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March 26, 2008 Wednesday Rabi-ul-Awwal 17, 1429 Sindh told to enforce official wheat price KARACHI, March 25: The federal government has advised the Sindh government to take harsh administrative steps for wheat procurement from farmers at Rs510 for 40kg.... Certificates of bike makers held back KARACHI, March 25: The Engineering Development Board (EDB) has held back provisional certificates of the Chinese bike makers endangering registration of two-wheelers....   MOL Pakistan signs $119m contract ISLAMABAD, March 25: MOL Pakistan, the operator of Tal Block on has signed a $119 million contract with the consortium of PDIL for the development of Manzalai Field Surface Facilities.... Late profit-selling halts KSE upturn KARACHI, March 25: Stocks on Tuesday ran into technical selling on selected counters at the higher levels under the lead of cement and oil shares but the underlying sentiment remained uppishly inclined, thanks to the presence of support at the dips.... ‘Non-Shariah income will go to charity account’ KARACHI, March 25: The State Bank of Pakistan has empowered Shariah advisers of Islamic banks that if any income is declared as non-Shariah compliant, the entire amount will be credited to ‘charity account’ opened for this purpose.... Cash margin in CFS Mk-II modified KARACHI, March 25: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday agreed to waive the requirement of initial margin in ‘cash’ under the CFS Mk-II, removing a major hurdle... Demutualisation at ISE begins ISLAMABAD, March 25: M/s Ferguson has started the valuation of Islamabad Stock Exchange (ISE) as a part of the demutualisation of all the three stock exchanges of the country.... S&P sees 6pc fiscal deficit for 2007-08 KARACHI, March 25: Despite easing of political risks, credit rating of Pakistan is still at the stake as the both the fiscal and current account deficits are potential threats for the economy in the eyes of international analysts.... Eight rice hybrids evaluated ISLAMABAD, March 25: The Variety Evaluation Committee (VEC) on Rice here on Tuesday evaluated eight rice hybrids and recommended Emkay-H401.... SBP injects Rs22.8bn KARACHI, March 25: The State Bank of Pakistan again pumped Rs22.8 billion into the banking system on Tuesday to save banks from a prolonged severe dry spell.... Cotton market maintains steady trend KARACHI, March 25: Cotton market maintained a steady trend on Tuesday as spinners and mills resumed their normal operations after hopes of a fresh decline in prices dashed owing to sustained rebound staged by the international markets.... Banks cartelization ISLAMABAD, March 25: The decision to determine whether banks were involved in any sort of cartelisation or otherwise will be announced by the Competition Commission of Pakistan in the first week of April, sources told APP here on Tuesday.... KCCI, TDAP agree to categorise products KARACHI, March 25: The Karachi Chamber of Commerce and Industry and the Trade Development Authority of Pakistan have agreed to categorise Pakistani products to capture maximum share in Chinese and Malaysian markets.... Oil slips on demand concerns LONDON, March 25: Oil edged down on Tuesday for the fourth straight day as fresh concerns about weaker demand in top oil consumer the United States tempted some players to cash in.... ‘E-Services Project’ KARACHI, March 25: The Securities and Exchange Commission of Pakistan (SECP) will launch E-Services Project in the next few weeks.... Karachi Port operations KARACHI, March 25: Nine ships carrying containers and to load cement and molasses are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, March 25: Four ships carrying containers, furnace oil and iron ore were accommodated berths during the last 24 hours, said a PQA press release on Tuesday.... Asian stocks soar on Wall Street’s lead HONG KONG, March 25: Asian stocks resumed their rollercoaster ride on Tuesday with benchmarks heading sharply higher on Wall Street’s lead and hopes the US economic outlook might improve.US... Gold bounces as dollar weakens LONDON, March 25: Gold rebounded on Tuesday after the dollar resumed its downward trend, but weaker oil prices reduced the metal’s appeal as a hedge against inflation and capped gains, analysts said.... Palm oil prices rise KUALA LUMPUR, March 25: Malaysian crude palm oil futures rose 4.8 per cent on Tuesday as investor confidence gathered strength on rising prices of rival soyaoil and solid demand for vegetable oils, traders said.... Karachi market rates KARACHI, March 25: The following were Tuesday’s commodity market rates in rupees....

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