June 28, 2005	Tuesday	Jumadi-ul-Awwal 20, 1426

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All taxes to come under one roof: 12 offices to be set up KARACHI, June 27: Central Board of Revenue Chairman Mohammad Abdullah Yousuf said on Monday that all internal taxes, including income tax, sales tax, customs duty and excise duty, would be brought...		Farm development loans fail to pick up KARACHI, June 27: Agricultural loaning in Pakistan has been on the rise over the past five years but banks are lending more to farmers for production purposes rather than for farm development....
Two foreign car makers to set up units KARACHI, June 27: Two new foreign car manufacturing companies would establish their units in Pakistan and if all goes smoothly, they would start manufacturing in 2007....		Taxpayers need more facilities, says Ibad KARACHI, June 27: Governor Sindh Dr Ishratul Ibad Khan has said that taxpayers of Karachi in particular and the province in general need more facilities and respect as they contribute most to the national exchequer....
Saarc may miss Safta accord deadline ISLAMABAD, June 27: The South Asian Association for Regional Cooperation (Saarc) is likely to miss the deadline to finalize negotiations in the four areas for implementation of the South Asia Free...		Oil nears $61 on robust demand LONDON, June 27: Oil prices rose a dollar to a new record near $61 on Monday, driven by the resilience of world energy demand in the face of high fuel costs...
Selling sets in on stock market KARACHI, June 27: Stocks on Monday finished with an extended loss as investors played safe owing to year-end considerations and liquidity problems amid a lightly traded session....		European stocks fall LONDON, June 27: Leading European stock markets closed lower on Monday as record high oil prices worried investors and a rise in the German Ifo business climate index failed to lift sentiment....
Proposals ready for cabinet approval: Trade policy by July-end LAHORE, June 27: Minister of State for Commerce Hamid Yar Hiraj has said the new trade policy would be announced by the end of July. He told reporters after inaugurating the...		Prices inch up on cotton market KARACHI, June 27: Cotton prices on Monday were revised upward by Rs25 per maund as ginners raised their asking prices apparently taking cue from the international markets....
Pre-bid moot for Mustekham Cement today ISLAMABAD, Jun 27: The Privatization Commission (PC) is holding apre-bid conference here on Tuesday for sale of 85.29 per cent shares of Mustekham Cement Limited (MCL) held by the holding company SCCP....		Business morale FRANKFURT, June 27: Business sentiment in Germany improved for the first time for five months in June, a new poll showed Monday, as industry leaders looked to a weaker euro...
New gas find not to affect pipeline projects: India NEW DELHI, June 27: India’s discovery of a large natural gas field will not affect plans to build trans-national gas pipelines, the country’s oil minister said on Monday, but analysts said...		Karachi Port operations KARACHI, June 27: Five ships carrying coal, steel bars and to load cement are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
Port Qasim KARACHI, June 27: Two ships carrying containers and coal were allotted berths at QICT and IOCB during the last 24 hours, said a PQA press release on Monday....		Import of all types of sugar allowed KARACHI, June 27: The government has allowed both commercial importers and sugar mills to import raw sugar having more or less than 600ICUMSA, which means that sugar with above this level...
World economy BASEL, June 27: The Bank for International Settlements warned on Monday that further increases in the price of oil could do far more harm to the global economy than expected....		Chip dispute GENEVA, June 27: A World Trade Organization appeals panel on Monday upheld US duties that hit South Korea’s Hynix Semiconductor, imposed because Washington said the firm received illegal government restructuring aid....
Suzuki gears up to meet demand KARACHI, June 27: Pak Suzuki Motor Company Limited Managing Director Kenichi Ayukawa has said that the company has geared up its effort to meet the current demand in order to eliminate...		Palm oil ends lower KUALA LUMPUR, June 27: Malaysian palm oil prices were down slightly after tracking fresh losses in rival US soyaoil. Volume on the futures market was light, with players split on direction...