June 14, 2005	Tuesday	Jumadi-ul-Awwal 6, 1426

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Govt to liberalize wheat business ISLAMABAD, June 13: The government would soon deregulate the wheat trade, and procure limited quantities for strategic reserves to keep prices stabilized....		Sindh asked to set up ‘monitoring cell’: Industrialization KARACHI, June 13: Business and industry have asked the Sindh government to immediately set up an independent ‘monitoring cell’ with a single agenda of watching progress in industrial projects being launched...
Fiscal anomalies in budget crop up KARACHI, June 13: This year too the business leaders, after hailing the new budget on the day of its announcement, are now busy in digging out anomalies in sales tax, customs...		Govt amends Customs Act ISLAMABAD, June 13: The government has introduced 10 new sections in the Customs Act 1969 along with modifying some existing clauses to further liberalize trade....
Duty-free import of 5 items from India in jeopardy ISLAMABAD, June 13: The Indian government has linked the export of five essential items to Pakistan with a condition of permanent bilateral trade through land route....		Chinese textile quotas under way BEIJING, June 13: China is drafting guidelines covering textile export quotas after the signing of a deal with the EU to defuse a trade row straining ties, state media reported on...
Stage set for PTCL bidding on 18th ISLAMABAD, June 13: The Privatization Commission (PC) is holding bidding for the sale of 26 per cent shares of PTCL plus management control on June 18. According to a PC statement...		TCP sells 50,500 bales to local mills KARACHI, June 13: The Trading Corporation of Pakistan (TCP) on Monday sold 50,500 bales of cotton to 27 local mills against 63 bids for 101,300 bales. According to TCP Chairman Syed...
EU, US deadlock at WTO panel: Boeing-Airbus GENEVA, June 13: Negotiators from the United States and the European Union blocked each other’s moves in their first formal confrontation in a dispute over aid to Boeing and Airbus at...		Index gains 96 points on new PTCL bidding date KARACHI, June 13: Stocks on Monday reacted positively to new sell-off date of PTCL but analysts fear timing may not be that ideal owing to rigid position taken by the workers...
Saudi admission PARIS, June 13: France backs the admission of Saudi Arabia to the World Trade Organization, which should be decided upon in December, French President Jacques Chirac said on Monday. “We are...		Oil prices climb with all eyes on Opec LONDON, June 13: World oil prices climbed on Monday on strong buying after traders said too much stock had been sold ahead of Opec’s meeting later in the week. New York’s...
Cotton market lacks lustre KARACHI, June 13: Trading on the cotton market on Monday resumed on an insipid note as spinners and mills remained conspicuous by their absence eyeing the TCP lint. Although the recent...		Karachi Port operations KARACHI, June 13: Nine ships including a rice loader and a tanker to load molasses are due to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity...
Port Qasim KARACHI, June 13: Three ships carrying containers and chemical were allotted berths at QICT and EVT during the last 24 hours, said a PQA press release on Monday. Meanwhile, two more...		Palm oil up SINGAPORE, June 13: Malaysian palm oil futures recovered earlier losses to close mostly higher on Monday due to late covering and a rebound in the soyaoil market. By the close, the...