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October 31, 2007 Wednesday Shawwal 18, 1428 Removal of curbs on 20 items sought : List sent to India ISLAMABAD, Oct 30: Islamabad has sent a list of 20 core products having exportable potential to New Delhi for seeking removal of non-tariff barriers on its exports in an effort to narrow down trade mismatch with India, Dawn has learnt.... NA body seeks end to looming food crisis : ECC meeting today ISLAMABAD, Oct 30: On the eve of the Economic Coordination Committee (ECC)’s meeting being held on Wednesday to fix wheat support prices, the National Assembly Standing Committee on Agriculture has approached...   Subsidy for spinning mills announced KARACHI, Oct 30: The State Bank on Tuesday formulated its Mark-up Rate Subsidy Scheme for spinning sector which will provide three per cent mark-up rate subsidy to the spinning mills.... Oil prices dive by $2 LONDON, Oct 30: Oil prices slumped on Tuesday by about $2 as traders banked some of their recent record gains, following news that output would restart in Mexico after a stoppage.... Fraudulent import of stolen cars detected KARACHI, Oct 30: The customs authorities have unearthed a gang involved in getting imported vehicles cleared without payment of duty and taxes under the guise of exemption available to diplomats, official sources disclosed on Tuesday.... Banks’ 9-month profit up 15pc to Rs52.9bn KARACHI, Oct 30: The profit of the banking industry continued to rise during the first nine months of the current calendar year proving it the most vibrant sector of the economy.... IT returns timing ISLAMABAD, Oct 30: The Federal Board of Revenue (FBR) has extended the timing for filing of income tax returns to facilitate taxpayers.... PPL, UBL, Others announce results KARACHI, Oct 30: Scores of companies announced their financial figures for varying periods on Tuesday, the significance of which paled in the face of a huge plunge of 2.42... Computer market witnesses 5.7pc rise ISLAMABAD, Oct 30: The computer market — both in personal computer and server — in Pakistan increased by a modest 5.7 per cent as firms shipped 319,838 units here in the... Dollar near record lows LONDON, Oct 30: The dollar was back near record lows against the euro after more weak data emerged from the US, this time showing that consumer confidence continues to wane.... PTCL earns Rs14.4bn in July-Sept ISLAMABAD, Oct 30: Pakistan Telecommunication Company Limited (PTCL) on Tuesday declared 59 paisa per share dividend as it earned an after-tax profit of Rs3 billion during the first quarter (July-Sept) 2007-08.... Equity prices meltdown ahead of SC ruling KARACHI, Oct 30: Stocks on Tuesday took a massive plunge of 2.5 per cent on panic selling ahead of Supreme Court ruling possibly on Thursday on the petitions challenging the eligibility of the president to seek reelection for the second term.... Cotton prices rise on panic buying KARACHI, Oct 30: Cotton prices on Tuesday maintained their upward drive for the fourth session in a row as spinners and mills again indulged in panic-buying in an apparent effort to grab the floating stock at the current levels.... Karachi Port operations KARACHI, Oct 30: Five ships carrying chemicals, containers and to load naphtha are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI Oct 30: Three ships to load and offload containers and rice were accommodated berths during the last 24 hours, said a PQA press release on Tuesday.... Exporters’ database KARACHI, Oct 30: The rade Development Authority of Pakistan (TDAP) has signed one year contract with ICIL for preparation of exporters’ data management system.... Inflation in industrial states PARIS, Oct 30: The pace of inflation in the world’s principal industrialised nations picked up in September, with consumer prices rising 2.2 per cent in annual terms after 1.8... Company News KARACHI, Oct 30: The general body meeting of Korangi Industrial Trading Estate Development and Management Company has elected Abdul Haseeb Khan as its chairman and chief executive for a period of three years.... Asian stocks lower HONG KONG, Oct 30: Asian stocks closed mostly lower on Tuesday with investors consolidating their postions after a recent bout of heavy buying on a widely expected cut in US interest rates.... European shares fall LONDON, Oct 30: Europe’s main stock markets fell Tuesday on profit-taking amid caution on the eve of an interest-rate call by the US Federal Reserve, dealers said.... Malaysian palm oil prices KUALA LUMPUR, Oct 30: Malaysian crude palm oil futures fell 1.6 per cent on Tuesday, retreating from a record high as soyaoil and crude oil prices eased, encouraging players to cash in profits.... Karachi market rates KARACHI, Oct 30: The following were Tuesday’s commodity market rates in rupees....

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