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December 07, 2007 Friday Ziqa'ad 26, 1428 Mismatched data raises doubts over credibility KARACHI, Dec 6: A more than $2 billion difference in trade imbalance figure shown by the Federal Bureau of Statistics (FBS) and those of State Bank of Pakistan during four months... Textile, clothing exports to rich states declining ISLAMABAD, Dec 6: Pakistan is losing share in textile and clothing market access in all the four developed countries in the post-textile quota regime to its three South Asian rivals, India,...   LPG firms asked not to increase prices ISLAMABAD, Dec 6: In its first post-deregulation effort, the caretaker government on Thursday influenced the public sector companies not to increase LPG prices that also resulted in the withdrawal of about... NIT chief says holders to be treated alike : Letter of Comfort KARACHI, Dec 6: The Ministry of Finance is deliberating on what to do with the Letter of Comfort (LoC) holders in National Investment Trust (NIT) in respect of their booking capital... USAID to offer more funds for horticulture : Task force meets today ISLAMABAD, Dec 6: The United States Agency for International Development (USAID) plans to offer additional financial assistance to Pakistan to help improve competitiveness of the horticulture sector.... Legal Dept tasked to remove irritants : Market reforms ISLAMABAD, Dec 6: The Securities and Exchange Commission of Pakistan (SECP) has appointed S. Tariq A. Husain as the commissioner of the newly-established Legal Department with prime objective of removing irritants in the way of ADB-funded second generation capital market reforms.... PTCL told to pay Rs137m property tax dues KARACHI, Dec 6: In a major decision, the Sindh excise and taxation department has asked the PTCL to immediately pay dues of property tax after the director-general Mohammad Asif Marghoob Siddiqui rejected its revision plea.... SBP to hold workshop on secured transactions KARACHI, Dec 6: The State Bank will hold a one-day workshop on ‘Strengthening Secured Transaction Reform Framework’ at the 11th of this month.... KSE elects five directors for 2008 KARACHI, Dec 6: The Karachi Stock Exchange (KSE) elected five directors for the new term, beginning on Jan 1, 2008.... Reserves KARACHI, Dec 6: Pakistan’s total liquid foreign exchange reserves stood at $15,764.7 million.... Bull-run continues on stock market KARACHI, Dec 6: Stocks on Thursday remained in a bullish frame of mind as investors continued building long positions at the current lower levels on the banking and oil counters amid an actively traded session.... Investors’ net KARACHI, Dec 6: Speakers at a seminar on “Karachi Stock Exchange: investment opportunities and potential’’ on Tuesday called for launching an awareness campaign to broaden investors’ net on the local share market.... Oil prices LONDON, Dec 6: Oil prices were firmer on Thursday as the market reviewed Opec’s decision to keep its current output levels and news of sharply lower crude inventories in key consumer the United States.... Buyers remain busy on cotton market KARACHI, Dec 6: Cotton market on Thursday showed firm trend as spinners and mills made fresh commitments at the prevailing prices amid an actively traded session.... Karachi Port operations KARACHI, Dec 6: Five ships carrying urea, coal and containers are due to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Dec 6: Three ships carrying containers and edible oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... Euro gains after ECB leaves rate steady LONDON, Dec 6: The euro turned firmer on Thursday, making solid gains after the European Central Bank chief Jean-Claude Trichet pointed to the possibility that eurozone interest rates could still head higher.... Gold falls on firming dollar LONDON, Dec 6: Gold fell further below the key $800 mark on Thursday, weighed by softer oil prices and a rising dollar that dulled the metal’s allure for non-US investors.... European shares higher LONDON, Dec 6: Europe’s main equity markets rose on Thursday amid investor caution before British and European interest rate decisions, with the banking sector in the spotlight, dealers said.... Palm oil prices lower KUALA LUMPUR, Dec 6: Malaysian crude palm oil futures fell as much as 2.5 per cent on Thursday to a five-week low, reeling after steep declines in crude and soyoil markets....

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