June 29, 2005	Wednesday	Jumadi-ul-Awwal 21, 1426

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Govt mulls options to cut cement prices ISLAMABAD, June 28: The government is considering various options to bring down prices of cement. One of the options includes a regulatory duty on its export immediately....		Sale of generators, UPS on rise KARACHI, June 28: Perturbed by unannounced load-shedding and frequent power failures, Karachiites are now seeking...
CARe to be introduced in whole country KARACHI, June 28: Central Board of Revenue Chairman M Abdullah Yusuf has said that successful test and trial operation of Customs Administrative Reforms (CARe) at Karachi Customs will be replicated...		July-May textile exports stand at $7.627bn ISLAMABAD, June 28: Pakistan’s export of textile products increased by 4.90 per cent to $7.627 billion during the 11 months (July-May) period of the current fiscal year, as against $7.271...
Stocks recover 176 points on badla cut-off date rumour KARACHI, June 28: Stocks on Tuesday recovered from the previous lows on active short-covering in leading oil shares and PTCL triggered by rumours...		Cotton market rules firm KARACHI, June 28: Cotton market on Tuesday consolidated overnight gains but ginners were a bit disappointed as the perception of higher price ideas in the backdrop of lower TCP reference price...
Indian inflation under control NEW DELHI, June 28: Despite record world oil prices, India’s finance minister said Tuesday that inflation was under control because the government has borrowed less than planned to fund its budget deficit....		Oil prices shed over one dollar LONDON, June 28: World oil prices slumped more than one dollar on Tuesday amidst profit-taking, but fresh record highs above $60 likely would be reached unless strong demand for energy cooled, analysts said....
PetroBras to bid for offshore blocks ISLAMABAD, June 28: PetroBras of Brazil is planning to undertake about six to eight major oil and gas exploration projects including drilling of offshore blocks besides setting up of a petrochemical...		US grant for PRL ISLAMABAD, June 28: The US Trade and Development Agency here on Tuesday awarded a $400,000 grant to Pakistan Refinery Limited (PRL) to help improve environmental standards....
Doha round talks BRUSSELS, June 28: The current so-called Doha round of international trade liberalization talks at the World Trade Organization are dangerously close to failure, politicians and trade negotiators...		Budget gap PARIS, June 28: The French government warned on Tuesday of a possible four-billion-euro ($4.83bn) shortfall in projected fiscal receipts for 2005 and raised its public deficit forecast for next year....
10 firms fined for violating rules ISLAMABAD, June 28: The Securities and Exchange Commission of Pakistan (SECP) took action against 16 companies last month for violation of different legal requirements including delay in holding...		Import bill of machinery up 46.81pc ISLAMABAD, June 28: The import bill of machinery, particularly textile related, increased by 46.81 per cent during the July-May period of the current financial year, over the same period last year....
Pakistan seeks FTA with GCC ISLAMABAD, June 28: A business delegation would soon be sent to Bahrain to explore the scope for joint ventures and business opportunities there. This was stated by additional secretary commerce...		PIDC to set up moulds, dyes centre KARACHI, June 28: The board of directors of Pakistan Industrial Development Corporation (PIDC) has approved the setting up of a state-of-the-art Moulds and Dyes Centre in Karachi at a cost of...
Commodity markets LAHORE, June 28: The following were Tuesday’s upcountry commodity market rates in rupees. Foodgrains (per 40 kg): Wheat 330 to 400; Jowar 500 to 750; Maize 400 to 500; Bajra 800; Barley 600....		Karachi Port operations KARACHI, June 28: Eight ships carrying palm oil, general cargo and containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....