June 22, 2005	Wednesday	Jumadi-ul-Awwal 14, 1426

Please Visit our Sponsor (Ads open in separate window)

PC receives Rs4.104bn as first instalment: NRL privatization ISLAMABAD, June 21: The Privatization Commission on Tuesday received Rs4.104 billion as first instalment of the total offer of Rs16.415 billion...		PTCL sell-off to improve balance of payments KARACHI, June 21: The sale of 26 per cent share of Pakistan Telecommunication Company Ltd. (PTCL) for about $2.6 billion will help Islamabad improve its balance of payments...
Free trade talks with Singapore, US under way ISLAMABAD, June 21: Pakistan is negotiating Free Trade Agreements (FTAs) with the United States and Singapore to increase its exports and thus narrow its rising trade deficit,...		Chinese for cooperation in textile sector KARACHI, June 21: Leader of the eight-member Chinese trade delegation and Chairman, China Chamber of Commerce for Imports and Exports of Textiles (CCCT), Wang Shenyang,...
Stocks fall by 173.33 points on active selling KARACHI, June 21: Stocks on Tuesday failed to extend the overnight run-up and ran into selling at higher levels under the lead of oil shares but there were buyers...		2nd bidder invited to match highest bid for KESC KARACHI, June 21: The Privatization Commission on Tuesday invited Hassan Associates, the running bidder for the privatization of Karachi Electric Supply...
Financial advisers appointed for power plants ISLAMABAD, June 21: The Private Power Infrastructure Board (PPIB) on Tuesday appointed a consortium led by Citigroup to act as financial advisers to prepare the transaction and hold international...		NWFP sets GDP growth at 6.6pc for 2005-06 PESHAWAR, June 21: The NWFP government has projected gross domestic product (GDP) to grow at 6.6 per cent during the 2005-06 financial year anticipating substantial increase in its revenue....
Kapco shares offered to Wapda workers ISLAMABAD, June 21: The Privatization Commission on Tuesday offered up to 17,605,000 shares of Kot Adu Power Company Limited (Kapco) to regular Wapda employees at Rs30 per share....		NBP signs pact with Pioneer Cement KARACHI, June 21: The National Bank of Pakistan signed an agreement with Pioneer Cement Limited (PCL) on Tuesday to facilitate the cement company to undertake expansion scheme comprising installation...
3.933m tons of wheat procured ISLAMABAD, June 21: The wheat procurement has so far been recorded at 3.835 million tons, showing 83.16 per cent achievement against the target of 4.73 million tons set by the government...		Rice export to China ISLAMABAD, June 21: Pakistan and Chinese officials on Tuesday reviewed the export of Pakistani rice to China and discussed at length the matters related to processing, storage and packing...
Ginners further raise asking prices KARACHI, June 21: Physical activity on the cotton market on Tuesday remained slow as ginners further raised their asking prices in line with the surging...		Oil prices cool from record highs LONDON, June 21: World oil prices cooled on Tuesday after a recent record run but could hit $60 per barrel for the first time should the US government report a drop...
New tax collection system from July 1 ISLAMABAD, June 21: The government has introduced an automated collection system of all four federal taxes through all branches of State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP)...		Complaints against freight forwarders KARACHI, June 21: The Union of Small and Medium Enterprises (Unisame) has advised the SME exporters to consult trade body or Unisame before nominating freight forwarders as their agents....
European stocks LONDON, June 21: European stock exchanges turned stronger Tuesday on a continued slide in the euro — which holds out prospects for increased eurozone exports — and positive economic news...		Karachi Port operations KARACHI, June 21: Four ships carrying chemicals and containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was light...