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| June 25, 2006 | Sunday | Jumadi-ul-Awwal 28, 1427 |
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Pakistan pursuing Turkmen gas pipeline
WASHINGTON, June 24: Pakistan is in active talks with Turkmenistan to build a pipeline that will bring natural gas from the Central Asian republic to energy-starved South Asia, says Mukhtar Ahmed, energy adviser to the prime minister.... 
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President urged to review increase in gas tariffs
KARACHI, June 24: The SITE Association of Industry (SAI) has urged President Pervez Musharraf to issue directions for Oil and Gas Regulatory Authority (Ogra) to revert its decision for allowing hike in gas prices from July 1, 2006....
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Importers seek prime minister’s intervention: Dispute over cement quality
KARACHI, June 24: Cement importers seek prime minister’s intervention to resolve the ongoing dispute over the quality of imported cement....
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Govt fails to take up rice ban issue with Mexico
ISLAMABAD, June 24: The government either seemed helpless or lacking interest to convince Mexican government to withdraw the ban imposed on rice import from Pakistan around six years ago, it is learnt....
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Demand for Saudi oil going down
RIYADH, June 24: Saudi Arabian crude output has gone down over the last couple of months. Despite the wildly fluctuating oil prices, owing mainly to the minute to minute changes in the regional geo-political environment, markets are starting to appear balanced....
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Central bankers cautiously optimistic on outlook
BASEL, June 24: The world economy has weathered sharp drops in asset prices well so far but could face a slowdown if market volatility continues, central bank chiefs from key developing nations said on Saturday....
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Procedure for ST payment on advance receipts
ISLAMABAD, June 24: The Central Board of Revenue (CBR) has notified procedure for payment of sales tax against advance receipts....
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SPI shows fall
ISLAMABAD, Jun 24: The Sensitive Price Index for the week ending on June 22 for the lowest income group up to Rs3,000 registered 0.01 per cent decrease over the previous week....
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Subsidy on mango export
ISLAMABAD, June 24: The government has announced a package of subsidy for increasing the export of mangoes to EU countries that will be effective on export proceeds from July 1....
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Leather industry seeks incentives
KARACHI, June 24: Pakistan Tanners Association (PTA) Chairman Khawaja M. Yousuf has expressed concern over the sagging situation of the leather industry owing to continued decline in export of finished leather....
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CFS rates rise to 13.9pc
KARACHI, June 24: After having fallen sharply lower during the last couple of weeks, CFS rates on the Karachi Stock Exchange last week showed a modest increase to 13.9pc...
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Lint prices rise on active buying
KARACHI, June 24: Trading on the cotton market on Saturday picked up modestly as some of the spinners covered their forward positions against foreign sales of yarn and finished textiles....
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Turkey may raise interest rates
ISTANBUL, June 24: Turkey would weather a slide in the lira, said Prime Minister Tayyip Erdogan on Saturday ahead of Sunday''s extraordinary meeting of the central bank, which is likely to raise interest rates sharply....
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Committee formed on new CFS product
ISLAMABAD, June 24: The Securities and Exchange Commission of Pakistan (SECP) has constituted a high-powered committee to address issues related to Continuous Funding System (CFS) Mk II and to work out the details for its implementation....
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Senators advise Bush team to hold firm at WTO
WASHINGTON, June 24: A majority of U.S. senators urged President George W. Bush''s administration on Friday not to back down from a US proposal on farm trade at a key world trade meeting in Geneva next week....
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Dollar pushes to 8-week high
NEW YORK, June 24: The dollar vaulted higher Friday, hitting an eight-week high against the euro, amid mounting expectations of at least two more rate hikes from the US Federal Reserve in the coming months....
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