June 21, 2005	Tuesday	Jumadi-ul-Awwal 13, 1426

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Single tariff for import, export products ISLAMABAD, June 20: The government has introduced similar tariff lines and description for both importable and exportable products under the Pakistan Customs Tariff for regulating and facilitating the trading regime....		Prices of cement surge by Rs20-30 KARACHI, June 20: The price of cement has shot through the roof, which analysts attribute to demand outstripping supply. Industry sources affirm that cement manufacturers have increased the price per bag...
Zero-rated supply of parts suspended ISLAMABAD, June 20: The government has held in abeyance the implementation of zero-rated supply of parts, components and sub-components to manufacturers of tractors. A Central Board of Revenue official told Dawn...		‘Resolution of IP issues to attract US investors’ KARACHI, June 20: US Ambassador in Pakistan, Ryan C. Crockar has said that Pakistan has done well in the textile sector but it must diversify in other high tech areas like...
Air show: accent on commercial buyers PARIS: Contracts worth billions of dollars were signed during the weeklong Paris Air Show that concluded on Sunday. Over 1905 exhibitors from 46 countries took part, and some 200 aircraft were...		Adaptation of latest irrigation methods stressed KARACHI, June 20: The Pakistan Society of Sugar Technologists (PSST) has advised sugarcane growers in Sindh to adopt water saving irrigation methods such as ship irrigation and sprinkling or drip irrigation...
Doha agenda needs to be taken up seriously KARACHI, June 20: Former FPCCI vice-president Engineer M.A. Jabbar has said that a heavy workload awaits the leaders of developing countries who have to take up the Doha development agenda with...		Decline in mango output ruled out KARACHI, June 20: The export of mango this season is likely to fall by 15 per cent because of low production due to virus attack on the crop, but Pakistan Horticulture...
Etisalat hopes its investment will pay off in five years DUBAI, June 20: Emirates Telecommunications Corp. (Etisalat), which won control of Pakistan Telecommunications Co. Ltd. (PTCL) on Monday, expects the $2.59 billion investment to pay off within five years, the head...		Stocks gain 264 points on smooth PTCL sell-off KARACHI, June 20: The news of sell-off of the controlling shares of PTCL to a UAE company at $1.96 per share was well-received in the market as it reflects official thinking...
Slow trading on cotton market KARACHI, June 20: Trading on the cotton market on Monday remained slow as spinners and mills were still busy with the carryover business from the last Friday’s auction after the TCP...		European stocks LONDON, June 20: European stock exchanges wilted on Monday, weighed down by surging oil prices and corporate news. The London FTSE 100 index slipped 0.11 per cent to 5,072 while in...
Gwadar rail-road projects under way KARACHI, June 20: Director General, Gwadar Development Authority (GDA), Ahmed Bakhsh Lehri has said that several infrastructure projects at Gwadar are under way, which includes 950-km-long railway and 900-km-long motorway....		UBL ratings KARACHI, June 20: JCR-VIS Credit Rating Company has upgraded the ratings of United Bank Ltd. from single A plus to double A. Outlook on the ratings is stable, says a press...
Rating watch KARACHI, June 20: JCR-VIS Credit Rating Company has placed on rating watch the entity ratings of triple B/A-two assigned to Oman International Bank S.A.O.G Pakistan Branches or OIBP. “This action has...		Palm oil up KUALA LUMPUR, June 20: Malaysian crude palm oil futures rallied for a third straight day, with the benchmark contract looking poised to breach 1,450 ringgit next, after chasing a fresh...