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March 21, 2007 Wednesday Rabi-ul-Awwal 1, 1428 High money supply fuelling inflation KARACHI, March 20: The rate of growth in currency supply has reached the limit equal to the rate it grew during last year suggesting that the inflation trend would remain on escalating path.... Businessmen reluctant to book space at Expo KARACHI, March 20: About 60 per cent of the space at the Karachi Expo Centre is said to have been booked so far for setting up display stalls at the much-publicised... Coal port planned to meet future energy needs RAWALPINDI, March 20: The government has decided to establish a coal port with complete infrastructure for handling and transportation of imported coal at a green-field site in the coastal area of the country.... Steel industry seeks 10-year tax holiday KARACHI, March 20: The steel industry is seeking a 10-year tax holiday to enable it to face the growing competition by setting up modern and efficient plants to ensure its viability... Stocks stage comeback with 190 points gain KARACHI, March 20: Stocks on Tuesday were back on the rails followed by active short-covering on the selected counters aided by one month’s extension in the implementation of Client Level Netting (CLN) regime on the future market in May contracts.However,... Import bill of crude oil declines ISLAMABAD, March 20: The country’s import bill of petroleum crude declined by 4.05 per cent to $2.361 billion during the July-February period of fiscal year 2006-07 as against $2.461... World Cup defeat dampens TV sales KARACHI, March 20: The buying euphoria among the cricket fans in the TV market seems to have finally lost the enthusiasm with the shameful ouster of Pakistan from the World Cup 2007.... Textile exports up by 6pc ISLAMABAD, March 20: Export of textile products marginally geared up to $7 billion mark in the first eight months (July-Feb) of the current fiscal year, up by 6.01... Mediation centre for trade disputes starts working KARACHI, March 20: The Karachi Centre for Dispute Resolution (KCDR), an international standard mediation centre, has started functioning for speedy resolution of commercial cases.... Oil prices decline LONDON, March 20: Oil fell on Tuesday as lingering concerns over the health of the global economy overcame expectations for a drawdown in US gasoline stocks.... Active trading on cotton market KARACHI, March 20: Cotton market on Tuesday maintained a firm trend as spinners and mills made active covering purchases at the current levels fearing an increase in prices owing to an expected pressure on future ready supplies.... IFC to offer $1bn loan for private sector ISLAMABAD, March 20: The International Finance Corporation (IFC) plans to offer $1 billion new lending to Pakistan''s private sector to further promote its telecommunications sector and help meet the growing energy requirements of the country.... Revised criteria for Shariah advisers KARACHI, March 20: The State Bank has set new criteria for Shariah advisers in Islamic financial institutions and said the advisers should not hold position in any other institution.... Pact with China for checking smuggling signed PESHAWAR, March 20: Pakistan and China have signed an agreement for countering illegal movement of goods, says Central Board of Revenue Chairman Abdullah Yusuf here on Tuesday.... Humayun to attend G-33 meeting in Jakarta ISLAMABAD, March 20: The Group of 33 developing countries has convened a meeting in Jakarta to develop consensus on selection of special products which are not to be considered for duty reduction under the WTO agreement on agriculture.... European fund BRUSSELS, March 20: The World Bank is to manage a new 50-million-euro ($66-million) European fund to help reduce greenhouse gas emissions in emerging economies, it said on Tuesday.... New EU deal to cut rates of air tickets BRUSSELS, March 20: EU transport ministers are to give clearance on Thursday for plans to open up the transatlantic aviation market to tougher competition unless Britain throws a spanner in the works.... Banana import GENEVA, March 20: The World Trade Organisation said on Tuesday it would rule on Ecuador’s complaint about the EU’s banana import rules.... Gold prices LONDON, March 20: Gold steadied above $650 an ounce on Tuesday after erasing overnight gains, and dealers said the metal was expected to trade in a range in absence of clearer market direction.... Global PC sales WASHINGTON, March 20: Global sales of personal computers are expected to increase 10.5 per cent in 2007, getting little help from the new Windows Vista operating system, a market research firm said on Tuesday.... Palm oil up KUALA LUMPUR, March 20: Malaysian palm oil futures closed higher on Tuesday, driven by increase in soyabean oil prices on the Chicago Board of Trade.... European share markets ease LONDON, March 20: European equities pulled back on Tuesday in cautious trade on the eve of a US interest rate call, as investors digested the possible merger of British bank Barclays and Dutch peer ABN Amro, dealers said.... Asian stock markets firmer HONG KONG, March 20: Asian stocks closed mostly firmer on Tuesday as investors consolidated Monday''s sharp gains and settled down to wait for the US Federal Reserve''s meeting on interest rates, dealers said.... Karachi Port operations KARACHI, March 20: Five ships carrying containers and to load cement are due to arrive at the outer anchorage on Wednesday, according to KPT sources....

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