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September 08, 2006 Friday Sha'aban 14, 1427 MCB Bank plans to sell $150 million GDRs: Roadshows from 25th KARACHI, Sept 7: MCB Bank has planned to sell $150 million global depository receipts (GDRs) in the international market through roadshows starting from 25th of this month.... US sees huge investment opportunity in Pakistan ISLAMABAD, Sept 7: The United States sees significant investment opportunities in Pakistan, especially in power generation, ports, airports and other infrastructure projects, says Robert Adam Mosbacher, chief executive officer of the US Overseas Private Investment Corporation (OPIC).... High transport cost hampering GDP, exports ISLAMABAD, Sept 7: The higher transportation cost has severely constrained economic growth, competitiveness of Pakistan’s exports and improvement of people’s life. Official sources told Dawn on Wednesday that the World Bank,... Appellate forum yet to be set up: Challenging NTC decision ISLAMABAD, Sept 7: The government has failed to set up an appellate forum for the last three years against findings of the National Tariff Commission (NTC) in cases of anti-dumping, which is a violation of the Anti-Dumping Duties Ordinance, 2000.... PTA with Mauritius in November ISLAMABAD, Sep 7: Pakistan and Mauritius will sign a Preferential Trade Agreement (PTA), rule of origin and Customs cooperation pacts during the 5th session of their joint working group to be held in Islamabad in November this year.... State Bank reorganised to improve working KARACHI, Sept 7: The State Bank has announced to restructure its various departments and sections to improve their working. State Bank Governor Dr Shamshad Akhtar on Thursday communicated to the staff the revised organisation structure of the bank.... KSE 100-share index falls below 10,000-level KARACHI, Sept 7: The KSE 100-share index on Thursday breached through the barrier of 10,000 points as all base shares fell like ninepins in the absence of strong buying from any quarter owing partly to prevailing political uncertainty.... TCP to release 60,000 tons sugar KARACHI, Sept 7: The Trading Corporation of Pakistan (TCP) will release 60,000 tons of sugar at concessional rate in the local market to reduce prices and ensure smooth supply ahead of Ramazan.... Oil prices fall after jump in US inventory LONDON, Sept 7: World oil prices resumed their downward march on Thursday, striking a new five-month low in New York after official US data revealed a surprise jump in stocks of US gasoline, or petrol, traders said.... BoE leaves interest rate unchanged LONDON, Sept 7: The Bank of England held its key interest rate at 4.75 per cent on Thursday, opting against a further rise after last month’s surprise quarter-point increase.... Hong Kong textile fair KARACHI, Sept 7: The Association of Southeast Asia Nations (Asean) is making special efforts to dominate the world textile, fabric and garment market by inviting the European and other importers in the region to trade fairs.... Court scraps EU cotton aid regime LUXEMBOURG, Sept 7: The EU''s highest court ruled on Thursday that the European Union''s cotton aid regime, drawn up after difficult negotiations in 2004, must be scrapped.... Active trading on cotton market KARACHI, Sept 7: Cotton market on Thursday consolidated its overnight gains on active mill support at the prevailing prices, which seemed to have assumed the role of a benchmark suited both the buyers and the sellers, brokers said.... Ukraine to join WTO by year-end KIEV, Sept 7: Ukraine hopes to win membership in the World Trade Organisation (WTO) before the end of this year, the head of administration for President Viktor Yushchenko said on Thursday, Interfax reported.... Karachi Port operation KARACHI, Sept 7: Seven ships carrying soyabean oil, chemicals and steel are expected to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was active where seven vessels, Hyundai Highway, Iran Tabatabaei and Y.M.... Port Qasim KARACHI, Sept 7: A record cargo volume of 0.100 million tons comprising 0.073 million tons of import and 0.027 million tons of export tonnage was handled on Wednesday.... Indian plant to export 400,000 cars annually NEW DELHI, Sept 7: Japanese vehicle manufacturer Suzuki said on Thursday it was negotiating with Nissan Motor Co to build a factory in India that would export 400,000 vehicles annually.... UK body to look into banks’ charges LONDON, Sept 7: Britain''s consumer watchdog will look at fees that banks charge customers who go overdrawn, it said on Thursday, after winding up a months-long probe into penalties for the late payment of credit card bills.... Selection ISLAMABAD, Sept 7: The ministry of commerce has initiated the process of selecting trade officers in BS-18, 19 and 20 for posting in Pakistan missions abroad.An... Asian stocks lower HONG KONG, Sept 7: Asian stocks closed mostly lower on Thursday, extending losses after US wage data undercut the widely held view that the US Federal Reserve had no more reason to hike interest rates again, dealers said.... Gold prices steady LONDON, Sept 7: Gold failed to retain early gains on Thursday but was steady above $630 an ounce as investors were wary of chasing prices higher because of a firm dollar and weak oil prices, traders said.... Palm oil mixed KUALA LUMPUR, Sept 7: Malaysian crude palm oil futures closed mixed on Thursday as the market awaited next week''s export and stocks data....

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