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June 27, 2006 Tuesday Jumadi-ul-Awwal 30, 1427 Tenants protest at increase in rents: Evacuee property KARACHI, June 26: Thousands of tenants of Evacuee Property Trust Board (EPTB) in the country have been clamouring over the phenomenal increase in rent by the board, terming it as a... Slab change by Re1 to raise IT rate drastically KARACHI, June 26: Although individuals and salaried class will get some relief from the measures announced in the budget 2006-07, in the absence of `marginal relief’ as given in the past... JSIBL executes transfer agreement with JS Bank: Assets, liabilities KARACHI, June 26: Jahangir Siddiqui Investment Bank Limited (JSIBL) has informed the Securities and Exchange Commission of Pakistan wants FTA talks with Jordan (SECP) and Karachi Stock Exchange (KSE) that it had executed a Transfer Agreement... Rozgar scheme delayed KARACHI, June 26: The ‘Rozgar’ scheme that promised to create 400,000 new jobs at a cost of Rs12 billion was to be launched from July 1.... Mittal tightens grip on global steel industry LONDON, June 26: The Arcelor-Mittal mega merger is the latest tactical masterstroke from steel sector king Lakshmi Mittal, the Indian-born billionaire whose metals empire has rapidly expanded across the globe.... Gazprom, Iran discuss joint ventures MOSCOW, June 26: The head of Russian gas giant Gazprom, Alexei Miller, met here on Monday with Iranian deputy oil minister Hadi Nedjad-Hoisseinian to discuss possible oil and gas exploitation and transportation ventures, Gazprom said.... Pakistan wants FTA talks with Jordan ISLAMABAD, June 26: Commerce Minister Humayun Akhtar Khan has proposed initiation of a dialogue on the freed trade agreement (FTA) with Jordan.... State Bank sucks in Rs5.7bn KARACHI, June 26: The State Bank on Monday mopped up Rs5.7bn from the market in a 10-day repo sale but the short-term rate remained at the undesired low level.... Oil prices climb LONDON, June 26: World oil prices jumped on Monday, lifted by tensions surrounding major crude producer Iran and amid strong demand for energy in the United States, analysts said.... US home sales up WASHINGTON, June 26: Sales of new US homes jumped 4.6 per cent in May to an annualised rate of 1.234 million units, the Commerce Department said on Monday, outpacing expectations and signalling strength in the housing sector.... SC ruling triggers panic-selling, index dips 402 points KARACHI, June 26: The KSE 100-share index on Monday took another massive plunge of 402.83 points or 4.11pc at 9,404.70 on panic-selling triggered by annulment of Pakistan wants FTA talks with Jordan Steel sale deal by... Cellphone growth LONDON, June 26: The mobile phone market across Western Europe is forecast to grow by 43.3 per cent by 2011, according to a study by telecoms research group Analysts, published on Monday.... Turkish lira steady after rate hike ANKARA, June 26: The Turkish lira stemmed recent sharp losses on Monday after the central bank raised its key interest rate for the second time in a month and auctioned off... Slow trading on cotton market KARACHI, June 26: Trading on the cotton market on Monday resumed on an insipid note as both spinners and mills remained busy with the TCP sale tender for 33,000 bales of lint and did not fully participate in the local activity.... Karachi Port operations KARACHI, June 26: Four ships carrying palm oil, containers and to load ethanol are due to arrive at the outer anchorage on Tuesday, according to KPT sources.... Caspian gas pipeline project VIENNA, June 26: The European Union and the energy ministers of Austria, Hungary, Romania, Bulgaria and Turkey agreed on Monday to go ahead with the construction of a pipeline that will enable Europe to reduce its dependence on Russian gas.... Tax officers’ role lauded KARACHI, June 26: Chairman CBR Abdulla Yousuf has lauded the role of taxation officers in achieving the revenue target for the year 2005-06. Addressing the officers of Customs, Federal Excise and... Gold edges higher LONDON,june 26: Gold edged higher in Europe on Monday despite a stronger US dollar as investors focused on inflation ahead of a meeting later this week where the US Fed is expected to hike interest rates.... Asian stocks lower HONG KONG, June 26:Asian stocks were mixed on Monday, finding no lead in a muted Wall Street performance as cautious investors marked time ahead of an expected US interest rate hike later this week, dealers said.... Palm oil exports down KUALA LUMPUR, June 26: Exports of Malaysian oil palm products for June 1-25 stood at 849,560 tons, down 0.67 per cent from 855,297 tons shipped in May 1-25, cargo surveyor Societe Generale de Surveillance said on Monday.... European shares mixed LONDON, June 26: European stocks were mixed on Monday, with the steel sector in sharp focus after Arcelor finally succumbed to a partnership deal with Mittal Steel to create a global steel behemoth, dealers said.... London sugar LONDON, June 26:London white sugar futures eased on light speculative profit-taking towards on Monday, with trade support in the front-month spread, traders said. Benchmark August was down $3.90...

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