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| April 04, 2008 | Friday | Rabi-ul-Awwal 26, 1429 |
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Irri prices jump by Rs3,000 per ton
KARACHI, April 3: Profiteers and hoarders have raised rice prices to unprecedented level just within three days following Indian government’s decision on Monday to impose complete ban on export of non-basmati rice varieties.... 
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Rice exports set to fall 15pc: Reap
ISLAMABAD, April 3: Pakistan may export 15 per cent less rice this year after an ongoing power crisis affected milling, a senior official in the world’s fifth biggest rice exporting nation said Thursday....
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Global rice production expected to increase
UNITED NATIONS, April 3: Global rice production is expected to increase by 1.8 per cent — or 12 million metric tons — this year, easing a tight supply situation in key...
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TDAP accused of creating hurdles
LAHORE, April 3: The Pakistan Hosiery Manufacturers Association (PHMA) has criticised the Trade and Development Authority of Pakistan (TDAP) for ‘creating hurdles’ in the smooth flow of exports....
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Wall Street Journal calls Pakistan a cash magnet
NEW DELHI, April 3: Wall Street Journal has called Pakistan a cash magnet....
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Barclays sets up office in Karachi
KARACHI, April 3: The Barclays Bank has established its first office in Karachi. However, the bank is yet not functional....
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Castrol incorporated in Pakistan
KARACHI, April 3: Castrol, one of the world’s leading lubricants marketers, has incorporated Castrol Pakistan Limited (CPL)....
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Oil steady
LONDON, April 3: World oil prices steadied on Thursday after surging by almost $4 the previous day on news that stockpiles of US motor fuel were tightening, traders said....
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Bike prices raised by Rs900-1,550
KARACHI, April 3: Two Japanese bike makers have asked their dealers to recover Rs900 to Rs1,550 from the customers on account of freight, forwarding and PSQCA levy, while another assembler has increased price by Rs1,000....
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Industry urged to meet working standards
MULTAN, April 3: Pakistan currently is faced with a critical situation owing to low volume of exports and high ratio of imports which is negatively impacting the size of its foreign exchange....
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IMF asks central banks to weigh housing prices
WASHINGTON, April 3: Central banks should take into account housing prices when they decide the level of their key interest rates, the International Monetary Fund said on Thursday....
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Aptma seeks Cheaper financing for energy audit
LAHORE, April 3: All Pakistan Textile Mills Association (Aptma) has asked the National Productivity Organisation (NPO) to expedite concessionary financing to the industries implementing the energy audit....
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Stocks gain more points amid bouts of selling, buying
KARACHI, April 3: Stocks on Thursday maintained their winning streak for the third session in a row on strong support, heralding the advent of foreign buying on selected counters but the...
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Karachi Port operations
KARACHI, April 3: Six vessels including three cement loaders are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Port Qasim
KARACHI, April 3: Two container ships were berthed at the Qasim International Container Terminal during the last 24 hours, said a PQA press release on Thursday....
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‘MCB Bank branches to be online by year-end’
BAHAWALPUR, April 3: All branches of the MCB Bank across the country will be online by the end of current year....
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Cotton market steady on fresh price-hike hopes
KARACHI, April 3: Cotton market on Thursday maintained a firm outlook as ginners firmly held on to their unsold positions anticipating fresh increase in prices after the final arrival figures were released by the Pakistan Cotton Ginners Association....
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ECC reconstituted
ISLAMABAD, April 3: The Cabinet Division on Thursday issued a notification for reconstitution of the Economic Coordination Committee (ECC)....
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Asian stocks close mostly higher
HONG KONG, April 3: Asian stocks closed mostly higher on Thursday amid improving hopes for the United States subprime housing industry but prospects of a US recession continued to weigh on sentiment....
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Palm oil prices up
KUALA LUMPUR, April 3: Malaysian crude palm oil futures jumped by 4.4 per cent on Thursday, boosted by strengthening soybean oil prices and prospects of strong demand from India after New Delhi scrapped edible oil import tariffs....
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Gold steady
LONDON, April 3: Gold steadied near $900 an ounce in London on Thursday, with investors trading cautiously ahead of Friday’s US employment report, which may determine the metal’s short-term direction....
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Karachi market rates
KARACHI, April 3: The following were Thursday commodity market rates in rupees....
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