June 11, 2005	Saturday	Jumadi-ul-Awwal 3, 1426

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Sindh ADP stands at Rs28.75bn KARACHI, June 10: Sindh has set total development outlay for 2005-06 at Rs28.750 billion, which is about 40 per cent higher over the current year’s revised estimates of Rs20.445 billion. This...		Badla shares switching to futures counter KARACHI, June 10: The phasing out of carryover trade (badla) from June 7 will result in weekly reduction of a staggering 20 million shares from the stock market. And most of...
Govt needs extensive plan to reduce poverty ISLAMABAD, June 10: The government needs to evolve a comprehensive plan aimed at facilitating the private sector to contain poverty and unemployment....		Current expenses rise by Rs84bn KARACHI, June 10: Current revenue expenditures of the federal government would not be less than Rs784.7 billion at the end of this fiscal year on June 30 against the original budget...
Stocks finish weekend session with modest gains KARACHI, June 10: A massive activity of 143m shares in PTCL amid rumours of fixation of fresh bidding date for its sell-off possibly by the end of the next week featured...		EU-China deal to curb textile imports SHANGHAI, June 10: The European Union and China agreed on Friday to curb a surge in imports of Chinese textiles into Europe until the end of 2008, in a bid to...
Farm tax, abiana recovery decline KARACHI, June 10: The agriculture income tax (AIT) and abiana recovery in Sindh during the current fiscal year continued to show declining trend for the fifth consecutive year, Sindh Finance Minister...		Trade with Xinjiang BEIJING, June 10: China’s western region will enhance its business partnership with Pakistan, said Zhang Zhou, Vice-Chairman of the Xinjiang Uygur Autonomous Region....
Investment in human resources sought KARACHI, June 10: State Minister and Chairman of the Export Promotion Bureau Tariq Ikram, on Friday urged the private sector to invest in human resources for a better future. He warned...		Brazilians offered investment in oil, gas ISLAMABAD, June 10: Petroleum and Natural Resources Minister Amanullah Khan Jadoon has said that there exists a lot of opportunities for Pakistan-Brazil cooperation in the petroleum sector and invited Brazilian companies...
Oil prices climb LONDON, June 10: Oil prices rose on Friday amid concerns about the potential impact of a tropical storm on production facilities in the Gulf of Mexico and ahead of an Opec...		Listless trading on cotton market KARACHI, June 10: Cotton market on Friday again passed through a cheerless session because of TCP’s auction for 40,000 bales on Saturday in which the mills and spinners have a big...
Accounting issues discussed ISLAMABAD, June 10: A meeting of the coordination committee of the Securities and Exchange Commission of Pakistan (SECP) and the Institute of Chartered Accountants of Pakistan (ICAP) held here on Friday...		Wealth, jobs creation gap GENEVA, Jun 10: Ambassador Masood Khan, Pakistan’s permanent representative to Geneva on Friday expressed concern over the growing gap between wealth and creation of jobs, posing serious challenge to international security...
Duty exemption ISLAMABAD, June 10: The government has proposed to exempt from customs duty and other taxes on plant, machinery, equipment, stores, furnitures and fixtures to be imported for a major hotel project...		US trade deficit up to $57bn WASHINGTON, June 10: The US trade deficit rose to $57 billion in April as a swollen oil import bill overpowered record sales of exports including civilian aircraft, the government said on...
Indian rupee steady MUMBAI, June 10: The rupee ended little changed on Friday, as bankers squared off positions long of the dollar ahead of crucial US trade data and the weekend, dealers said....		Karachi Port operations KARACHI, June 10: Seven ships carrying containers, coal and soyabean meal are due to arrive at the outer anchorage on Saturday, according to KPT sources....