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June 20, 2007 Wednesday Jamadi-us-Sani 04, 1428 Import of pulses set to shrink this year KARACHI, June 19: The import of pulses is expected to fall to 260,000 tons during this calendar year, from 460,000 tons imported in the last year, due to improved local production of some pulses to meet the consumption demand.... KSE hunting for MD KARACHI, June 19: The Karachi Stock Exchange is feverishly in search of a person with feet that fits the shoes of managing director....   Polyester industry to get Rs2bn subsidy: Exporters resent move KARACHI, June 19: The national exchequer will have to foot a bill of Rs2 billion towards payment of 3.5 per cent research and development (R/D) support allowed to the polyester staple fibre (PSF) manufacturers in the budget 2007-08.... Rs70bn Balochistan budget tomorrow Quetta, June 19: Balochistan Finance Minister Syed Ehsan Shah will present the province budget for 2007-08 in the assembly on June 21.... Surcharge on imports replaced with FED ISLAMABAD, June 19: The government has replaced the one per cent surcharge on imports announced in the Budget 2007-08 with a federal excise levy (FED) to comply with the WTO rules.... Korean firm to help build KSEW unit at Gwadar ISLAMABAD, June 19: The government is negotiating with the Daewoo Shipyard of Korea to help establish a subsidiary of the Karachi Shipyard and Engineering Works at Gwadar for repair and maintenance of bigger local and foreign ships and vessels.... Record foreign investment in 11 months KARACHI, June 19: Foreign investors kept on showing confidence in Pakistan, and made a record investment of $5.6 billion in the last 11 months of the current financial year.... Tax holiday urged to attract investors ISLAMABAD, June 19: Pakistan is fast becoming an unattractive place for international investors in the manufacturing sector to non-existence of tax holiday schemes, like other neighbouring countries, officials and analysts told Dawn on Tuesday.... Pre-bidding meeting for PSO today ISLAMABAD, June 19: The Privatisation Commission is holding a pre-bidding meeting of Pakistan State Oil (PSO) here on Wednesday to answer the queries of pre-qualified bidders for acquiring 51 per cent... Stocks finish lower on massive profit selling KARACHI, June 19: Leading shares on the stock market on Tuesday came in for active profit-selling at the higher levels and finished lower but there were buyers at the dips, indicating the current run-up was not overdone.... Oil prices ease LONDON, June 19: World oil prices dipped on Tuesday on profit-taking but remained close to their highest levels for more than nine months because of concern about global supplies, traders said.... Euro steady LONDON, June 19: The euro was steady on Tuesday despite a disappointing German business confidence survey, which failed to sway belief that a eurozone interest rate increase was likely in September, analysts said.... Doha talks bring no development to poor ISLAMABAD, June 19: Almost 75 per cent of developing countries trade negotiators believe the Doha Round of WTO has failed in its mandate to bring development to the world’s poorest countries.... Listless trading on cotton market KARACHI, June 19: Quieter conditions prevailed on the cotton market on Tuesday as spinners remained conspicuous by their absence apparently probing the Indian markets for early import of long staple lint from there.... Karachi Port operations KARACHI, June 19: Seven ships including a car carrier with 300 units are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, June 19: Brisk shipping activity was witnessed at the port where three ships carrying containers and iron ore were accommodated on berths at QICT and Iron Ore and Coal Berth... Boeing gets boost at Paris show LE BOURGET, June 19: US aircraft leasing group ILFC said on Tuesday it had placed an order for 63 new airliners with US manufacturer Boeing worth $8.8... Slow OECD job growth PARIS, June 19: The OECD said on Tuesday it foresaw a slowdown in unemployment declines next year in the world’s leading industrialised states as overall economic momentum cools, notably in the United States.... Asian stocks mostly higher HONG KONG, June 19: Asian stocks closed mostly higher on Tuesday but gains were mild as investors began to consolidate positions in the wake of falls on Wall Street.Rising... Palm oil lower KUALA LUMPUR, June 19: Malaysian crude palm oil futures ended 0.9 per cent lower on Tuesday as players booked profits a day after the market surged on Indonesia''s decision to raise export taxes for palm oil.... US housing slump WASHINGTON, June 19: US new home construction fell 2.1 per cent in May underlining a persistent slump in the country''s housing market, according to a government report on Wednesday.... European stocks LONDON, June 19: Europe''s main stock markets mostly took a step back on Tuesday after a weak performance by Wall Street overnight....

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