June 10, 2005	Friday	Jumadi-ul-Awwal 2, 1426

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Punjab allocates Rs53bn for ADP LAHORE, June 9: The Punjab government has set aside a record Rs53 billion for the Annual Development Plan (ADP) for the fiscal year 2005-06, about 22 per cent more...		Over Rs140bn Sindh budget today KARACHI, June 9: Sindh Finance Minister Syed Sardar Ahmad is presenting on Friday provincial budget of Rs140-145 billion for 2005-06 in the Sindh Assembly. The budget is expected to show...
Stocks manage to recover 43 points on short-covering KARACHI, June 9: Stocks on Thursday staged a modest recovery followed by active short-covering at the lower levels in most of the base shares after the rumours about the prime minister’s...		Funds sought for infrastructure development KARACHI, June 9: Business leaders have urged the government to allocate special funds for the infrastructure development in the new trade policy as the textile industry is expected to register...
Govt to raise coupon rates on PIBs KARACHI, June 9: The government looks set to increase the coupon rates of long-term Pakistan Investment Bonds (PIBs). The new rates may be announced within a couple of days...		Pulses prices go up KARACHI, June 9: After an increase in wholesale prices of flour and sugar, rates of various pulses at the wholesale level are also on the rise following the announcement of budget...
Slow trading on cotton market KARACHI, June 9: Trading activity on the cotton market on Thursday remained confined to a few hundred odd lots as ginners tried to clear the backlog of stray unsold stocks, brokers...		Accounting moot held KARACHI, June 9: A World Accounting Summit was held in Dubai from May 28 to June 1, under the patronage of the United Nation Conference of Trade and Development (UNCTAD)...
UK assures support on bedlinen ISLAMABAD, June 9: The British High Commissioner, Mr Mark Layoll on Thursday said that the United Kingdom would extend every possible support in resolving the issue of anti-dumping duty on import...		One-window facility at BoI ordered ISLAMABAD, June 9: The Investment and Privatization Minster Dr. Abdul Hafeez Shaikh on Thursday directed the Board of Investment (BOI) to formulate recommendations on fast track basis for establishing...
Customs duty raised on 16 items ISLAMABAD, June 9: The government has raised the customs tariff on 16 different items by an average 50 per cent to provide protection to local industries....		Oil prices rebound on supply concerns LONDON, June 9: World oil prices rebounded on Thursday as speculators dived into the market amid supply disruptions in Iraq and ahead of a key Opec meeting to discuss the cartel’s...
Gas pipeline BAKU, June 9: Work on a long-delayed gas pipeline from Iran to India via Pakistan has speeded up dramatically, with the first construction tenders expected to be awarded in 2006...		Karachi Port operations KARACHI, June 9: Five ships carrying DAP fertilizer, steel, containers and to load molasses are expected to arrive at the outer anchorage on Friday, according to KPT sources....