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January 05, 2008 Saturday Zilhaj 25, 1428 Ogra fixes Maximum LPG price at Rs63 KARACHI, Jan 4: The Oil and Gas Regulatory Authority (Ogra) has directed the LPG marketing companies and their distributors and retailers to ensure that the LPG is not sold for more... Industrialists demand better security KARACHI, Jan 4: Leaders of five major industrial hubs of the city on Friday demanded of the government to immediately take steps for security and safety of industries to avert December...   KSE 100-share index up by another 263 points KARACHI, Jan 4: The Karachi Stock Exchange (KSE) 100-share index on Friday soared by another 263 points or two per cent and settled well above its coveted level of 14,000 on... Dollar at six-year high against rupee KARACHI, Jan 4: The US dollar further gained against the weakening rupee reaching the six-year lowest level, reflecting signs of poor health of economy and rising demand of the greenback.... $2.9bn IPO MUMBAI, Jan 4: Reliance Power, a unit of Reliance Energy, plans to raise up to 2.9 billion dollars in what would be India’s biggest public offering, investment bankers said on Friday.... Dalda grabs Tullo in edible oil business KARACHI, Jan 4: The Dalda Foods (Pvt) Limited has acquired majority stake in the Wazir Ali Industries at a price of Rs25 per share, and on Friday the acquirer made through... Power supply to steel furnaces stopped LAHORE, Jan 4: Power supply to steel furnaces in the country will remain suspended for next 15 days, and all markets will be asked to pull down shutters during peak hours between 6.30pm... 2 power plants achieve financial closure ISLAMABAD, Jan 4: Financial closure has been achieved by the two power projects by Mansha Group, namely Nishat Power Project and Nishat Chunian Power Project, of 200 MW capacity each.... BD rice prices up DHAKA, Jan 4: Bangladesh’s army chief has expressed concern at the spiralling cost of rice in the impoverished country following the destruction of crops in natural disasters last year, a report said on Friday.... Cellular firm’s licence cancelled ISLAMABAD, Jan 4: The Pakistan Telecommunications Authority (PTA) has, with immediate effect, terminated the licence of Pakcom (Instaphone) on account of company’s failure to pay its outstanding dues.... Gas supply to 1,100 units still not restored LAHORE, Jan 4: The Sui Northern Gas Pipelines Limited (SNGPL) has partially restored gas supply to some 350 textile units in the Punjab and the NWFP.... Eurozone BRUSSELS, Jan 4: Inflation in the nations sharing the euro remained at 3.1 per cent in December, well above the European Central Bank’s preferred level, according to a first estimate from the EU’s Eurostat data agency on Friday.... Oil prices slide further from $100 LONDON, Jan 4: Oil prices extended losses on Friday as the market paused for breath after the week’s record breaking run to 100 dollars caused by worries over tight supplies and a weak dollar, traders said.... Inflation in India up to 3.5pc NEW DELHI, Jan 4: India’s inflation rate edged higher to 3.5 per cent as vegetables became costlier, official data showed on Friday.... Canadian trade minister to visit China OTTAWA, Jan 4: Trade Minister David Emerson will visit China and Mongolia between Jan 7 and 11 to pursue trade and investment opportunities, becoming the first senior official from Canada in a decade to visit Mongolia.... Weak job growth fuels US recession fears WASHINGTON, Jan 4: The US economy succumbed to housing and credit troubles in Dec as just 18,000 jobs were added and the unemployment rate rose to 5.0... Cotton prices soar to new seasonal peak KARACHI, Jan 4: Cotton prices on Friday soared to new seasonal peak level of 3,300 per maund as spinners and mills lifted another 40,000 bales amid panic created by the latest arrival figure of phutti into the ginneries.... ‘Chinese exports face barriers’ BEIJING, Jan 4: Chinese exports will face more technical barriers in the form of rising quality standards as the country’s trade surplus continues to rise, the Vice-Premier Wu Yi has said.... Acquisition KARACHI, Jan 4: Netherlands-based Akzo Nobel NV has acquired ICI Plc UK, the parent company of ICI Omricon BV which is the holding company of ICI Pakistan.... Karachi Port operations KARACHI, Jan 4: Three vessels carrying containers and general cargo are due to arrive at the outer anchorage on Saturday, according to KPT sources.... Asian shares close mostly higher HONG KONG, Jan 4: Asian shares closed mostly up on Friday despite a four per cent slump in Japan with the Indian and Malaysian bourses hitting record highs despite soaring oil prices and worries about the US economy.... European stocks mixed LONDON, Jan 4: Europe’s main stock markets performed mixed on Friday at the end of a tough week for global equities owing to record-high oil prices that risk fuelling inflation and slowing economic growth.... Malaysian palm oil slips KUALA LUMPUR, Jan 4: Malaysian crude palm oil futures edged lower on Friday as investors booked profits from a rally that pushed prices to record highs -- raising concerns about export growth, traders said.... Karachi market rates KARACHI, Jan 4: The following were Friday’s commodity market rates in rupees....

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