June 3, 2005	Friday	Rabi-us-Sani 25, 1426

Please Visit our Sponsor (Ads open in separate window)

Budget deficit shoots up by 84pc: July-March 2004-05 KARACHI, June 2: Pakistan’s budget deficit went up to Rs131 billion in nine months of this fiscal year from Rs71 billion in the same period last fiscal year, showing an increase...		Musharraf seeks greater access to US market ISLAMABAD, June 2: President Pervez Musharraf has sought greater access for Pakistani products to US markets so that trade and economic relations between the two countries could be improved. Talking to...
Reforms to focus on insider trading ISLAMABAD, June 2: The federal government has decided to launch second generation reforms in the capital market, which would focus on ‘insider trading’ besides reducing the number of stocks in KSE...		PS sell-off by year-end LAHORE, June 2: The chairman, Pakistan Steel (PS), Lt-Gen Abdul Qayyum (retired) said on Thursday that the PS would be privatized by the year-end. He told newsmen at the Lahore Chamber...
Pakistan, Iran agree to cut duty by 18pc on 647 items ISLAMABAD, June 2: Pakistan and Iran have agreed to reduce customs duty by an average 18 per cent on 647 tradable items under the preferential trade agreement (PTA). An official told...		UBL shares public offering today ISLAMABAD, June 2: The subscription for initial public offering (IPO) of United Bank Limited shares opening from June 3 (Friday) to June 8 (Wednesday) during banking hours will benefit 388,500 people....
EU widens services market BRUSSELS, June 2: The European Union offered improved access for foreign companies to its service industries such as banking, energy and tourism on Thursday, a key step in negotiations for a...		Euro fall hits exports to EU KARACHI, June 2: Exports to European Union member states have experienced another setback owing to a decline in the euro value by around 10 per cent since the start of quota-free...
US asks China to address trade tensions BEIJING, June 2: US Commerce Secretary Carlos Gutierrez warned on Thursday that China risks “an outbreak of protectionism” if current trade tensions are not addressed. While China’s booming textile exports are...		APEC moot opens in South Korea JEJU, June 2: Trade ministers from the 21-nation Asia-Pacific Economic Cooperation (APEC) met here Thursday for free trade talks as global trade negotiations falter amid conflicts of interest....
Bourses, SECP reach agreement ISLAMABAD, June 2: The Board of Directors of the Karachi, Lahore and Islamabad Stock Exchanges met Dr Tariq Hassan, Chairman, Securities and Exchange Commission of Pakistan (SECP) and Mr. Shahid Ghaffar,...		Collection of GST from fertilizer, cement down ISLAMABAD, June 2: The collection of general sales tax (GST) from cement, fertilizer, iron and steel products declined drastically during the first nine months (July-March) of the current fiscal year, over...
Relaxation in rules pushes index up by 302.78 points KARACHI, June 2: Stocks on Thursday reacted bullishly to the removal of major market irritants working against the investor interests as the easing of the forward trading rules for individual broker,...		Prices raised on cotton market KARACHI, June 2: Physical business on the cotton market on Thursday remained at low ebb as leading ginners, holding stray odd unsold lots, raised their asking prices for fine variety. But...
NWFP BoR collected Rs560m in 9 months PESHAWAR, June 2: The NWFP Board of Revenue (BoR) has collected Rs560 million in nine months of the current financial year, and looks set to exceed the Rs637 million revenue collection...		Malaysian palm oil ends down KUALA LUMPUR, June 2: Malaysian crude palm oil futures ended down on Thursday, extending their weakness of the previous day, after a drop in rival soyaoil futures on the Chicago Board...
Karachi Port operations KARACHI, June 2: Five ships carrying containers and steel cargo are due to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves gathered momentum...		Port Qasim KARACHI, June 2: Shipping activity remained brisk at the Port where three vessels scheduled to load, offload containers, rice and iron ore were arranged berthing at Qasim international container terminal. Meanwhile,...