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February 28, 2007 Wednesday Safar 10, 1428 Poultry price jumps by Rs24 per kg in 2 months KARACHI, Feb 27: Poultry industry continues to play havoc with broiler prices further pushing them up to Rs90 on Tuesday from Rs88 per kg on Monday.... Client-level netting elimination as per schedule KARACHI, Feb 27: The Karachi Stock Exchange sea-sawed the whole trading session on Tuesday as rumours of extension in elimination of client-level netting (CLN) did the rounds, fortified by a footage run by an electronic news channel.... Irri-6 worth $160 million exported in 5 months KARACHI, Feb 27: The country earned around $160 million by exporting 0.7 million tons of Irri-6 rice at an average price of $226 per ton (fob) during the last five months (Oct to Feb).... Export cargo delayed for narcotics check KARACHI, Feb 27: Exporters have complained of frequent shut-out of containerised cargo held back by Anti-Narcotics Force (ANF) for inspection. Many export consignments fail to catch up with shipment schedules resulting cancellation of orders or incurring higher air-freight cost to them.... Pakistan Savings may get formal approval soon ISLAMABAD, Feb 27: The ministry of finance has decided to convert the Central Directorate of National Savings (CDNS) into an autonomous Pakistan Savings, expected to be formally approved by the federal cabinet in its next meeting.... Aptma for withdrawal of power tariff hike KARACHI, Feb 27: The All-Pakistan Textile Mills Association (Aptma) has expressed anguish over a 10 per cent hike on electricity tariff which it said may deal a death blow to industry because of an additional financial impact of billions of rupees.... OGDCL gets 70pc working interest in Guddu Block ISLAMABAD, Feb 27: The Oil and Gas Development Company Limited (OGDCL) has announced acquisition of 70 per cent working interest along with operatorship in Guddu Block for IPR Transoil Corporation (IPRTOC).... Problem in applying for internship scheme KARACHI, Feb 27: Young educated population of the country aspiring to apply for the internship programme of the government is said to be facing difficulty in applying online as the address... Stocks cut losses on fresh short-covering KARACHI, Feb 27: Share market on Tuesday resisted larger fall as dividend-linked news triggered active short-covering on some of the counters at the overnight lows amid an actively traded session.... Oil prices rise LONDON, Feb 27: Oil prices extended gains on Tuesday as the United States and its allies maintained pressure for tougher sanctions to curb Iran’s nuclear programme, dealers said.... Dollar falls LONDON, Feb 27: The European single currency hit its highest level against the dollar since the start of 2007 on Tuesday following the publication of mixed economic data in the United States, analysts said.... Slow HK exports HONG KONG, Feb 27: Growth in Hong Kong''s exports slowed in January to 9.2 per cent year-on-year, down from 13.7 per cent in December, the government said on Tuesday, sparking analysts'' warnings that worse was to come.... Sales tax revenue short by Rs10bn in six months ISLAMABAD, Feb 27: The collection of sales tax remained short of the target by Rs10 billion during the first half year (July-December) of the fiscal year 2006-07.... Karachi Port operations KARACHI, Feb 27: Eight ships carrying containers, coal and to load cement are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Trading picks up on cotton market KARACHI, Feb 27: After last couple of sessions’ relative lull on the cotton market stray activity was witnessed as some of the spinners and mills resumed their covering operations against forward sale of textiles.... Port Qasim KARACHI, Feb 27: Brisk shipping activity was witnessed at the port where vessels carrying containers, machinery and furnace oil were accommodated on berths at QICT, MPT and Fotco terminal during the last 24 hours.... Qatar plans to buy French firm DOHA, Feb 27: Qatar''s foreign minister is to visit France this week to look at buying into the EADS which produces the Airbus, a French deputy minister said.... PM briefed on OPIC moot ISLAMABAD, Feb 27: Prime Minister Shaukat Aziz has said that the forthcoming Overseas Pakistanis Investment Conference (OPIC) being held in Islamabad should effectively be used to galvanise maximum number of overseas Pakistanis to invest in Pakistan.... New Toyota plant WASHINGTON, Feb 27: Japanese auto giant Toyota announced plans on Tuesday to build its eighth North American factory in the southern state of Mississippi, a $1.3... Underwater telecom cable TOKYO, Feb 27: Japanese and Russian telecom companies signed on Tuesday a deal to build a new underwater cable to speed up communication between Asia and Europe and serve as a backup in disasters.... Asian stocks close lower HONG KONG, Feb 27: Asian stocks closed sharply lower on Tuesday with regional benchmarks following Wall Street''s lead and Shanghai grabbing the spotlight after taking a serious beating.... Inflation WIESBADEN (Germany), Feb 27: Prices of goods imported into Germany rose by just 0.7 per cent on a 12-month basis in January, much slower than in previous months as a result of easing energy prices, official data showed on Tuesday....

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