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May 27, 2007 Sunday Jamadi-ul-Awwal 10, 1428 Govt may intervene to bring down flour prices KARACHI, May 26: Sindh Food and Agriculture Adviser Ghulam Murtaza Jatoi has warned wheat traders that the government will start releasing its stocks from the next month if wheat flour prices continue to rise despite suspension of wheat export.... Elusive privatisation of Pakistan State Oil KARACHI, May 26: That the government has pushed forward the deadline for privatisation of Pakistan State Oil — the country’s largest oil marketing company — to the next fiscal year comes as no surprise....   Tomato prices go up to Rs60 a kg KARACHI, May 26: Owing to a sharp increase in the rates of rice, milk, tomato, potato and other commodities ahead of the budget, the common man has started feeling the brunt of price-spiral.... WTO proposes lower tariffs on farm products: Poor nations GENEVA, May 26: The World Trade Organisation on Saturday proposed sharply lowering tariffs on some agricultural products from poorer countries in exchange for them reducing trade protection measures.... S. Arabia inflation on decline RIYADH, May 26: Saudi Arabia’s annual inflation rate was 2.2 per cent in the first quarter of this year, the central bank said on Saturday, showing its first decline in several months.... Bright prospects of increase in trade with India ISLAMABAD, May 26: The volume of two-way trade between Pakistan and India may reach $10 to 15 billion per annum in case of trade liberalisation by removing tariffs and non-tariff barriers, said a senior Pakistani diplomat.... EOBI earns Rs2.091bn in 10 months KARACHI, May 26: The Employees Old-Age Benefits Institution (EOBI) in a short period of three years has become one of the major players in stock market.... Qatar offers to make $2 billion investment ISLAMABAD, May 26: Qatar has identified five major areas to make over $2 billion new investment that also includes an industrial zone and an important power project in Pakistan, a senior government official told Dawn on Saturday.... Eurobond attracts global investors ISLAMABAD, May 26: Prime Minister Shaukat Aziz said on Saturday the Eurobond had attracted investors from all over the world especially from the Asia, Europe and the United States of America.... Jordan for initiating FTA talks ISLAMABAD, May 26: The Jordanian government has agreed to initiate negotiations on a Free Trade Agreement (FTA) with Pakistan to increase the volume of bilateral trade.... Dubai gold sales value up 32pc DUBAI, May 26: Dubai gold sales rose 32 per cent in value in April from the same month a year earlier as prices stabilised, a top Dubai Gold and Jewellery Group... Lint prices move up on active demand KARACHI, May 26: Cotton market on Saturday showed a firm trend as ginners further raised their asking prices in sympathy with the world markets, notably New York cotton futures.... Karachi Port operations KARACHI, May 26: Seven ships carrying cars, palm oil and coal are due to arrive at the outer anchorage on Sunday, according to KPT sources. Berthing activity at the wharves was... Port Qasim KARACHI, May 26: Four ships carrying rice, coal and containers were allotted berths during the last 24 hours, said a PQA press release on Saturday.... China warns students to stay away from bourse SHANGHAI, May 26: China’s education ministry has advised college students trying to cash in on the nation’s booming stock market to stay away, state media has reported.... Indian role in Saarc criticised DHAKA, May 26: Smaller trading partners in expanding eight-nation Saarc realm continued whining about apathy of bigger player, India, to make long-conceived South Asian Free Trade Area (Safta) operational.... Contract for LNG signed ALGIERS, May 26: Algeria will begin selling liquefied natural gas (LNG) to Brazil next year under the terms of a new contract signed here on Saturday, according to the north African country’s national energy company.... Exploration CARACAS, May 26: Venezuelan state oil company PDVSA and Spain’s Repsol have signed an agreement to jointly explore the Barua Motatan oil field that could yield up to 40,000 barrels per day (bpd), PDVSA said late on Friday.... Brent oil price races towards $72 per barrel LONDON, May 26: Oil prices in London leapt to almost $72 a barrel this week, energised by simmering tensions over key crude producers Iran and Nigeria, and weak motor fuel stocks in the United States.... New WTO paper on farm talks criticised ISLAMABAD, May 26: Civil society organisations on Saturday criticised the new WTO paper on farm negotiations, saying it protects the interests of rich countries at the cost of poor farmers in developing countries.... Dollar weakens NEW YORK, May 26: The dollar weakened against the euro on Friday amid renewed concerns about US economic strength after an industry survey showed new home sales fell to their lowest levels in almost four years.... Canada raises budget surplus estimates OTTAWA, May 26:The government of Canada''s coffers are overflowing with millions of dollars more than predicted in its latest budget, Finance Minister Jim Flaherty announced on Friday.... Talks on new trade pacts BRUSSELS, May 26: Poor African, Caribbean and Pacific countries warned the EU on Friday in talks over new trade pacts that they will not sign at any price a deal sweeping away their privileged access to Europe''s markets.... Economic forum KARACHI, May 26: Pakistan''s participation in the third World Islamic Economic Forum being held in Kuala Lumpur, Malaysia, on May 28-29 will be the second largest after Kuwait....

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