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April 27, 2008 Sunday Rabi-us-Sani 20, 1429 Surcharge put in KESC bills without notice KARACHI, April 26: Has Karachi Electric Supply Company started recovering enhanced fuel adjustment charge from its customers without giving a formal notice? This question is being raised by the industrial consumers,... US firm stops payments to textile exporters KARACHI, April 26: A US-based company of the Indian origin has stopped making payments against imports of home textiles from Pakistan, which is resulting in heavy losses to exporters.... Inflation up by 23.71pc ISLAMABAD, April 26: The weekly inflation, measured through the Sensitive Price Index (SPI), increased by 23.71 per cent during the week ended on April 25, over the corresponding period of last year, according to the Statistics Division data issued on Saturday.... ‘India to import more cement’ NEW DELHI, April 26: The Indian government would import more cement, if necessary, to address the demand-supply mismatch and to control prices in its domestic market.... Speculators dump dollars in open market: Rupee gains 90 paisa KARACHI, April 26: Speculators dumped dollars in the open market, causing a big slash of 90 paisa in greenback’s value.... Sindh industry ministry split into three KARACHI, April 26: The Sindh ministry of industries, commerce, labour and transport has been bifurcated into three ministries, namely industries & commerce, transport and labour under the new elected set-up.... 1st 12-metre draft vessel to berth at KICT KARACHI, April 26: The first-ever container vessel ‘MOL Affinity’ with a draft of 12 metres will berth at the Karachi International Container Terminal (KICT) on May 4, official sources said on Saturday.... NIT net asset value rises by 13.19pc KARACHI, April 26 The net asset value (NAV) of National Investment Trust (NIT) grew by 13.19 per cent to Rs63.59per unit from Rs56.18 (ex-dividend) during the nine months ended on March 31, 2008.... CFS rates show sharp increase KARACHI, April 26: The CFS rates on the Karachi Stock Exchange last week posted a sharp increase of 181 points at 13.52 per cent after having remained stable below 12 per cent for the last couple of weeks.... World exports of design goods touch $218bn RAWALPINDI, April 26: The world exports of design goods nearly doubled from $119.7 billion to $218.2 billion from 1996 to 2005, says a new report of the United Nations Conference on Trade and Development (Unctad).... China closes all but business visas till Sept KARACHI, April 26: The Chinese consulate has introduced stringent rules for visitors from Pakistan seeking business visa.... Online enrolment of firms soon ISLAMABAD, April 26: The Securities and Exchange Commission of Pakistan (SECP) will launch an e-Services project soon to facilitate the corporate sector in filing the documents for incorporation of companies and other event-based returns.... Treasury bills KARACHI: The Sate Bank of Pakistan sold Rs23.1 billion of Treasury bills on Saturday under three-day repo contracts at 8.80pc to mop up funds from the money market.—Reuters... Cotton consolidates overnight gains KARACHI, April 26: Cotton market consolidated the overnight gains on Saturday, scarring away spinners from the ready section, most of whom are claimed to be the victim of export parity levels, floor brokers said.... Karachi Port operations KARACHI, April 26: Five vessels carrying containers and coal are due to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, April 26: Berthing activity was brisk as six ships scheduled to load/offload containers, cement, palm oil, diesel oil and iron ore were allotted berths during the last 24 hours, said a PQA press release on Saturday.... Karachi market rates KARACHI, April 26: The following were Saturday commodity market rates in rupees.... Gold ends slightly higher NEW YORK, April 26: Gold ended a tad higher on Friday, rebounding from three-week lows as a sharp drop in a gold-backed exchange-traded fund put a damper on bullion’s initial rally on the back of surging crude oil.... New York cotton extends losses NEW YORK, April 26: Cotton futures closed lower on Friday due to late investor sales and in line with weaker soybean prices in Chicago, with brokers saying market direction will depend on what happens in the grains complex next week.... China may fail to contain inflation SHANGHAI, April 26: China will find it difficult to meet its target of limiting consumer price inflation to about 4.8 per cent this year, a senior official at the National Bureau of Statistics was quoted as saying.... Oil flirts with $120 LONDON, April 26: Record-breaking oil prices roared close to $120 this week as traders tracked supply concerns in Britain and Nigeria, and the changing fortunes of the US dollar, analysts said....

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