June 26, 2005	Sunday	Jumadi-ul-Awwal 18, 1426

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Customs Act amended for effective warehousing ISLAMABAD, June 25: The Central Board of Revenue (CBR) has introduced amendments in the Customs Act 1969 for the effective warehousing of imported goods. A customs official told...		First media company to enter capital market KARACHI, June 25: Eye Television Network Limited, that has launched HUM TV as its Satellite TV channel, is all set to make its Initial Public Offering (IPO) on Monday and Tuesday (June 27-28)....
Molasses import planned for first time KARACHI, June 26: The country for the first time in its history is importing molasses to meet domestic shortage face by distilleries producing ethanol, and the first consignment of 10,000 tons...		Water, pulses, sugar become costlier KARACHI, June 25: Prices of sugar and pulses have shot up in the market. Public, hard pressed because of bloated kitchen budget, has little option but to pay more for bottled...
Differences may delay EPB restructuring ISLAMABAD, June 25: The government is likely to miss the deadline of the re-structuring of the Export Promotion Bureau (EPB) owing to differences of the bureau chairman and commerce ministry over the proposed new organizational structure....		2nd highest bidder given 45 days to match KESC bid price KARACHI, June 25: Privatization and Investment Minister Dr Abdul Hafeez Shaikh has said that the Privatization Commission (PC) has offered 30-45 days to the second highest bidder of the Karachi Electricity...
SBP move to check illegal forex outflows KARACHI, June 25: The State Bank has asked all smaller foreign exchange companies formerly known as money changers to disclose all sale and purchase records twice a month....		‘Unusual’ duty cut allowed LAHORE, June 25: In an unusual move, the Central Board of Revenue (CBR) has allowed duty-free and sales tax free import/local sale and purchase of a dye, Maxilon, to, what sources...
Badla rates rise to 14.1 per cent KARACHI, June 25: The weighted average carryover rates on the Karachi Stock Exchange rose further for the second consecutive week as the money market remained tight owing to year-end considerations....		China urged to make yuan more flexible TIANJIN, June 25: Japanese Finance Minister Sadakazu Tanigaki told his Chinese counterpart Jin Renqing that quick and decisive reforms of its yuan currency were needed and that yuan policy needed more flexibility....
US sugar talks continue as CAFTA vote nears WASHINGTON, June 25: Sugar-state lawmakers continue to meet with the Bush administration to ease industry concerns that threaten a Central American free trade pact headed for a vote in Congress, one...		Dollar slips in technical trading NEW YORK, June 25: The dollar slipped from multi-month highs against major European currencies on Friday in largely technical pre-weekend trading, dealers said. The dollar had risen earlier...
COMEX gold settles lower NEW YORK, June 25: US gold futures slipped on Friday to end below a fresh three-month high, pressured by profit taking after a recent rally, traders and analysts said....		Emaar launches first Internet stockbroker DUBAI, June 25: UAE stockbroker Emaar Financial Services on Saturday launched the first Internet trading service for shares listed on Dubai’s stock exchange and opened a trading room for women....
Basel chief optimistic on accord start date BASEL, June 25: The world’s top bank watchdog on Saturday moved to dispel concerns that the new capital safety accord known as Basel II would face implementation delays due to its complexity....		Opec chief starts consultations on output increase KUWAIT, June 25: The head of Opec said on Saturday he had started consultations with other oil ministers on an additional oil output increase by the cartel as crude prices touched $60 a barrel....
Quieter conditions on cotton market KARACHI, June 25: Cotton market closed the weekend session on a quietly steady note but physical business remained dull despite reports of modest unsold stock was available with some of the leading ginners....		NY cotton settles at six-week high NEW YORK, June 25: Cotton futures finished on Friday at a six-week high on speculative fund buying and concern over possible hot and dry weather in several cotton-producing countries next week, analysts said....
World oil price hits record $60 LONDON, June 25: World oil prices jumped to a record $60 per barrel this week on concerns about possible supply shortages during the fourth quarter when refineries could struggle to meet strong demand for heating fuel....		Tax system to be made transparent HYDERABAD, June 25: The member, Central Board of Revenue (CBR), sales tax, Shahid Ahmed has said that government was trying to make tax system transparent, and said that textile, sports, carpet...