May 12, 2006	Friday	Rabi-us-Sani 13, 1427

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KSE to implement 30-index from July 1 KARACHI, May 11: A meeting of the board of directors of the Karachi Stock Exchange on Thursday decided to implement the much-awaited KSE-30 index from July 1....		Importers upset on falling local rates: Chinese cement arrives KARACHI, May 11: A ship, S Kala, from China loaded with 26,620 tons of loose cement was accommodated berth at Port Qasim on Thursday. Around 250,000 to 300,000 tons of cement...
A-Max parts import at CKD rates opposed KARACHI, May 11: Four major car assemblers of the country have expressed serious reservations on the government policy to allow new entrants to the auto assembling field for importing A-Max parts at completely knock down (CKD) rates....		Turkey imposes 5.4pc duty on yarn import KARACHI, May 11: Turkey has imposed 5.4 per cent duty on import of yarn from Pakistan. The sudden move has resulted in hold-up of a number of shipments at ports in Karachi and Istanbul....
Bearish spell continues on stock market KARACHI, May 11: Stocks on Thursday gave another lacklustre performance as leading investors kept to the sidelines most of the time apparently awaiting the return of leading bulls in an oversold market....		Price war continues on cotton market KARACHI, May 11: Trading on the cotton market on Thursday remained slow as ginners and spinners were locked in a price war to tilt the balance in their respective favour....
Consumers paying Rs65-70 for LPG KARACHI, May 11: There is no sign of a let-up in prices of liquefied petroleum gas (LPG) as many dealers are now charging Rs65-70 as compared to Rs55-60 per kg last week....		PSMC to pay back Rs10bn debt on 15th ISLAMABAD, May 11: The management of Pakistan Steel Mills Corporation (PSMC) has decided to return about Rs10 billion outstanding loans to seven commercial banks on May 15....
Inflation up by 8.03pc in 10 months ISLAMABAD, May 11: Inflation rose by 8.03 per cent during the first 10 months of the current fiscal year over the corresponding period of last year....		Pakistan signs New York Convention: Trade disputes ISLAMABAD, May 11: Pakistan has signed the New York Convention under which arbitration decisions of the courts of foreign countries in terms of investment disputes would be implemented by the Pakistan courts....
Oil prices rise LONDON, May 11: World crude prices rose strongly on Thursday as the kidnapping of three foreign staff in the Nigerian oil city of Port Harcourt added to concerns over global supplies, dealers said....		Move to simplify IT return form ISLAMABAD, May 11: The government is considering a proposal to further simplify all columns in annexes to income tax return forms in the next budget....
Reconstruction opportunity zones in 20 districts proposed ISLAMABAD, May 11: Pakistan has proposed the establishment of reconstruction opportunity zones (ROZs) in 20 districts, including the quake-hit areas of NWFP and Azad Kashmir, for export of duty free products to the United States....		Indian firm gets sugar export quota to Pakistan MUMBAI, May 11: Indian Sugar Exim Company Ltd has been allocated a special quota from the government that will allow the firm to export up to 150,000 tons of sugar to Pakistan, its chief executive said on Thursday....
Reforms in China’s exchange regime WASHINGTON, May 11: The US government’s reluctance to get tough with China’s currency regime has left seething members of Congress threatening to take matters into their own hands....		SAI condemns arrest of businessman KARACHI, May 11: SITE Association of Industry (SAI) chairman Ameen Bandukda on Thursday condemned the arrest of Farooq Garib in connection with hazardous waste disposal case in Site area that led...
IDEAS 2006 from Nov 21 KARACHI, May 11: The fourth International Defence Exhibition and Seminar —IDEAS 2006 — will be held on Nov 21-24 at the Karachi Expo Centre....		NBP signs pact for remittances KARACHI, May 11: The National Bank of Pakistan and Workers Equity Holding B.S.C. (WEH), a UAE-based company, have signed an agreement for providing a home remittance service to Pakistanis employed in...
Shell Tameer awards KARACHI, May 11: Federal Minister for Industries and Production Jehangir Khan Tareen has urged the youth to actively contribute in the economic growth of the country....		London sugar up LONDON, May 11: London white sugar futures rose to just below all-time highs at midday on Thursday as speculators piled into the commodities complex from oil to metals....
Kuwait revalues dinar KUWAIT/LONDON, May 11: Kuwait revalued the dinar for the first time in 17 months on Thursday, sparking a rally in regional currencies and intense market speculation that Saudi Arabia, the world’s top oil exporter, would follow....		Karachi Port operations KARACHI, May 11: Five ships carrying containers, general cargo and coal are expected to arrive at the outer anchorage on Friday, according to KPT sources....