June 24, 2005	Friday	Jumadi-ul-Awwal 16, 1426

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12pc EU duty on Pakistani products from July ISLAMABAD, June 23: Pakistan’s export of all products to European Union member countries will attract a 12 per cent duty from July 1 following the graduation of all products under...		KSE wants faster margin financing KARACHI, June 23: Karachi Stock Exchange Chairman Yasin Lakhani told a committee on Thursday that banks were too slow in honouring their commitment to provide Rs20 billion margin financing for phasing...
Balochistan needs to improve security: Foreign investment QUETTA, June 23: British High Commissioner to Pakistan Mark Lyall Grant has underlined the need for resolving conflicts with local sardars and improving...		‘Biryani festival’ in China planned KARACHI, June 23: The Rice Exporters Association of Pakistan plans to hold a ‘Biryani Festival’ in China next month to introduce basmati rice in Chinese society which mostly consumes coarse rice...
Stocks recover 9 points on late short-covering KARACHI, June 23: Stocks on Thursday turned mixed as some of the leading base shares came in for active late short-covering at the lower levels and finished partially recoverede...		Insipid conditions on cotton market KARACHI, June 23: Cotton market on Thursday lacked normal trading interest as buyers and sellers price ideas were poles apart as far as fine lots were concerned having negative impact...
MCA action against cartelization of cement ISLAMABAD, June 23: The Monopoly Control Authority has taken serious notice of cartelization of cement and hike in its prices and decided to take action against them to protect interests...		$20m support fund being set up for SME sector ISLAMABAD, June 23: Pakistan and USAID are jointly setting up a $20 million Competitiveness Support Fund (CSF) for SME sector to spur the economy of the country, Federal Minister for Industries,...
Exchange company’s licence suspended KARACHI, June 23: The State Bank has suspended for 30 days the licence of Glaxy International Exchange Company for violating the rules of business, SBP spokesman Syed Wasimuddin told Dawn....		Pakistan may import wheat SINGAPORE, June 23: Pakistan is very likely to return to the market to import wheat and some buyers are sniffing around for cargoes from the Black Sea region, grain traders said...
Dawood Fibre opts for delisting KARACHI, June 23: Dawood Fibre Mills Limited (formerly: Aisha Cotton Mills Limited) announced on Thursday that the company proposed to go into voluntary delisting from the stock exchange....		Oil prices rebound on supply concerns LONDON, June 23: World oil prices rallied strongly on Thursday on mounting concerns that demand for energy products may not be satisfied during the fourth quarter amidst tight supplies....
‘Revaluing of yuan in China’s interest’ WASHINGTON, June 23: The captains of US economic policy on Thursday strongly warned lawmakers clamouring for China to be punished over its currency regime not to retreat to a dangerous “protectionism”....		PICIC Bank KARACHI, June 23: The JCR-VIS Credit Rating Company has reaffirmed the medium- to long-term credit rating of PICIC Commercial Bank at single A plus and the short-term rating at A-1,...
ZTBL rating KARACHI, June 23: The JCR-VIS Credit Rating Company has re-affirmed credit ratings of Zarai Taraqiati (Agricultural Development) Bank Ltd. at triple A/A-one plus with stable outlook, says a press...		CDS maintenance KARACHI, June 23: The Central Depository Company of Pakistan Limited (CDC) on Thursday announced that its flagship Central Depository System (CDS) would not be operational on June 25 due to technical...
Palm oil rebounds KUALA LUMPUR, June 23: Malaysian crude palm oil futures recouped early losses as buyers returned to the market, drawn by a rebound in rival US soyaoil. In palm oil, the benchmark...		Karachi Port operations KARACHI, June 23: Seven ships carrying palm oil, DAP fertilizer and containers are due to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves...