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April 13, 2008 Sunday Rabi-us-Sani 6, 1429 PC invites EoIs for SME Bank sell-off ISLAMABAD, April 12: The Privatisation Commission (PC) invited expressions of interest (EoIs) on Saturday for disinvestment of 93.88 per cent government shareholding in SME Bank along with management control.... Gainers and losers in Saudi-Pak Bank deal KARACHI, April 12: No one is suggesting that it was premeditated, but the purchasers of the majority stake in Saudi-Pak Commercial Bank (SPCB), a company listed on the stock market, went... Compensation not paid toSindh trade, industry: Post-Dec 27 unrest KARACHI, April 12: The trade and industry organisations have not been compensated yet by the Sindh government against the huge losses they suffered during the four-day unrest after the assassination of Benazir Bhutto on December 27.... Compound impact of trade deficit likely KARACHI, April 12: The balance sheet of the national economy has been shattered badly by the record trade deficit while the hope for foreign investment is shrinking fast with the prevailing political uncertainty.... Zarai Bank disburses Rs56bn ISLAMABAD, April 12: The Zarai Taraqiati Bank Ltd (ZTBL) has maintained its position as the main source of farm credit as it substantially extended its outreach by disbursing Rs56 billion among 475,756 borrowers through ‘zarkhaiz’ and ‘sadabahar’ schemes.... HBFC signs legal documents for Rs1.5bn Sukuk KARACHI, April 12: The House Building Finance Corporation (HBFC) on Saturday singed legal documents for the issue of first tranche of Sukuk worth Rs1.5 billion. This is the first mortgaged-based Sukuk issue in the country.... LCCI, Sarhad chamber to promote trade LAHORE, April 12: The Lahore and Sarhad chambers of commerce and industry signed a memorandum of understanding on Saturday for making joint efforts for the promotion of trade and industry.... CFS rates fall on low credit demand KARACHI, April 12: The CFS rates on the Karachi Stock Exchange last week showed a fractional fall of three basis points at 11.87 per cent as demand for fresh credit lines was below average levels.... Ufone gets Rs4.5bn financing facility ISLAMABAD, April 12: Ufone, a cellular company, on Saturday signed Rs4.5 billion Syndicated Term Loan Facility jointly provided by National Bank of Pakistan (NBP) and Habib Bank Limited (HBL) to help the company undertake an aggressive rollout plan.... World Bank, IMF meeting begins WASHINGTON, April 12: The International Monetary Fund and the World Bank met here on Saturday facing the challenges of a financial crisis battering the global economy and rising inflation hurting the poor.... Growers see 22 million tons wheat output MULTAN, April 12: The growers and agricultural experts from southern Punjab are optimistic that the country would produce 22 million tons wheat, which would fulfill the required consumption of the country.... Workshop on e-filing KARACHI, April 12: The business community can file online sales tax returns and statements through Federal Bureau of Revenue’s website.... Govt urged to review trade policy framework ISLAMABAD April 12: Experts have urged policy-makers to review the trade policy framework to bridge the gap in its formulation and implementation to translate it into poverty reduction and human development.... Oil fuels Asia’s two-wheeler boom SINGAPORE, April 12: Record high oil prices, environmental concerns, affluent lifestyles as well as the need to dodge city traffic are driving a boom in Asia’s motorcycle and bicycle market, industry figures say.... Karachi Port operations KARACHI, April 12: Seven ships carrying containers and imported wheat are due to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, Apr 12: Two container ships were accommodated berths QICT during the last 24 hours, said a PQA press release on Saturday.... Cotton prices rise on high mill demand KARACHI, April 12: Cotton market on Saturday recovered a good part of the overnight fall as ginners raised their asking prices by Rs25 per maund in the backdrop of higher mill... Accounting mistake deprives CDGK of Rs44m KARACHI, April 12: An accounting slip-up deprived the City District Government Karachi (CDGK) of its share in entertainment tax amounting to Rs44.1 million which was mistakenly transferred to the Sindh government... NY cotton finishes easier NEW YORK, April 12: Cotton futures settled easier on Friday in a session featuring spread trade and fiber contracts will again depend on the performance of other commodity markets for direction next week, brokers said.... Oil prices strike record high above $112 LONDON, April 12: Commodity prices mainly rose this week, led by crude oil, which struck a record high above $112 a barrel on the back of falling American energy stockpiles and the weak US currency, analysts said.... Wall Street lower NEW YORK, April 12: Wall Street faces a gut check in the coming week as an avalanche of earnings reports will show how well corporate America is holding up in the face of economic turmoil.... Paulson urges diligent IMF forex surveillance WASHINGTON, April 12 : The International Monetary Fund should sharpen its focus on currency exchange rate surveillance, challenges posed by sovereign wealth funds and supporting global financial market stability, US Treasury Secretary Henry Paulson said on Saturday....

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