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March 02, 2008 Sunday Safar 23, 1429 Oil hike to push up essentials prices KARACHI, March 1: With the current hike in petroleum prices, dealers of essential commodities have initially estimated an increase of paisa 50 to Re1 per kg in the prices of various... PC fails to compile report for 2006-07 KARACHI, March 1: The Privatisation Commission (PC) has not come out with its annual report for 2006-07 after expiry of nine months. “We are compiling data for the annual report and...   Team leaves for Delhi to review Safta issues ISLAMABAD, March 1: An official delegation left for New Delhi on Saturday to review the recommendations of various sub-committees for implementation of certain issues under the South Asia Free Trade Agreement (Safta).... Portfolio investment up after elections KARACHI, March 1: The proclamation of state of emergency in the country last year proved ‘fatal’ for foreign investments in the shares market, while elections brought a vital change, as for... Stock Index Futures to enter market from 3rd KARACHI, March 1: The Karachi Stock Exchange (KSE) proposes to introduce Stock Index Futures to the market from Monday, March 3.... Gold prices hit fresh record KARACHI, March 1: The yellow metal made a new history on Saturday, hitting a record Rs19,500 for 10 grams from Rs19,400 on Friday owing to rising gold prices in the world market.... KCA seeks to resume cotton hedge trading KARACHI, March 1: The Karachi Cotton Association (KCA) has asked the caretaker minister for commerce, textile industry, privatisation and investment Shahzada Alam Monnoo to allow KCA to resume hedge trading in cotton as it was doing this practice since 1934.KCA... Export target to be achieved: minister KARACHI, March 1: Federal Minister for Commerce, Textile, Privatisation and Investment, Shahzada Alam Monno said on Saturday the country’s economy was performing well and that the export target will be achieved.... Cane growers, mills facing financial problems KARACHI, March 1: The sugarcane growers in Sindh are not getting payments for their produce from the mills which claim to be facing an acute liquidity problem because they are not... ‘Branding, marketing can boost exports’ ISLAMABAD, March 1: Branding and aggressive marketing endeavours are vital to compete and capture the attention of international market which would help increase exports for a sustainable economy.... Raise in power tariff, oil prices widely criticised KARACHI, March 1: Federation of Pakistan Chambers of Commerce and Industry President Tanvir A. Sheikh has said the economy is not in a position to absorb the negative impact of sharp... Conversion rates KARACHI: The following are March 3 State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, and special US dollar bonds.... Short supply keeps lint prices steady on brisk demand KARACHI, March 1: Cotton market closed the weekend session on a firm note as ginners remained in a commanding position aided partly by short supply and partly to the continued price flare-up on the New York Cotton Exchange.... Karachi Port operations KARACHI, March 1: Five ships carrying palm oil, containers and to load ethanol are due to arrive at the outer anchorage on Sunday, according to KPT sources.Berthing... Port Qasim KARACHI, March 1: Six ships carrying containers, palm oil and crude oil were accommodated berths during the last 24 hours, said a PQA press release on Saturday.... US to cut food aid WASHINGTON, March 1: The United States will drastically reduce emergency food aid to some of the poorest countries this year because of soaring food prices, The Washington Post reported on Saturday.... Russian gas to Ukraine KIEV, March 1: Ukraine’s Prime Minister Yulia Tymoshenko gave assurances on Saturday that Russia would not go ahead with a threatened cut in gas supplies next week.“I... Commodity prices reach historic heights LONDON, March 1: Oil, gold and tin prices soared to historic highs this week on buoyant demand for commodities on the back of a sliding dollar.... Wall Street closes lower NEW YORK, March 1: Bleak news on the US economy and the corporate sector sent Wall Street into a tailspin on Friday with steep losses for the main indexes.... Chinese bank gets green light to buy stake in US bank BEIJING, March 1: China Minsheng Bank has been given the green light by regulators to buy a stake in UCBH Holdings Inc, in the first strategic investment by a Chinese lender in a US bank, state media reported.... New York cotton surges NEW YORK, March 1: Cotton futures settled sharply higher at a 4-1/3-year high on Friday on aggressive fund buying, dealers said.The funds have been just smoking it.... Dubai bourse names 2 new directors DUBAI, March 1: The Dubai International Financial Exchange (DIFX), of which Nasdaq Stock Market Inc downs around a third, said on Saturday it had named two new board members after the completion of the OMX acquisition.... Dollar takes a fresh drubbing NEW YORK, March 1: The ailing US dollar took a fresh drubbing on Friday, briefly slumping to yet another record low against the euro, as traders voiced increasing concern about the fragility of the US economy.... Karachi market rates KARACHI, March 1: The following were Saturday’s commodity market rates in rupees....

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