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June 18, 2006 Sunday Jumadi-ul-Awwal 21, 1427 NWFP allocates Rs26.63bn for ADP PESHAWAR, June 17: The NWFP government on Saturday allocated a record Rs26.63 billion for the Annual Development Programme (ADP) for the fiscal year 2006-07, projecting huge amounts for social and economic... PSF import removal from DTRE creates anomaly LAHORE, June 17: The federal government’s decision to remove the import of man-made, synthetic fibres, especially polyester staple fibre (PSF), from the Duty and Tax Remission for Export (DTRE) scheme will... Pakistan, Yemen can boost trade ties KARACHI, June 17: Pakistan and Yemen have bright prospects for increasing their two-way trade as both the countries could easily meet each others needs by enhancing economic cooperation in all sectors.... Fund managers invest for three reasons: Emerging markets KARACHI, June 17: International fund managers invest in emerging markets for three reasons, said Kalim Aziz, senior analyst at Kairos Investment Management Limited, London at the Dawn Asia Finance Conference 2006... Customs detains another shipment of Chinese cement KARACHI, June 17: After detaining 23,300 tons of Chinese cement on June 9, at the Karachi Port, the Customs authorities have detained another shipment of around 21,500 tons Port Qasim few... Decision on modalities by rich to hurt poor countries ISLAMABAD, June 17: Speakers at a seminar said the finalisation of modalities for tariffs and subsidies on farm and industrial sectors by rich countries would hurt the interest of poor countries.... Financing under CFS declines KARACHI, June 17: Financing under the CFS on the Karachi Stock Exchange suffered fresh sharp decline, as investors’ demand for funds remained at low ebb owing to the prevailing volatility on the market.... Norwegian firm to set up wind turbines ISLAMABAD, Jun 17: A Norwegian company, NBT AS, will establish manufacturing facilities of Mega Watt Class wind turbines in Pakistan.... China aims to limit new projects BEIJING, June 17: China has called on local authorities around the country to control new projects, newspapers reported on Saturday, as the government tries to restrain breakneck growth.... TCP buys mash and channa KARACHI, June 17: The Trading Corporation of Pakistan (TCP) on Saturday awarded contracts for 51,000 tons of desi channa and 10,000 tons of mash (whole) against its tenders dated June 2, 2006.... SBP relaxes terms for trade loans KARACHI, June 17: The State Bank on Saturday decided to further relax the instructions regarding trade loans against FE-25 deposits, with a view to facilitating genuine export transactions.... Oil reserve facility BEIJING, June 17: China will complete construction of its first strategic oil reserve facility in August, state press reported on Saturday.... Price ideas fail to find meeting ground KARACHI, June 17: The cotton market finished the weekend session on a steady note but physical business remained at low ebb, as price ideas of buyers and sellers failed to find a meeting ground owing perhaps to higher asking prices.... Egypt, China sign 11 trade accords CAIRO, June 17: Egypt and China signed 11 trade, business and cooperation agreements on Saturday as Chinese Prime Minister Wen Jiabao began an African tour which concentrates on energy supplies and economic relations.... Govt urged to withdraw various budget proposals ISLAMABAD, June 17: Pakistan Cotton Fashion Apparel Manufacturers and Exporters Association has asked the government for withdrawal of various budgetary proposals, as these will adversely affect the industrial, commercial operations of the textile sector.... Poultry rates KARACHI, June 17: The following were Saturday’s poultry rates:... Port Qasim KARACHI, June 17: Brisk shipping activity was witnessed at the port where four ships carrying containers, chemicals, and sugar were accommodated on berths at QICT, Engro Vopak, and MPT terminals, respectively, during the last 24 hours.... Karachi Port operations KARACHI, June 17: Six ships carrying sugar, cars and containers are expected to arrive at the outer anchorage on Sunday, according to KPT sources....

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