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| June 16, 2006 | Friday | Jumadi-ul-Awwal 19, 1427 |
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Record Rs32bn ADP for Sindh
KARACHI, June 15: The Sindh government has allocated an all-time high amount of Rs32 billion for the Annual Development Plan (ADP) for the fiscal year 2006-07 with an objective to mitigate the sufferings of the people of the province.... 
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Daimler-Chrysler to invest $5.8bn
ISLAMABAD, June 15: Daimler-Chrysler and Coastal Group has decided to invest $5.85 billion in Pakistan by starting production of Mercedes-Benz trucks, both commercial and military, buses and Mercedes cars of various types to create a vendor industry....
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Provinces asked to raise more funds for ADP
ISLAMABAD, June 15: The federal government has asked the provinces to raise additional resources to adequately implement their development plans in 2006-07....
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SECP directive on disposal of NBFC shares
ISLAMABAD, June 15: The Securities and Exchange Commission of Pakistan (SECP) on Thursday warned the promoters and majority shareholders of Non-banking finance companies (NBFCs) to refrain from indulging in business practices detrimental to the interests of the minority shareholders....
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KSE stages spectacular recovery of 410 points
KARACHI, June 15: The KSE 100-share index on Thursday staged a massive recovery of 410.48 points or 4.68 per cent on active short-covering aided by downward revision of the exit mechanism...
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Cotton prices rise amid active buying
KARACHI, June 15: Active trading was witnessed on the cotton market on Thursday as spinners and mills resumed normal buying operations haunted apparently by pressure on futures supplies....
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Exploration licence granted
ISLAMABAD, June 15: The government on Thursday granted an exploration licence to Pakistan Oilfields Limited over block No.2567-7 (Kirthar South) in zone -III, covering an area of 2150.06...
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Oil prices rise on supply concerns
LONDON, June 15: World oil prices climbed higher on Thursday on ongoing supply concerns and prospects of higher Chinese demand for energy, analysts said....
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Malaysia, Pakistan to promote Islamic banking
KARACHI, June 15: Malaysia and Pakistan will make joint effort to promote Islamic banking and develop research for education and training in this field....
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Humayun to lead team at WTO talks
ISLAMABAD, June 15: Pakistan is taking seriously the end-June deadline for a deal on `modalities’ on how much the Doha round will offer cuts in farm subsidies as well as tariffs...
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Dawn Asia finance conference
KARACHI, June 15: The 2nd series of Dawn Asia Finance Conferences — “Fund Managers: Pakistan’s Capital Markets” —will be hosted at the Pearl Continental Hotel here on Friday and Saturday....
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JEC proposes PTA between Pakistan, Afghanistan
ISLAMABAD, June 15: The Pak-Afghan Joint Economic Commission (JEC) has proposed that both the neighbours should enter into Preferential Tariff Agreement (PTA) and ultimately lead it towards a Free Trade Agreement (FTA) by eliminating tariffs and trade barriers....
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Body to revise Trade Organisations Ordinance
KARACHI, June 15: The government has formed a committee headed by Justice (retd) Saleem Akhtar to review the existing Trade Organisations Ordinance-1961 for matching the present and future regulatory requirements of trade bodies....
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US industry output slips
WASHINGTON, June 15: US industrial production fell 0.1pc in May after a 0.8pc jump the prior month, the Federal Reserve said on Thursday....
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Palm oil prices lower
NEW DELHI, June 15:Malayian crude palm oil futures ended marginally lower on Thursday due to lacklustre exports and a decline in the priceof soyaoil, dealers said....
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Karachi Port operations
KARACHI, June 15: Five ships carrying containers, general cargo and steel are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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