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April 06, 2008 Sunday Rabi-ul-Awwal 28, 1429 Mills still getting wheat at Rs465 MULTAN, April 5: Despite the increase in procurement price of wheat to Rs625 from Rs510 per 40kg, the food departments all over the country are still releasing wheat to flour mills at Rs465.... Aptma opposes move to resume hedge trading LAHORE, April 5: All Pakistan Textile Mills Association, Punjab chapter, has expressed concern over the move by some vested interests to resume futures trading in cotton.... Sindh told to speed up collection: Cotton standardisation fee KARACHI, April 5: The textile industry ministry has pressed the Sindh government to expedite collection of cotton standardisation fee while the ginners say that they are already paying cotton fee and the new tax is tantamount to “double taxation.”... EU backs reforming of IMF voting quotas BRDO, Slovenia, April 5: The European Union backs a proposal put forward by the International Monetary Fund’s executive board to give countries like China and India more voting rights within the lender, EU president Slovenia said.... SBP again extends date for CNIC submission KARACHI, April 5: The State Bank of Pakistan on Saturday once again extended the deadline for submission of a copy of Computerised National Identity Card for an accountholder.... Debate to replace Saudi oil with Canadian oil sands RIYADH, April 5: With the world looking to explore new, feasible and sustainable alternatives sources of energy, the ongoing debate -- if the Canadian oil sands is clean enough to be... Import duty on phosphate abolished ISLAMABAD, April 5: The government has exempted phosphate rock ground used in manufacturing of fertiliser from five per cent import duty.... Economy under pressure: Yusuf LAHORE April 5: Federal Board of Revenue Chairman Abdullah Yusuf has said that the economy was under pressure due to revenue shortfall of Rs35 billion during the first nine months of the current financial year.... March revenue collection short by Rs17bn ISLAMABAD, April 5: The Federal Board of Revenue (FBR) has witnessed a shortfall of over Rs17 billion in revenue realisation in March 2008 over the same month last year raising fears of missing the annual target.... Asia-Pacific region needs to develop energy resources RAWALPINDI, April 5: The United Nations Regional Commission for Asia and the Pacific, in a new report, says that the region would become self-sufficient in meeting its demand for energy if the abundant energy resources could be developed and shared optimally.... Investment under CFS rises KARACHI, April 5: The CFS rates on the Karachi Stock Exchange last week showed a fractional fall of 20 basis points at 11.90pc as a section of investors played safe apparently... Cabinet soon to review economic situation KARACHI, April 5: Federal Finance Minister Ishaq Dar has promised to present before the people a true picture of national economy some time next week before he leaves for Washington to attend a World Bank/IMF meeting.... Wheat crop size seen expanding after rains LAHORE, April 5: Farmers expect the wheat production for this year to increase by half a million to one million tons in the central and northern Punjab as most parts of... ZTBL to start lending for Kharif crop from 7th ISLAMABAD, April 5: The Zarai Taraqiati Bank Limited (ZTBL) will start lending for Kharif crop under its one-window operation (Zarkhaiz Scheme) from Monday, April 7.... Cotton maintains bullish outlook KARACHI, April 5: Cotton market maintained a bullish outlook on Saturday on the perception that a fall of over a million bales in the total crop could trigger panic mill buying in the coming weeks.... European workers rally for higher pay LJUBLJANA, April 5: Thousands of workers from across Europe took to the streets of the Slovenian capital on Saturday, calling on EU governments to allow them the pay raise they say they deserve after two years of strong economic growth.... Dollar tight supplies impact commodity prices LONDON, April 5: Volatility gripped commodity markets this week as traders reacted to the dollar’s performance and stretched global supplies of raw materials, analysts said.... Iran expects Turkmen gas deliveries to resume soon TEHRAN, April 5 : A senior Iranian energy official expressed hope on Saturday Turkmen gas deliveries to the Islamic Republic would resume soon, more than three months after Turkmenistan halted the flow citing technical problems.... Yahoo given deadline to agree takeover offer SAN FRANCISCO, April 5: Yahoo Inc has three weeks to accept Microsoft Corp.’s $31 per share cash-and-stock offer or Microsoft will mount a proxy battle to win investor support for the takeover, Microsoft said on Saturday.... New York cotton finishes up NEW YORK, April 5: Cotton futures closed firmer Friday on switch trade and buying by some small investors inspired in part by the steady tone of grains prices, brokers said.... Dollar lower NEW YORK, April 5: The dollar sustained fresh losses on Friday in the wake of a government survey that showed US employers shed a surprisingly high number of jobs during March amid rising economic angst.... Karachi market rates KARACHI, April 5: The following were Saturday commodity market rates in rupees....

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