr. Shamshad Akhtar will chair the Islamic Financial Services Board (IFSB) meeting as first Pakistani Central Bank Governor, and the meeting is expected to take some vital decisions for promotion of Islamic banking.... Brent oil soars to record $86 LONDON, Oct 25: The price of Brent crude oil struck an historic peak of $86.28 per barrel in trading on Thursday on renewed concerns over tight global energy supplies.... 1,135 new companies enrolled in third quarter ISLAMABAD, Oct 25: The Securities and Exchange Commission of Pakistan (SECP) registered 1,135 companies during the third quarter of the current calendar year.... Cotton crop diseases to cause loss of Rs16bn KARACHI, Oct 25: The damage caused by mealy bug and leaf curl virus to the standing cotton crop in the southern Punjab and upper Sindh is estimated to cost Rs16 billion to the national exchequer.... OGDCL profits flat at Rs12.33bn KARACHI, Oct 25: Pakistan’s biggest listed firm, Oil and Gas Development Co Ltd (OGDCL), on Thursday reported flat earnings for the first quarter of 2007-08 as higher exploration costs offset the impact of increased output.... German firm to offer financial products KARACHI, Oct 25: DF Forfaiting AG, a German company, is exploring possibilities of entering Pakistan market with a variety of export financial products. Two officials of the Cologne-based company met with... Nepal hikes petrol price KATHMANDU, Oct 25: Nepal’s state-owned monopoly oil company on Thursday hiked prices as much as 22 per cent to meet a rising import bill in the landlocked Himalayan nation that depends on India for all supplies.... Return filing ISLAMABAD, Oct 25: The Federal Board of Revenue (FBR) has extended the date for filing of sales tax-cum-federal excise returns for the tax period September, 2007.... Reserves KARACHI, OCT 25: Pakistan’s total liquid foreign exchange reserves fell by $27 million to $16.308 billion this week.... Stocks recover 100 points on selective buying KARACHI, Oct 25: Stocks on Thursday were back on the rails followed by active short-covering by both the foreign and the local institutional traders on the oil and banking counters, but... Buyers remain busy on cotton market KARACHI, Oct 25: Active trading was witnessed on the cotton market on Thursday as spinners and mills continued building up long positions at the current levels in an uncertain future price outlook.... Karachi Port operations KARACHI, Oct 25: Four ships carrying chemicals and to load naphtha are due to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Oct 25: Three ships carrying containers and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... New member of customs for North region soon ISLAMABAD, Oct 25: The government has decided to appoint a new member customs, along with a chief collector for the North region.... ABL pre-tax profits up by 24pc KARACHI, Oct 25: Allied Bank’s pre-tax profits jumped to Rs6.3 billion in the last nine months of the calendar year, 2007.... US assures long-term economic relations KARACHI, Oct 25: The US is committed to a long-term economic, strategic and commercial relationship with Pakistan because it is an important ally of the United States.... Honda posts net profit TOKYO, Oct 25: Japan’s second largest automaker Honda Motor Co. on Thursday reported record net profit for the six months to September and revised up its full-year forecast on strong sales overseas.... Company news LONDON, Oct 25: Anglo-Dutch energy giant Royal Dutch Shell said on Thursday that third-quarter net profit fell eight per cent but still reached almost $6.4 billion on the back of record high oil prices.—AFP... Gold up LONDON, Oct 25: Gold advanced on Thursday to trade near a 28-year high, as strong oil prices and a weaker dollar attracted speculators and investors.... Palm oil prices KUALA LUMPUR, Oct 25: Malaysian palm oil futures ended mostly unchanged on Thursday as the market was split between the strengthening ringgit currency and the gains in soyaoil and crude markets.The...

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