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September 14, 2006 Thursday Sha'aban 20, 1427 Industries’energy needs to be met: President assures investors BRUSSELS, Sept 13: President Gen Pervez Musharraf on Wednesday assured foreign investors of fully meeting energy requirements of their industries in Pakistan on a sustained basis and invited Belgian investors to... Stamp duty on shares raises its ugly head KARACHI, Sept 13: Stamp duty on transfer of shares raised its ugly head on Wednesday, when a four-page letter issued by the government of Sindh to Central Depository Company (CDC) pointed... Contest for seats on Hubco board on 20th KARACHI, Sept 13: As many as 19 shareholders have declared their intent to fight for a seat on the 12-member board of directors of the Hub Power Company Limited (Hubco), an announcement made by the company on Tuesday said.... FTA to enhance trade with Malaysia KARACHI, Sept 13: The volume of trade between Malaysia and Pakistan will definitely improve after signing of a Free Trade Agreement (FTA) between the two countries, said Malaysian Deputy Minister for... Jewellery exports to be raised BANGKOK, Sept 13: Federal Minister for Industries, Production and Special Initiatives Jehangir Khan Tareen said on Wednesday the government aimed to enhance the export of gems and jewellery from $23 million... Singapore eyes cuts of Asia’s trading surpluses SINGAPORE, Sept 13: Singapore, the host of the World Bank, IMF annual meetings hopes the event to propel it up the league of global financial centres.... 0.10pc duty on share transfer triggers panic-selling KARACHI, Sept 13: Stocks on Wednesday failed to sustain the overnight CFS-aided run-up on panic-selling followed by reports that brokers had been directed to deposit stamp duty under the amended act on electronic transfer of shares at the rate of 0.10pc... Oil prices rise after hitting 6-month low LONDON, Sept 13: World oil prices rose slightly on Wednesday, but after striking fresh multi-month low points on easing supply concerns, traders said. New York’s main contract, light sweet crude for delivery in October, climbed 43 cents to $64.19... Deal signed to launch 1st Islamic income fund KARACHI, Sept 13: Al Meezan Investments will launch the first Islamic Income Fund. It will be an open-end fund with a unit value of Rs50. Mohammad Shoib, chief executive, Al Meezan... Lease deal for textile city signed KARACHI, Sept 13: The Port Qasim Authority (PQA) and Pakistan Textile City on Wednesday signed a lease agreement for the land to be used for the first textile city.... Active buying as lint prices ease KARACHI, Sept 13: Cotton market on Wednesday witnessed a brisk trading activity as spinners and mills made active short-covering as some of the ginners lowered their asking prices followed by reports of steady arrivals of phutti into the ginneries.... Pakistan seeks Polish investment in tractors making ISLAMABAD, Sep 13: Acting President Mohammedmian Soomro on Wednesday said that Pakistan being an agrarian country had a big market for tractors with competitive prices, durability and efficiency.... Airbus may announce production delays LONDON, Sept 13: European aircraft manufacturer Airbus may have to announce further production delays for its A380 superjumbo jet and seek a fresh cash injection from shareholders, the head of British aerospace group BAE Systems said on Wednesday.... British jobless rate drops LONDON, Sept 13: British unemployment fell for a second month in a row in August, official data showed on Wednesday, but the data was overshadowed by a probe into why British Prime Minister Tony Blair broke an embargo on the release.... Karachi Port operations KARACHI, Sept 13: Three ships carrying sugar, coal and containers are expected to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was modest... Port Qasim KARACHI, Sept 13: Three carrying containers, edible oil and sugar arrived at the outer anchorage during the last 24 hours, said a PQA press release on Wednesday.... Prgmea chief KARACHI, Sept 13: Abdur Rahman has been elected chairman of the Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) Sindh-Balochistan zone for the year 2006-07.... Nigerian oil VIENNA, Sept 13: Nigeria is losing about 872,000 barrels per day in oil production due to unrest and most of the shortfall is expected to last about six months, the West African country''s oil minister said on Wednesday.... Tea auction NAIROBI, Sept 13: Prices of Kenyan tea were mixed at this week''s auction held on Tuesday, with top grade Brighter Pekoes Ones firming and many prices easing as the sale progressed, brokers said on Wednesday.... Asian stocks bounce HONG KONG, Sept 13: Asian stocks staged a solid technical rebound on Wednesday, helped by a better performance on Wall Street as investors looked on the bright side of lower oil and commodity prices, dealers said.... Palm oil lower BANGKOK, Sept 13: Malaysian crude palm oil futures fell on Wednesday morning, dragged down by lower prices of rival soyoil, dealers said. The benchmark third-month November contract on the Bursa Malaysia... European shares rise LONDON, Sept 13: European stock markets rose on Wednesday, with fashion retailers leading the way in London, after Wall Street gained overnight on weaker oil prices, dealers said.London''s...

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