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November 11, 2007 Sunday Shawwal 29, 1428 Bolan van listed as car to boost sale figures KARACHI, Nov 10: In a strange and surprising move the Pakistan Automotive Manufacturers Association (Pama) has included Suzuki Bolan van in the classification of cars aimed at showing a handsome growth in cars production and sales.... Utility, fuel pricing regime may be changed ISLAMABAD, Nov 10: The government is reviewing utility and fuel pricing regimes to comprehensively restructure the energy sector....   CFS investment rates recover KARACHI, Nov 10: After having fallen to six-week low to Rs49.5 billion owing to early stock market crash, CFS investment recovered later as demand for funds rose after mid-week, analyst Khurram Shehzad said.... SBP allows Islamic banking windows KARACHI, Nov 10: The State Bank of Pakistan on Saturday took another step for promoting Islamic banking in the country by allowing banks to open Islamic banking windows.... US plans to reduce crude oil imports RIYADH, Nov 10: US energy reliance on the Middle East is not as significant as it used to be in the past, admits Guy F. Caruso, the administrator (head) of the... US credit situation worsens on mortgage losses NEW YORK, Nov 10: The US credit crisis deepened as Wachovia Corp reported a potential $1.7 billion loss on mortgage-related debt, while credit card company Capital One Financial Corp said more customers are missing payments.... $100 per barrel oil to be short-lived LAGOS, Nov 10: There is no fundamental justification for oil at $100 a barrel and Opec member Nigeria is assuming that prices will not last at this level, oil minister Odein Ajumogobia said on Saturday.... Ecuador eyes high oil price for six years SANTIAGO, Nov 10: Ecuador President Rafael Correa, whose country is expected to rejoin the Opec later this month, said on Saturday he saw oil prices remaining high for some five or six years amid high demand from China.... Sindh to earn Rs2bn from sale of SRTC property KARACHI, Nov 10: The Sindh Privatisation Commission (SPC) hopes to earn Rs2 billion from the sale of properties of the defunct Sindh Road Transport Corporation (SRTC) against a liability of Rs900 million, sources at the commission revealed on Friday.The... Coal-fired power plant HOUSTON, Nov 10: The FutureGen Alliance is on track to name a site for its $1.5 billion, clean coal-fired power plant next month, after getting clearance from the US Department of Energy, the coalition said.... Bangladesh refinery resumes production DHAKA, Nov 10: Oil production at Bangladesh’s lone Eastern Refinery Limited (ERL) has been started after a two-week closure for maintenance, a senior official said on Saturday.... China tightens money policy to record level SHANGHAI, Nov 10: China’s central bank, battling to restrain growth in the money supply and inflation, announced it was lifting the proportion of deposits that commercial banks must keep in reserve to a record high.... Egypt GDP CAIRO, Nov 10: Egypt’s gross domestic product measured by current prices jumped 17.8 per cent in the year to the end of June to 684.4bn Egyptian pounds ($124.44bn),... Cotton prices ease on phutti arrivals KARACHI, Nov 10: Cotton prices on Saturday eased by Rs100 per maund from the recent seasonal high on selling by ginners followed by steady arrivals of phutti into the ginneries.... Karachi Port operations KARACHI, Nov 10: Eight ships carrying DAP fertiliser, containers and chemicals are due to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, Nov 10: Normal shipping activity was observed at the port where three ships to load/offload containers and diesel oil were allotted berths at QICT, and Fotco oil terminal, respectively, during the last 24 hours, says a PQA press release.... France urges Opec to raise production level PARIS, Nov 10: Oil producing countries should increase both their production and exploration capacities to tackle a surge in oil prices, French Economy Minister Christine Lagarde said on Saturday.... EU to adopt group action for consumers’ safety LISBON, Nov 10: The European Union’s consumer chief dispelled industry fears on Saturday that she intends to introduce U.S.-style class action lawsuits across the bloc next year as part of her strategy to strengthen consumer rights.... $10bn IPO NEW YORK, Nov 10: Visa Inc, the world’s largest credit card network, filed with regulators on Friday to raise up to $10 billion in an initial public offering, in one of the largest and most eagerly awaited US stock offerings.... Company news MUMBAI, Nov 10: Vedanta Resources plans to raise up to $2 billion through an initial public offering of its energy firm in India, Sterlite Energy, to fund its power projects, the Business Standard newspaper said on Saturday.... Oil flirts with $100-mark, metals shine LONDON, Nov 10: Crude oil prices struck new historic heights this week, surging above $98 a barrel for the first time, on fears of tight energy supplies in the United States, the world’s biggest energy user.... NY cotton settles lower NEW YORK, Nov 10: Cotton futures closed mildly lower and near the day’s highs on Friday, with larger-than-expected domestic production figures from a US Agriculture Department’s monthly report taking prices to the session lows, brokers said....

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