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June 02, 2007 Saturday Jamadi-ul-Awwal 16, 1428 Govt advised to cut fiscal deficit in 2007-08 KARACHI, June 1: The State Bank of Pakistan Governor Dr Shamshad Akhtar has emphasised upon the government to strictly adhere to the Fiscal Responsibility and Debt Limitation Act, 2005 and reduce... PM seeks investment in energy sector ISLAMABAD, June 1: Prime Minister Shaukat Aziz on Friday said there was huge potential for investment in the energy sector due to high growth, demand and good returns....   Mixed trend witnessed in essentials’ prices KARACHI, June 1: Consumers saw a mixed trend in kitchen items last month as prices of fine atta (10 kg bag), ghee, cooking oil, rice, masur, tomato and egg increased as... Demand for duty cut on crude palm oil opposed ISLAMABAD, June 1: The Pakistan Vanaspati Manufacturers’ Association (PVMA) has strongly opposed the proposal of the Pakistan Edible Oil Refiners Association, seeking reduction of customs duty by Rs1,000 per ton on import of crude palm oil.... Stocks retreat after hitting fresh peak KARACHI, June 1: The KSE 100-share index on Friday crossed the psychological barrier of 13,000 points, but failed to sustain gains above this level owing to weekend selling in the leading bank, oil and cement shares.... New formula for clearing detained vehicles KARACHI, June 1: The Central Board of Revenue (CBR) has once again changed its stance over the issue of detained and seized trucks and buses by allowing the customs authorities to... Govt’s assurance to APTA LAHORE, June 1: Commerce Minister Humayun Akhtar Khan and head of the Senate’s standing committee on finance, economics and statistics, Ahmed Ali, have assured the All-Pakistan Textile Association (APTA) delegation of... Indian inflation eases NEW DELHI, June 1: Wholesale price inflation in India eased to a 10-month low in May led by lower prices for food staples such as cooking oil, official data showed on Friday.... Lamy urges early accord on free trade BRUSSELS, June 1: WTO director general Pascal Lamy stressed on Friday the growing urgency of making a breakthrough in struggling free-trade talks, urging leaders of the Group of Eight richest countries to “just do it”.... Oil prices ease slightly LONDON, June 1: World oil prices stabilised on Friday as traders examined a surprise decline in US crude stocks and fresh production disruptions in key crude exporter Nigeria.... PSO floats tender for 750,000 tons of fuel oil SINGAPORE, June 1: Pakistan State Oil (PSO) has tendered to buy up to 750,000 tons of July-September fuel oil, down a third from the year-high volumes sought in the previous three-month cycle, a company official said on Friday.... 4,000 bales change hands on renewed trading KARACHI, June 1: Trading on the cotton market is progressively picking up as some of the spinners lifted another 4,000 bales including odd lots of low-mix from the centrally Punjab ginneries.... Eurozone gears up for brisk growth BRUSSELS, June 1: The 13-nation eurozone economy is set for brisk growth this year despite losing some pace in the first three months, official data showed on Friday as unemployment fell to a record low point.... Seeking tax exemptions not healthy attitude: CBR ISLAMABAD, June 1: Chairman Central Board of Revenue (CBR) M. Abdullah Yousuf has regretted that potential taxpayers are not willing to pay their due taxes and want exemptions to save their earnings from being taxed.... US adds 157,000 jobs as economy picking up WASHINGTON, June 1: US employers added 157,000 jobs in May, the Labour Department said on Friday in a sign that the world’s biggest economy is regaining vitality after the weakest growth in over four years.... Russia delays decision on TNK-BP gas field MOSCOW, June 1: Russian regulators on Friday delayed a hotly anticipated decision on whether to withdraw British-Russian oil major TNK-BP’s right to develop a vast Siberian gas field, the company said.... Karachi Port operations KARACHI, June 1: Seven ships carrying chemicals, steel coils and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was... Port Qasim KARACHI, June 1: Normal shipping activity was witnessed at the port where two ships Wattiyah and Oriental Miho to load, unload containers and chemicals were accommodated on berths at QICT and... Asian stocks mostly up HONG KONG, June 1: Asian stocks closed mostly higher on Friday with investors shrugging off a mixed performance by Wall Street and on-going concerns about a further sell-off in China.... European shares higher LONDON, June 1: Europe''s main stock markets rose on Friday as earlier gains in Tokyo offset a subdued overnight performance in New York, dealers said. London''s FTSE 100 index of leading shares rose 0.29... Palm oil lower KUALA LUMPUR, June 1: Malaysian crude palm futures closed 0.7 per cent lower on Friday after hitting a new high as players booked profit ahead of the weekend and prices of rival soyaoil declined.... Global talks BRASILIA, June 1: Brazilian President Luiz Inacio Lula da Silva plans to forge a common front with India on global trade talks and slash protectionism that keeps trade to a trickle...

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