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June 3, 2006 Saturday Jumadi-ul-Awwal 6, 1427 Brokers accept new leveraging product KARACHI, June 2: Stock brokers have agreed to the new product for leveraging (CFS Mk II), and the reservations expressed by some participants would be addressed by a committee to be... Huge gur export hits sugar industry KARACHI, June 2: Massive export of gur to Afghanistan and Central Asian Republics (CARs) for manufacturing of alcohol has not only created acute shortage of white refined sugar in the country... Canadian firm to invest $230m in energy sector ISLAMABAD, June 2: The chief executive of Frontier Holdings limited, a subsidiary of Proprietary Industries of Canada, Nigel McCue accompanied by its president Grahem Gamer called on the Minister for Petroleum and Natural Resources Amanullah Khan Jadoon here on Friday.... Low output pushes pulses’ price up ISLAMABAD, June 2: The output of pulses and oil seeds during the year 2005-06 remained lower than the last year, resulting in their short supply, which is expected to ultimately push up their retail prices in the coming months.... Recovery drive continues on stock market KARACHI, June 2: Share market on Friday maintained its upward drive for the second consecutive session as investors continued to build-up long positions at the current lower levels amid market talk... Steady trend on cotton market KARACHI, June 2: Cotton market on Friday maintained an optimistic future price outlook on the perception that pressure on ready supplies in the coming weeks could trigger panic buying by spinners.... Meeting to settle row on basmati rights ISLAMABAD, June 2: The ministry of commerce has convened a meeting on Monday to sort out differences between the Basmati Growers Association (BGA) and other stakeholders to pave way for early... Govt may remove RD on yellow peas export KARACHI, June 2: The government has agreed in principle to remove regulatory duty on export of yellow peas which normally imported for re-export after value addition.... Oil gains on fresh supply concerns LONDON, June 2: World oil prices rose more than a dollar on Friday after the kidnapping of eight Westerners working on an offshore oil rig in Nigeria and on tensions over Iran, analysts said.... On-line payment of rebate ISLAMABAD, June 2: The Central Board of Revenue (CBR) is likely to introduce on-line payment of duty drawback to exporters from the next fiscal year.... FTA with GCC by year-end ISLAMABAD, June 2: Pakistan and the Gulf Cooperation Council (GCC) will sign a Free Trade Agreement (FTA) by the end of this year to remove existing tariff and non-tariff barriers.... ZTBL raises credit rates for farm implements ISLAMABAD, June 2: The Zarai Taraqiati Bank Limited (ZTBL) has increased the maximum rates of credit fixed for agricultural equipments, attachments and implements in order to enable the farmers to purchase agricultural machinery.... Biggest stock group PARIS, June 2: The New York Stock Exchange has launched a $10 billion bid for pan-European stock market Euronext in a move that is set to redraw the landscape of European financial markets and isolate German operator Deutsche Boerse.... Meeting MADRID, June 2: Arcelor chief executive Guy Dolle said here on Friday that investors holding 29 per cent of the steelmaker’s shares were seeking a special general assembly to vote on a proposed tie-up with Russian steel group Severstal.—AFP... FPCCI urges relief in budget for common man KARACHI, June 2: FPCCI president Ch Muhammad Saeed has urged the government to broaden the tax base and also bring down tax rates to encourage capital formation in the country.... Asian makers capture 40pc US auto market NEW YORK, June 2: More Americans are buying Japanese and Korean made fuel- efficient cars as the petrol prices at the gas pumps rose to more than $3.50... Goldman Sachs chief NEW YORK, June 2: Wall Street investment bank Goldman Sachs on Friday said its board intends to elect Lloyd Blankfein as chairman and chief executive to replace Henry Paulson, who has been nominated to serve as US treasury secretary.... US job growth WASHINGTON, June 2: The US employers added only 75,000 new jobs in May, the Labour Department said on Friday in a report that signalled slower economic growth and led financial markets to slash bets on further interest-rate increases.... European stocks jump LONDON, June 2: European stocks rose on Friday, recovering part of recent losses as investors seized on news that the New York Stock Exchange Group was to acquire the pan-European stock market Euronext.... London gold rebounds LONDON, June 2: Gold had a rollercoaster ride on Friday, dipping overnight to a five-week low, bouncing back with a sharp drop in the dollar on weaker-than-expected jobs data and then eroding gains on profit-taking.... Port Qasim KARACHI, June 2: Two vessels carrying containers and yellow peas were accommodated berths at QICT and MPT during the last 24 hours, said a PQA press release on Friday.... Karachi Port operations KARACHI, June 2: Six ships carrying general cargo, containers and to load ethanol are expected to arrive at the outer anchorage on Saturday, according to KPT sources....

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