June 7, 2005	Tuesday	Rabi-us-Sani 29, 1426

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Zero-rate regime to boost export KARACHI, June 6: The trade and industry have termed the budget 2005-06 business-friendly and investment-oriented, which ensures supply side of the economy where the country had been lagging behind and was...		Budget ignores inflation, trade gap KARACHI, June 6: Corporate leaders, exporters and businessmen are confident of gaining immensely from the fiscal measures announced in the 2005-06 federal budget, which should stimulate production, boost exports and lead...
Stocks off lows amid rumours of fiscal relief KARACHI, June 6: Fiscal worries dominated the trading on the stock market during the pre-budget session on Monday as investors played on both sides of the fence amid conflicting rumours about...		Budget offers nothing for common man KARACHI, June 6: Describing the budget 2005-06 as export and growth oriented, business leaders say the government has not come out clearly with any policies and measures that could help contain...
Govt to borrow Rs98 billion from banks KARACHI, June 6: The government says it will borrow Rs98 billion in the next fiscal year to fill in the gap between incomes and expenses....		Duty cut on big cars to benefit assemblers KARACHI, June 6: The government on Monday reduced import duties on CBU cars, giving a new direction to auto assemblers to further boost up their distribution and marketing business by importing...
No mention of CVT a relief for capital market KARACHI, June 6: Analysts at the capital markets thought that the overall impact of the federal budget 2005-06 looked positive for most sectors, such as textiles, cement, fertilizer, banks and insurance....		Listless trading on cotton market KARACHI, June 6: The pre-budget session on the cotton market on Monday was dull as spinners and mills were not inclined to make fresh commitments before having an overview of the...
Business circles offer mixed reactions LAHORE, June 6: The new budget received a mixed resonse from the business community in the provincial metropolis on Monday....		GDP growth target set at 7pc ISLAMABAD, June 6: The government has set the inflation rate at eight per cent, GDP growth rate at 7 per cent, Rs1369.2 billion total investment, Rs1202.9 billion national savings and a...
Revenue collection target raised to Rs690bn ISLAMABAD, June 6: The government on Monday increased the revenue collection target by 16.9 per cent to Rs690 billion for the fiscal year 2005-06 as against the revised target of Rs590...		Public sector units to get Rs72.3bn subsidies ISLAMABAD, June 6: The federal government will extend Rs72.3 billion subsidies in 2005-06 to public sector corporations led by Wapda and Karachi Electric Supply Corporation, which is 41 per cent higher...
WTO favours US in rice dispute with Mexico GENEVA, June 6: A World Trade Organization panel on Monday ruled in favour of the United States in a dispute with Mexico over import restrictions that hit US beef and long-grain...		Malaysian palm oil prices up KUALA LUMPUR, June 6: Malaysian crude palm oil futures ended up 1 per cent on Monday, with the market returning to its key psychological support of 1,400 ringgit a ton, after...
Thailand’s economic growth BANGKOK, June 6: Thailand’s economy slowed sharply in the first quarter of 2005, growing 3.3 per cent due to a sharp spike in oil prices and a rise in consumer prices,...		Karachi Port operations KARACHI, June 6: Seven ships carrying coal, containers and to load ethanol are due to arrive at the outer anchorage on Tuesday, according to KPT sources....