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| June 20, 2006 | Tuesday | Jumadi-ul-Awwal 23, 1427 |
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Centre turns down provinces’ request: Prepayment of loans
ISLAMABAD, June 19: The federal government has turned down a request for prepayment of provincial loans through low-interest market loans but offered to revise the National Finance Commission award provided the provinces reached consensus on horizontal distribution of resources.... 
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India declines to import chillies
ISLAMABAD, June 19: India has refused to import chillies from Pakistan despite facing a domestic shortage. The Indian government has turned down the Pakistani offer on the grounds that the availability...
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Bosicor plans to set up 100 petrol pumps
KARAHCI, June 19: A local refinery is planning to install around 100 petrol pumps in the next two years, of which 30-40 outlets will be opened this year....
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Sindh minister supports defence outlay
KARACHI, June 19: Sindh Irrigation and Power Minister Nadir Akmal Khan Leghari has said the defence allocation of Rs250 billion and development outlay of Rs453 billion in the budget 2006-07 reflect prudent priorities and positive thinking of the government....
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Oracle to invest more in Pakistan
ISLAMABAD, June 19: Pakistan is the fastest growing economy in South Asian region and Oracle will continue to invest in the country to further boost its Information Technology sector....
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Demand for Opec oil to rise
VIENNA, June 19: Opec''s estimate for demand for its oil in 2006 is up by 100,000 barrels per day (bpd), even if high prices are reducing growth in oil demand in...
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Taming inflation in FY07 looks difficult: SBP policy next month
KARACHI, June 19: The new monetary policy is expected in the third week of next month and it would follow the tightening of monetary expansion despite the government’s expansionary budget for the next fiscal year, said banking sources on Monday....
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SBP to sell Rs45bn T-bills
KARACHI, June 19: The State Bank would sell treasury bills worth Rs45 billion on Wednesday. The SBP in a press release on Monday said the auction target had been set at Rs45 billion....
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Clearance of imports
ISLAMABAD, June 19: The government has allowed clearance of used parts and commercial imports after paying a fine of 30pc of the value besides other duties and taxes....
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KSE index recovers 337 points
KARACHI, June 19: Stocks on Monday resumed trading on a higher note and finished with an extended gain on an active follow-up support on the blue chip counters despite mid-session profit-selling at the inflated levels....
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Cotton market lacks lustre
KARACHI, June 19: Trading on the cotton market on Monday resumed on a dull note as spinners remained conspicuous by their absence apparently in a tactical move to force ginners to lower their asking prices....
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IFC sets up mediation centre
KARACHI, June 19: The International Finance Corporation (IFC), the private sector arm of the World Bank group, is establishing a pilot mediation centre in Karachi, the first of its kind in...
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Karachi Port operations
KARACHI, June 19: Berthing activity at the wharves is expected to gather fresh moment on Tuesday as 10 vessels are expected to arrive at the outer anchorage, according to KPT sources....
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Indian exports grew 29.6pc in May
NEW DELHI, June 19: India’s exports surged by 29.6pc in May from the same month a year earlier to $9.36bn but the trade deficit swelled on rising oil import costs, the trade ministry said on Monday....
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European shares up
LONDON, June 19: European stock markets rebounded strongly on Monday, buoyed by the telecoms sector as Nokia and Siemens announced a merger of their equipment and network activities....
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Palm oil ends down
NEW DELHI, June 19: Malaysian crude palm oil futures ended lower on Monday, after falling for most of last week, due to a decline in soayoil prices and weak demand, dealers said....
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