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January 30, 2008 Wednesday Muharram 20, 1429 Global listing of Kapco planned ISLAMABAD, Jan 29: The Privatisation Commission board on Tuesday decided to launch the process for the listing of Kot Addu Power Company (Kapco) shares in the international capital market through Global Depository Receipt (GDR).... Core inflation shoots up KARACHI, Jan 29: The State Bank reported on Tuesday that the CPI inflation was significantly higher than the five-year average of monthly increase in December....   Opec unlikely to raise output LONDON, Jan 29: Opec, whose members together pump 40 per cent of the world’s oil, will very likely maintain output levels at a meeting in Vienna on Friday as crude prices slide on fears of a US recession, analysts said.... Confernece on capital adequacy KARACHI, Jan 29: The State Bank of Pakistan, in collaboration with the Islamic Financial Services Board (IFSB), will hold a three-day conference on “Capital Adequacy” and “Transparency and Market Discipline” at SBP Learning Resource Centre here from Wednesday.... Stocks sustain gains above 14,000-point barrier KARACHI, Jan 29: The KSE 100-share index on Tuesday broke the 14,000-point barrier on active follow-up support in the base shares after leading investors and some financial institutions resumed their covering... KSE bad, other markets worst performers KARACHI, Jan 29: During the first month of the calendar year 2008, shares on Pakistan’s stock markets gave out a negative return of 1.39 per cent.... Gold at all-time high in local market KARACHI, Jan 29: Gold prices in local market continued to make a new record, and on Tuesday it closed at the highest peak of Rs18,600 per 10 grams as compared to Rs18,300 on Monday.... Gold hits new peak of $933 LONDON, Jan 29: Gold prices hit a record high $933.33 here on Tuesday as the market was driven higher by production problems in key producer South Africa and the weak US dollar.... Dollar higher LONDON, Jan 29: The dollar moved higher against the euro on Tuesday as a US durable goods report and a smaller-than-expected decline in consumer confidence raised prospects the Federal Reserve will avoid an aggressive interest rate cut on Wednesday.... WTO states to present papers on agri sector GENEVA, Jan 29: Pakistan’s Permanent Representative and ambassador in Geneva on WTO Dr Manzoor Ahmed has said the member states of World Trade Organisation would present their papers on agriculture sector... Lacunas in Pakistan’s trade regime found ISLAMABAD, Jan 29: The World Trade Organisation (WTO) has expressed its regret over recent developments in Pakistan and hopes these will not adversely affect Islamabad’s economic development and prosperity.... 2,300 MW projects to be launched by 2009 ISLAMABAD, Jan 29: The independent power producers (IPPs) will install new power projects of 2300 MW by 2009 to meet current power shortage in the country.... SBP raises cut-off yield on PIBs KARACHI, Jan 29: The State Bank of Pakistan has increased the cut-off yield on all tenures of Pakistan Investment Bonds, reflecting a change under rising inflationary pressure on economy.... Dull trading on cotton market KARACHI, Jan 29: Trading on the cotton market on Tuesday failed to pick up as spinners and mills were monitoring international cotton situation before making larger commitments.... Karachi Port operations KARACHI, Jan 29: Six ships carrying containers and to load general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, Jan 29: Four ships carrying containers, wheat and chemicals were accommodated berths during the last on Monday.... Company news KARACHI, Jan 29: An agreement was signed between Al-Zamin Leasing Modaraba, Takaful Pakistan Limited and Anchor International Ltd to launch and promote Takaful insurance products and services in Pakistan.... Towel exporters seek relief KARACHI, Jan 29: Pakistan Commercial Exporters of Towels Association chairman Ali Ashraf Khan has expressed his concern on inordinate delay in redressal of the sufferings of industries particularly of towels and... Aptma opposes surcharge KARACHI, Jan 29: The All Pakistan Textile Mills Association (Aptma) has criticised the decision of foreign shipping lines to impose $100 surcharge on all imported cargo from February 1 and has... Istanbul forum KARACHI, Jan 29: The Istanbul forum, formed by the national chambers of Pakistan Turkey and Afghanistan for promotion of economic cooperation, in a meeting in Istanbul has decided to focus on... Asian stock markets mostly higher HONG KONG, Jan 29: Asian shares closed mostly up on Tuesday as Tokyo jumped nearly three per cent, but the likely impact of an expected US interest rate cut overshadowed trading amid fears for the global economy.... Oil hovers Around $91 LONDON, Jan 29: World oil prices fell in New York and rose in London on Tuesday as traders eyed volatile global stock markets and awaited US energy stockpiles data, a US... Palm oil futures up KUALA LUMPUR, Jan 29: Malaysian crude palm oil futures ended 1.6 per cent higher on Tuesday as financial players beefed up positions following a recovery in the crude and soyoil markets, traders said.... Karachi market rates KARACHI, Jan 29: The following were Tuesday’s commodity market rates in rupees.... US durable goods NEW YORK, Jan 29: Stronger-than-expected orders for US-made durable goods in December suggested the economy retained some life and might not need a heavy dose of interest-rate cuts, even though house prices fell a record amount in November....

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