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April 20, 2008 Sunday Rabi-us-Sani 13, 1429 Higher freight cost pushes up prices KARACHI, April 19: The thrice increase in petroleum prices during the last one-and-a-half months has pushed up transportation cost of commodities, thus making an initial impact of Rs1.50... Govt has no plan to privatise Port Qasim: minister KARACHI, April 19: Federal Minister for Ports and Shipping Syed Naveed Qamar said on Saturday that the government has no plan to privatise Port Qasim.... Leverage buying at Rs84bn suggests caution KARACHI, April 19: When the bulls begin to charge, they usually do it relentlessly. Analysts and equity market followers tire of repeating the same old phrase every passing day: ‘The KSE-100 index has hit record high’.... Gulf countries assure economic assistance ISLAMABAD, April 19: The Gulf states have assured the newly established democratic government of massive economic assistance and investment in Pakistan.... Oil buyers, sellers say price beyond control ROME, April 19: Oil at $117 a barrel has left energy producers and consumers in rare agreement there is little they can do for now to prevent prices rising higher still.... Pak-China trade figures disparity questioned KARACHI, April 19: The difference of more than two billion dollars in the two-way trade figures between China and Pakistan, being given by the customs of two countries, is creating a... Bt cotton benefits Indian economy KARACHI, April l9: The spectacular growth of Bt cotton in India has delivered unprecedented benefits to its economy.... Weekly inflation goes up by 22.71pc ISLAMABAD, April 19: The weekly inflation, measured through the Sensitive Price Index (SPI), increased by 22.71pc during the week ended on April 18, over the corresponding period last year, according to the Statistics Division data issued on Saturday.... WB, IMF told to refocus on food supply LONDON, April 19: The head of the World Trade Organisation, Pascal Lamy, called on the World Bank and International Monetary Fund to take action to help tackle rising food prices in an interview on Saturday.... Hoarders, smugglers control rice market KARACHI, April 19: Amid fast depleting stocks and soaring prices of all varieties of rice, small and medium traders and exporters have totally been wiped out from the scene.... Pakistan to explore Canadian IT market ISLAMABAD, April 19: The Pakistan Software Export Board is all set to explore opportunities in the information technology (IT) market in Canada, said PSEB Manager Director Yousaf Hussain here on Saturday.... Iran to accept rise in Turkmen gas price TEHRAN, April 19: Iran would accept a “logical increase” in the price of natural gas imported from neighbouring Turkmenistan, a senior energy official was quoted as saying on Saturday.... Karachi Port operations KARACHI, April 19: Ten ships including a car carrier and a sugar loader to load 13,000 tons of sugar are expected to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, April 19: Three ships planned to load/offload containers, palm oil and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Saturday.... Cotton market ends on cheerless note KARACHI, April 19: The cotton market closed the weekend session on cheerless note as both buyers and sellers kept to the sidelines as their price ideas failed to find a meeting ground.... Malaysia plans to boost food security KUALA LUMPUR, April 19: Malaysia announced a $1.3 billion plan on Saturday to boost food security by building stockpiles, raising rice output and reining in inflation.... IATA chief urges consolidation GENEVA, April 19: The global airline industry is fragmented and suffers from over-capacity, the head of the industry association IATA said on Saturday, urging speedy approval of a proposed takeover of US carrier Northwest Airlines by rival Delta Air Lines.... Commodity prices strike record highs LONDON, April 19: Commodity prices struck new record highs this week, led by oil which surged above $116 for the first time, as investors favoured raw materials, including metals, over a tumbling US dollar.... IEA goes all out to estimate global crude reserves RIYADH, April 19: The International Energy Agency is striving to evaluate the remaining lives and reserves of 400 major oil producing wells in the world. The analytical report is aimed at... US stocks higher NEW YORK, April 19: US shares roared higher on Friday as investors cheered earnings reports from Citigroup, Google and other big companies indicating that ongoing financial turmoil may be winding down, analysts said.... French port workers extend strike MARSEILLE (France), April 19: French port workers dug in Saturday as unions extended strike action at the country’s biggest cargo terminals in Marseille, Le Havre, Nantes and Rouen into next week.... Karachi market rates KARACHI, April 19: The following were Saturday commodity market rates in rupees....

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