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January 25, 2002 Friday Ziqa’ad 10, 1422 Govt may revise tax collection target ISLAMABAD, Jan 24: The government is likely to revise downward the annual tax collection target from Rs429.7 billion for the current financial year, a senior official told Dawn.... Pakistan incurs Rs450bn loss per annum: Razak: Poor quality, wastage ISLAMABAD, Jan 24: Pakistan is suffering a colossal financial loss of Rs450 billion per annum due to poor quality of products and wastage of by-products.... Islamabad deserves credit for reforms: WTO reviews trade policy ISLAMABAD, Jan 24: “The comprehensive economic revival programme being pursued by the government is helping Pakistan in stabilizing and improving its economy and integrating it into the international trading system resulting... Export finance rate to fall 1pc in Feb KARACHI, Jan 24: Exporters may get export finance from banks at 8.5 per cent in February instead of 9.5 per cent — thanks to a huge cut in the treasury bills... Bulls domination continues on stock market KARACHI, Jan 24: The KSE 100-share index on Thursday consolidated itself above the coveted level of 1,500 points but late selling in the pivotals at the inflated levels worried investors amid... Export of kinnoo restarts KARACHI, Jan 24: The export of kinnoo to Far Eastern countries has restarted after a break of ten days and about 800 containers have been shipped so far to these destinations.... Members divided on naming WTO body chief GENEVA, Jan 24: Developed and developing country members of the World Trade Organization were divided Wednesday on who should head a key committee charged with overseeing multilateral trade talks, sources close... 3.5pc GDP growth likely this fiscal KARACHI, Jan 24: Pakistan could post GDP growth at 3.5 per cent for the current fiscal year 2001-02, on the back of an overall expected 2 to 2.5 per cent robust... SME Bank urged to simplify procedures PESHAWAR, Jan 24: Trade and business circles of Peshawar observed on Thursday that high lending rate in addition to tough collateral restrictions and procedural bottlenecks would hamper the small and medium... CBR to brief PAC on legal status of CPF ISLAMABAD, Jan 24: The Central Board of Revenue is to brief the Ad hoc Public Account Committee (PAC) on the legal status of common pool fund (CPF) later this month.... Recession renders US Mint short of cash THE US Mint, which hardly anybody would have accused of being cash short, says indeed that it’s been experiencing such an important reversal of fortune that it’s had to significantly reduce... NWFP receives Rs48bn investment in 1990s PESHAWAR, Jan 24: Manufacturing sector in NWFP underwent substantial expansion in the 1990s after the province received over Rs48bn investment in the last decade of the last century, according to official... Withdrawal of duty concession criticized KARACHI, Jan 24: Towel manufacturers have criticized the government for withdrawing duty concession on rapier looms and other allied machinery used to manufacture high quality towels to meet western markets standards.... Cotton market lacks lustre KARACHI, Jan 24: Physical business on the cotton market on Thursday was relatively slow as spinners took a technical breather to have apparently an overview of their stock position.... SPI falls ISLAMABAD, Jan 24: For the week ended January 17, 2002, Sensitive Price Indicator (SPI) for the lowest income group up to Rs3,000 registered a decrease of 0.04 per cent over previous... Asian markets end mixed TOKYO, Jan 24: Share prices were mixed on Asian stock markets on Thursday amid a lack of solid incentives despite a good rally by techs on Wall Street.... Dollar higher against yen TOKYO, Jan 24: The dollar pushed higher against the yen on Thursday with sentiment on Japan still bearish amid a dearth of fresh leads before a key speech by US Federal... Steep fall projected in US budget surpluses LOS ANGELES, Jan 24: Projected federal surpluses over the next decade have plunged 71 per cent from last year’s estimates and annual deficits are back for the next two years, says... Thailand rice exports BANGKOK, Jan 24: Top rice exporter Thailand is poised for another lucrative year in 2002, thanks partly to tighter rice supplies from other major Asian producers, traders and commerce ministry officials... Suspension extended KARACHI, Jan 24: The KSE Governing Board of Directors on Thursday extended the suspension period for trading in the shares of Dadabhoy Leasing Company for another 60 days with effect from...

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