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July 02, 2006 Sunday Jumadi-ul-Sani 5, 1427 WTO states fail to agree on farm, tariff cuts: Lamy asked to end deadlock Geneva, July 1: Ministers from the world''s top trading nations on Saturday failed to agree new moves to slash farm and industrial tariffs and curb agriculture subsidies, with members of the... Mills stop payment to sugarcane growers LAHORE, July 1: Sugar mills have begun adjusting their (working capital) loans obtained from commercial banks against the security of their sugar stocks as is ordered by the central bank, leading to the stoppage of payment to sugarcane growers.... Procedure for filing statement of property, car sale ISLAMABAD, July 1: The Central Board of Revenue has notified the procedure for filing statement of immovable property and sale of motor cars on monthly basis with the income tax department.... TCP asked to stop sugar import KARACHI, July 1: After entering into import contracts of 0.815 million tons of sugar the Trading Corporation of Pakistan (TCP) has been directed by the government to stop further imports.... KPT handles record 32m tons cargo in FY06 KARACHI, July 1: The Karachi Port handled a record volume of over 32 million tons of cargo during out-going fiscal 2005-06, thereby registering a growth of over 13 per cent over the previous year.... Textile industry’s loan relief request rejected KARACHI, July 1: State Bank of Pakistan Governor Dr Shamshad Akhtar has politely turned down textile tycoons’ plea for subsidisation on interest rates on commercial loans they have acquired from banks.... Sri Lanka allows duty free import of rice ISLAMABAD, July 1: The Sri Lankan government has allowed duty free import of 9,337 tons of rice from Pakistan under the Free Trade Agreement (FTA), which could be utilized till December 2006.... Prices show mixed trend: Kitchen items KARACHI, July 1: The last month depicted a mixed trend in prices with increase in rates of onion, gram pulse and tomato in contrast to decline in prices of some pulses, sugar, ginger and garlic.... CFS rates fall on liquid market KARACHI, July 1: The weighted average CFS rate on the Karachi Stock Exchange last week suffered a fractional decline of 20 basis points as the inter-bank money market remained liquid.... G20 concerned at slow movement by rich nations ISLAMABAD, July 1: The G20 group of developing countries voiced concern over lack of movement by rich countries, especially the United States towards a meaningful reduction in trade-distorting domestic subsidies on agriculture.... Trading remains slow on new TCP tender KARACHI, July 1: Trading activity on the cotton market on Saturday remained relatively slow as latest lint sale tender by the TCP seems to have taken steam out of the physical business.... Deadline for CNIC submission extended KARACHI, July 1: The State Bank on Saturday extended the deadline for obtaining computerised national identity cards (CNIC) from customers and clients.... Bush names Mishkin to Fed board WASHINGTON, July 1: US President George W. Bush has named Frederic Mishkin, a Columbia University professor, to the Federal Reserve''s board of governors, the White House said on Friday.... First call centre hotel project KARACHI, July 1: Pakistan’s first “call centre hotel” project will be launched in Karachi in coordination with reputed Indian voice and data company GTL India and VELink of the US and... Minimum value fixed for GST on six items ISLAMABAD, July 1: The Central Board of Revenue (CBR) has notified minimum level of value addition for the levy of general sales tax (GST) at retail stage of six items.... Tk40bn black money whitened in Bangladesh DHAKA, July 1: A total of Tk15,000 million of black money has been whitened in the last three days of June.... Pakistan, Japan ties KARACHI, July 1: Japanese Ambassador to Pakistan Seiji Kojima has said his country’s relations with Pakistan are based on shared perceptions on many international issues and both the countries have good... PSM billet value fixed ISLAMABAD, July 1: The Central Board of Revenue (CBR) has fixed value of Pakistan Steel billet at Rs22,000 per ton for the purpose of assessment of sales tax.The... Commodity markets mostly rebound LONDON, July 1: The price of many commodities, including crude oil, gold and copper, rebounded this week as the market focused on tight supplies, strong demand and a weaker US currency.... Steel firms should consolidate after Mittal-Arcelor deal NEW DELHI, July 1: Lakshmi Mittal, whose steel company has struck a $32.5-billion deal to acquire European steelmaker Arcelor, says other firms in the industry should also consolidate.... ‘High oil price will not harm world growth’ PARIS, July 1: Higher oil prices have not had a negative impact on global growth, Saudi Arabia''s oil minister wrote in a French newspaper on Saturday, saying initiatives by oil producing states would stabilise the market sooner or later.... US stocks market fall NEW YORK, July,1: US stocks ended the final day of the second quarter on a down note, slipping on Friday after weaker-than-expected data on Chicago-area manufacturing stirred concerns about the economy... India aims for 25pct loan growth MUMBAI, July 1:India''s largest lender State Bank of India is forecasting 25 percent loan growth in the year to March 2007 as growth remains strong in Asia''s third-largest economy.... Relief package for Indian farmers NEW DELHI, July 1:India''s Prime Minister Manmohan Singh on Saturday announced an $835-million relief package to aid farmers in the country''s main cotton belt where crippling debts and falling prices have led to thousands of suicides.... Renault, Nissan mull capital investment in GM TOKYO, July 1: French automaker Renault and its Japanese partner are considering a capital investment of up to 20 per cent of the outstanding shares in General Motors Corp.,... Dollar tumbles NEW YORK, July 1: The dollar fell sharply on Friday, still reeling a day after the US Federal Reserve raised key lending rates but hinted at a pause in the central bank''s series of rate hikes.... Japan may announce end of deflation TOKYO, July 1: Japan is likely to announce later this month that the nation''s deflationary situation will be over by the end of the year, the daily Yomiuri Shimbun reported on Saturday.... TCP receives Rs17.4bn KARACHI, July 1: The Trading Corporation of Pakistan (TCP) has so far received Rs17.420 billion from the government as payment against the difference in procurement and sale price of different commodities.... Port Qasim KARACHI, July 1: Port Qasim witnessed brisk shipping activity where four ships to load/unload containers, wheat and sugar were given berths at the QICT and MPT terminals, respectively, during the last 24 hours, says a PQA press release.Meanwhile... Karachi Port operations KARACHI, July 1: Six vessels, carrying rock phosphate, steel and general cargo, are due to arrive at the outer anchorage on Sunday, according to KPT sources....

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