June 15, 2005	Wednesday	Jumadi-ul-Awwal 7, 1426

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Trade gap widens to $5.51bn KARACHI, June 14: Trade deficit in eleven months of this fiscal year has risen to $5.51 billion from $2.67 billion in the same period of the last fiscal year....		Pulses production facing fall KARACHI, June 14: Except for surplus production in desi chic peas and green mung beans this year, the country is facing a phenomenal drop in production of lentils, black matpe, kabuli...
Plan under way to make SECP more effective ISLAMABAD, June 14: The government has decided to strengthen the legal and judicial structure of the Securities and Exchange Commission of Pakistan (SECP) aimed at restoring the investors’ confidence in the...		NWFP unveils agricultural policy PESHAWAR, June 14: The NWFP chief minister Akram Khan Durrani on Tuesday unveiled policy for agriculture sector, which includes tax cuts for small farmers, multi-billion rupees investment programmes, legal reforms and...
Stocks shed 72 points on PTCL woes KARACHI, June 14: Stocks on Tuesday failed to extend the overnight recovery as leading shares attracted selling at the inflated levels under the lead of PTCL, which led the market decline...		KESC may be offered for re-auction KARACHI, June 14: The Saudi Arabia’s Kanooz-al-Watan Group that made the highest bid for a 73 per cent stake in the Karachi Electric Supply Corporation in February may lose its claim...
Banks must give specific reasons: Dishonouring cheques KARACHI, June 14: The State Bank has advised all banks and development finance institutions (DFIs) to cite specific and clear reasons for dishonouring a cheque....		Export performance KARACHI, June 14: Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Dawood Usman Jakura urged the State Bank to reduce export performance under refinance scheme Part-2 for textile garments sector....
Oil prices ease on eve of Opec meeting LONDON, June 14: World oil prices cooled on Tuesday, the eve of a production meeting of the Organization of Petroleum Exporting Countries (Opec) in Vienna, where the cartel was widely expected...		Export of financial services KARACHI, June 14: The SBP Strategic Vision for 2005-2010 calls for export of financial services to various countries of the world, said State Bank of Pakistan Governor Dr Ishrat Husain....
Restructuring BRUSSELS, June 14: The EU commission called on Europe’s textile industry on Tuesday to restructure to become more competitive following a recent deal with Beijing curbing a surge in Chinese textile...		ADB gives $31 million for agribusiness development ISLAMABAD, June 14: The Asian Development Bank (ADB) here on Tuesday signed an agreement with Pakistani government for the provision of $31 million loan for the development of a competitive and...
Levy of ST opposed KARACHI, June 14: The Pakistan Biscuit and Confectionery Manufacturers Association (PBCMA) has rejected the new budget proposal to levy sales tax on retail price at manufacturing stage....		US inflation appears in check WASHINGTON, June 14: Inflation appeared in check last month based on a key indicator of US prices at the wholesale level, while retail sales fell sharply, according to reports released Tuesday....
Prices rule firm on cotton market KARACHI, June 14: Cotton market on Tuesday stayed firm as positive fallout of the TCP weekly auctions of lint at higher rates have a sympathetic impact on the local prices....		R&D support KARACHI, June 14: The Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) has urged the government to give six per cent Research and Development (R&D) support to the leather garment and...
Re-elected KARACHI, June 14: Ashraf W. Tabani, president of Employers’ Federation of Pakistan, has been re-elected member of the International Labour Organization (ILO) governing body for a term of three years (2005-08)....		Palm oil higher SINGAPORE, June 14: Malaysian palm oil futures ended mostly higher on Tuesday but dealers were cautious ahead of the release of key export data, which may confirm fears of declines in...
Karachi Port operations KARACHI, June 14: Eight ships carrying containers and to load ethanol are expected to arrive at the outer anchorage on Wednesday, according to KPT sources. Two other bulk carriers, Myroessa, and...		Port Qasim KARACHI, June 14: Three ships carrying containers, general cargo and chemicals were berthed at QICT, MPT and EVT during the last 24 hours, said a PQA press release on Tuesday. Berth...