June 23, 2005	Thursday	Jumadi-ul-Awwal 15, 1426

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FDI crosses $1bn mark during 11 months ISLAMABAD, June 22: The foreign direct investment in Pakistan crossed $1 billion mark during the first 11 months of the current fiscal year, showing an increase of 14 per cent over...		SBP signals stability in interest rates KARACHI, June 22: The State Bank on Wednesday sent a clearer signal that it would keep interest rates stable to help the economy grow by a targeted rate of seven per...
Pakistan, US discuss FTA WASHINGTON, June 22: The United States Trade Representative (USTR) team and Pakistan’s delegation led by Commerce Secretary Tasneem Noorani on Tuesday discussed in detail Pakistan-US free trade agreement in a meeting...		Over 100 foreign exhibitors to attend fair: ‘My Karachi’ KARACHI, June 22: Over 100 foreign exhibitors are participating in the trade fair “My Karachi – Oasis of Harmony,” being organized by Karachi Chamber of Commerce and Industry from June 24-26,...
KSE 100-share index sheds another 80.64 points KARACHI, June 22: Stocks on Wednesday suffered fresh decline under the lead of PTCL and oil shares as investors were not inclined to take fresh positions....		Balochistan allocates Rs11.76bn for ADP QUETTA, June 22: The Balochistan government has allocated Rs11.76 billion for Annual Development Plan (ADP) for the fiscal year 2005-06, showing a decline of 17.64 per cent over the ongoing year’s...
Ban on export of gram sought KARACHI, June 22: Pulses millers and wholesale grocers have again sought a ban on the export of desi chic peas (gram whole), especially to India in order to control the price...		US, EU to probe IPRs violation in Pakistan ISLAMABAD, June 22: The United States and the European Union will jointly carry out a survey in Pakistan to measure the quantum of violation of intellectual property rights (IPRs)....
Broadening of micro financing KARACHI, June 22: Pakistan is trying to increase the outreach of micro financing to three million people in five years from the existing one million, according to Tawfiq A. Husain, deputy...		NBP’s margin financing KARACHI, Jun 22: The National Bank on Wednesday announced the launching of margin financing facility exclusively for retail investors for investment in stock market. According to a senior...
World grain output seen falling by 2.8 per cent ROME, June 22: World-wide cereal output is expected to decline 2.8 per cent this year from record levels in 2004 in response to decreases in the United States and Europe,...		Cotton market lacks lustre KARACHI, June 22: The cotton market on Wednesday lacked normal trading interest as spinners and ginners remained locked in a price war in line with the TCP selling rates...
Aptma seeks duty cut on raw materials ISLAMABAD, June 22: All Pakistan Textile Mills Association (Aptma) has sent a list of 200 raw materials to the Central Board of Revenue (CBR) for reduction of import duty...		Election KARACHI, June 22: Mohammad Irfan, leader of the Karachi Electronic Dealers (Irfan Bhai Group), has demanded that new election of the electronic dealers should be held under the supervision of senior...
Oil drops LONDON, June 22: World oil prices fell on Wednesday after the weekly snapshot of US crude inventories showed no surprises, leaving traders to delay a push to new historic levels above...		European gold prices lower LONDON, June 22: Gold eased in Europe on Wednesday as the market digested this week’s run to a three-month high at $441 per ounce, with dealers confident that prices would attack...
Asian stocks close mostly higher HONG KONG, June 22: Asian stocks closed mostly higher on Wednesday with investors focusing on specific sectors for local reasons and ignoring a mixed performance by Wall Street....		Malaysian palm oil up BANGKOK, June 22: Malaysian crude palm oil futures ended up on Wednesday, chasing higher prices of rival US soyaoil, dealer said. Soyaoil and palm oil compete for similar export destinations...
Nominated KARACHI, June 22: FPCCI President Ch Mohammad Saeed has nominated Syed Mohammad Shafaat Zaidi, former president of Pakistan Society of Sugar Technologist, as vice-chairman of the FPCCI....		Karachi Port operations KARACHI, June 22: Four ships and DAP fertilizer are due to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was brisk where eight...