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February 21, 2008 Thursday Safar 13, 1429 Rupee gains 1.76pc against dollar KARACHI, Feb 20: The rupee responded positively to the peaceful elections on Wednesday as it recovered a sizable amount it had lost against the US dollar during the last couple of weeks.... Services export down by 22pc ISLAMABAD, Feb 20: Pakistan’s services exports dipped by 22 per cent in the first half of the current fiscal year over the same period of last year, suggest official data of the Statistics division issued on Wednesday....   KSE 100-share index hits new high at 14,829 points KARACHI, Feb 20: Stocks on Wednesday failed to extend the early run-up as a section of leading investors indulged in profit-selling amid fears that the transfer of power may not be... Unisame asked to lodge formal complaint: Rice cartels KARACHI, Feb 20: The Competition Commission of Pakistan (CCP) will take action against the rice cartels provided the representative bodies of the rice trade lodge a formal complaint, sources in the Union of Small and Medium Enterprises (Unisame) revealed on Wednesday.... Ghee, oil draw rush at utility stores KARACHI, Feb 20: The demand for subsidised ghee and cooking oil at the outlets of Utility Stores Corporation is increasing rapidly as their prices are almost half of open market rates.... SECP initiates action against leasing firm: CEO, board suspended ISLAMABAD, Feb 20: In a bid to safeguard shareholders’ interests, the Securities and Exchange Commission of Pakistan (SECP) has suspended the chief executive officer and the board of directors of Natover Lease & Refinance Ltd (NLRL) after detecting mismanagement and misappropriation.... Computerised vehicle registration books soon KARACHI, Feb 20: The motor vehicle registration (MVR) of the Sindh ministry of excise and taxation will issue computerised registration books to owners of new cars from March 1.... Commission resumes hearing against banks ISLAMABAD, Feb 20: The Competition Commission of Pakistan (CCP) on Wednesday resumed public hearing against alleged cartel-like behaviour of banks.... Corporate and fund results KARACHI, Feb 20: National Fullerton Asset Management Limited (Nafa) on Wednesday announced financial results of its funds for the half year ended December 31, 2008.... Oil prices rocket to record $100.40 LONDON, Feb 20: World oil prices raced to an historic high of $100.40 a barrel on Wednesday as the market was driven higher by renewed global supply jitters, analysts said.... TCP floats tender for sugar KARACHI, Feb 20: The Trading Corporation of Pakistan (TCP) has floated a tender for the purchase of 50,000 metric tons of refined sugar from local mills.... Cotton trading resumes on firm note KARACHI, Feb 20: Trading on the cotton market on Wednesday resumed on a firm note as ginners raised their asking prices after the election euphoria faded into the business demand.... Karachi Port operations KARACHI, Feb 20: Eight ships carrying palm oil, containers and to load kinno are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, Feb 20: Three ships carrying containers and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Wednesday.... US consumer prices rise slightly in Jan WASHINGTON, Feb 20: US consumer prices rose a slightly stronger-than-expected 0.4 per cent in January, largely due to rising gasoline and food costs, a government survey showed on Wednesday.... FPCCI team to visit Vietnam KARACHI, Feb 20: The President, Federation of Pakistan Chambers of Commerce and Industry, Tanvir Ahmad Sheikh, will lead a trade delegation to Hanoi, Vietnam, from March 23 to 27 on the invitation of Federation of Vietnam Chambers of Commerce and Industry.... Dollar gains LONDON, Feb 20: The dollar picked up some lost ground on Wednesday after higher-than-expected US inflation data undercut the accepted view that the US central bank will be able to continue cutting interest rates sharply.... UK public finances up on healthy tax receipts LONDON, Feb 20: Britain’s public finances enjoyed a record surplus in January, boosted by soaring tax receipts, figures showed on Wednesday.... Platinum falls LONDON, Feb 20: Platinum ended its record-setting streak after 14 straight days on Wednesday after profit-takers stepped in, but it is likely to recover after a breather because of persistent supply problems, analysts said.... Asian shares slide on $100 oil, credit worries HONG KONG, Feb 20: Asian shares tumbled on Wednesday after a surge in the crude oil price to around $100 per barrel and more credit market woe reignited worries about the global economic outlook.... Malaysian palm oil up JAKARTA, Feb 20: Malaysian crude palm oil futures rose nearly 1 per cent to hit a fresh peak on Wednesday as crude oil rose above $100 a barrel overnight.... Karachi market rates KARACHI, Feb 20: The following were Wednesday’s commodity market rates in rupees....

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