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August 16, 2006 Wednesday Rajab 20, 1427 LPG price shoots up to Rs58 KARACHI, Aug 15: The price of liquefied petroleum gas (LPG) has further surged to Rs57-58 from last week’s Rs46-50 per kg owing to what dealers described as shortage created by distributors... Delay in release of sugar causing Rs320m loss ISLAMABAD, Aug 15: The delay in releasing the sugar stock of over 891,000 tons lying with the Trading Corporation of Pakistan (TCP) will not only result into a loss of Rs320... Battery recall may not impact Dell’s finances SINGAPORE, Aug 15: The recall by US computer-maker Dell of about 4.1 million laptop batteries due to safety concerns will not have any material impact on the company’s finances, founder and board chairman Michael Dell said here on Tuesday.... Plan to boost export to $40bn in five years ISLAMABAD, Aug 15: The government is finalising an `export plan’ to increase Pakistan''s exports from $16.5 billion to $40 billion during the next five years. "A decision has been taken to... Pakistan pursuing to implement IPR laws ISLAMABAD, Aug 15: Prime Minister Shaukat Aziz has said Pakistan is pursuing the implementation of Intellectual Property Rights (IPR) laws with the objective to protecting the rights of all stakeholders, including investors.... OGDC profit rises 39.4pc KARACHI, Aug 15: Oil and Gas Development Company Limited (OGDC) announced its financial results for the year ending June 30, 2006 on Tuesday, posting a profit after tax at Rs46 billion, which represented an improvement of 39.4... Industry urged to improve efficiency KARACHI, Aug 15: Finance division secretary-general and Central Board of Revenue chairman Abdullah Yousuf said the industry had to improve its efficiency to make itself competitive in the world market.... KSE 100-share index sheds another 89 points KARACHI, Aug 15: Trading on the stock market on Tuesday resumed on a cheerless note, as leading investors remained conspicuous by their absence despite a higher final payout of 37.5... Oil prices continue falling LONDON, Aug 15: Oil prices fell on Tuesday amid the ongoing Middle East ceasefire and BP’s decision to keep pumping at Prudhoe Bay, but losses were capped as Iran rejected a UN resolution to halt sensitive nuclear work.... Investment BEIJING, Aug 15: Nigeria wants Chinese oil companies operating in its resource-rich Delta region to focus more on investment rather than simply shipping oil back home, its ambassador to China said on Tuesday.... Cotton trading fails to pick up KARACHI, Aug 15: After a two-day closure trading activity on the cotton market failed to pick up, as worried by the delivery problems owing to fresh rain in the Sindh cotton belt, spinners and mills kept to the sidelines.... PM calls for strategy to achieve export target ISLAMABAD, Aug 15: Prime Minister Shaukat Aziz has asked the ministry of commerce to prepare a strategy and make an all-out effort for achieving the export target of $18.6... Karachi Port operations KARACHI, Aug 15: Four ships carrying containers and coal are expected to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was active where a dozen ships were berthed during the last two days.... Port Qasim KARACHI, Aug 15: MSC Germany carrying containers was berthed at the QICT on Monday, while three ships, including two container ships and one chemicals carrier, sailed out during last 24 hours, said a PQA press release here on Tuesday.... Export house for SMEs KARACHI, Aug 15: The commerce ministry is planning to set up an SME Export House with the objective to promote export trade of small and medium enterprises.... Asian stocks mixed HONG KONG, Aug 15: Asian stocks closed narrowly mixed on Tuesday with investors taking to the wings ahead of key economic data due out of the US and possible leads on the future of interest rates.... European stocks lower LONDON, Aug 15: European stock markets ticked lower on Tuesday as investor concerns over inflation offset enthusiasm following the ceasefire in the Middle East, dealers said.London''s... Palm oil prices SINGAPORE, Aug 15: Malaysian crude palm oil futures ended lower on Tuesday, giving up gains earlier in the day, but traders said buoyant demand from Europe and China was likely to support prices this week....

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