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April 30, 2008 Wednesday Rabi-us-Sani 23, 1429 14,650 tons petrol exported, local price raised thrice KARACHI, April 29: While the price of petrol has been increased thrice in the last two months due to costly imports, Pakistan exported 7,500 tons and 7,150 tons of surplus petrol during March and February this year.... Trans-Asian energy system proposed RAWALPINDI, April 29: The United Nations has proposed a trans-Asian energy system for enhanced regional energy security for a sustainable social and economic development in the 21st century.... Billions lost in auto clearance KARACHI, April 29: The Customs Administrative Reforms (Care) fetched around Rs55.343 billion from auto clearance of imports in the last 19 months as against Rs94.841 billion collected by the appraisement collectorate.... Stocks plunge on reports of political deadlock KARACHI, April 29: Stocks on Tuesday failed to extend their overnight rally as a section of leading foreign and local investors liquidated in part their long positions in the oil and... Reconstituted PC Board meets today ISLAMABAD, April 29: Prime Minister Syed Yusuf Raza Gillani has reconstituted the Board of Privatisation Commission.... Two exchange companies suspended KARACHI, April 29: The State Bank of Pakistan on Tuesday suspended the licences of Time Exchange Company-B (Pvt) Limited, Karachi and Union Exchange Company-B (Pvt) Limited, Lahore for a period of... Oil slips LONDON, April 29: Oil prices tumbled on Tuesday from recent highs close to $120 as British refinery workers returned to work after a two-day strike that hit fuel supplies, analysts said.... Retail prices of rice, pulses set to go up KARACHI, April 29: Retail prices of rice and some varieties of pulses are set to hit a new peak following an increase in their wholesale prices on Monday as compared to last week.... PQA directors resign on tugs issue? ISLAMABAD, April 29: All members of Port Qasim Authority’s board of directors have tendered their resignation in protest against renting a tugboat at $8,500 per day without its approval.... Mills denied wheat by Thatta, Badin growers KARACHI, April 29: Millers in Karachi want the Sindh government to allow them purchase wheat from Dadu and Nawabshah districts as they are not able to procure wheat from Thatta, Badin... Exchange companies rules amended KARACHI, April 29: The State Bank of Pakistan has forced exchange companies to sell more imported dollars in the inter-bank market than a previous mandatory amount to streamline the current volatile... 102 firms declare results KARACHI, April 29: The financial results from companies came pouring in the stock exchange during all of the session on Tuesday.... Investment invited in IT sector ISLAMABAD, April 29: Pakistan provides an excellent opportunity for investment especially in the field of information technology, said Federal IT Minister Qamar Zaman Kaira.... Lint prices unchanged amid thin trading KARACHI, April 29: Cotton market on Tuesday maintained a firm trend as prices were quoted unchanged at the overnight levels amid thin trading.... HSBC opens head office in Karachi KARACHI, April 29: Hongkong and Shanghai Bank Corporation (HSBC) inaugurated its head office in Karachi on Tuesday with an expansion plan to exploit great potential for the growth of banking in the country.... Date extended for banks action plan KARACHI, April 29: The State Bank of Pakistan has extended the deadline to submit action plan regarding the minimum capital requirements under Basel-II.... Karachi Port operations KARACHI, April 29: Eight ships carrying DAP fertiliser, chemicals and to load ethanol are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, April 29: Three ships scheduled to load/offload containers, diesel oil and phosphoric acid were accommodated berths during the last 24 hours, said a PQA press release on Tuesday.... MoU signed KARACHI, April 29: Pak-Qatar General Takaful Limited (PQGTL) and Pak-Qatar Family Takaful Limited (PQFTL) have signed an memorandum of understanding with Dubai Islamic Bank Pakistan (DIBP).... Asian stocks close mixed HONG KONG, April 29: Asian stocks closed mixed on Tuesday as investors looked ahead to a key US central bank meeting expected to cut American borrowing costs.... Palm oil prices lower KUALA LUMPUR, April 29: Malaysian crude palm oil futures dropped 4.6 per cent on Tuesday, almost hitting a three-week low as vegetable oil prices weakened and on concerns that growth in exports had stalled.... Karachi market rates KARACHI, April 29: The following were Tuesday commodity market rates in rupees....

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