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September 12, 2002 Thursday Rajab 4, 1423 Income tax relief for salaried class ISLAMABAD, Sept 11: The Central Board of Revenue(CBR) has amended the income tax rules 2002 extending some relief to the salaried class.... July-Aug textile exports rise by 20pc ISLAMABAD, Sept 11: Exports of textile manufactures leaped 20.64 per cent during July-August 2002, as compared to corresponding period of previous year.... EFS: no fine for delayed shipment KARACHI, Sept 11: The State Bank of Pakistan has decided that no fine for delayed shipment will be imposed on the exporters if qualified shipment(s) is made within 201 days from... Property prices in posh areas up by 30pc KARACHI, Sept 11: The September 11 catastrophe in New York last year has played havoc with property prices particularly in almost all the phases of Defence Housing Authority (DHA), resulting in... EU mulls increased strategic oil stock BRUSSELS, Sept 11: The European Commission adopted on Wednesday two directives designed to provide a coordinated response in case of speculative attacks on oil and gas markets, in part through increased... Stock market resists further decline in prices KARACHI, Sept 11: Leading shares on Wednesday came in for stray short-covering at the lower levels and ended partially recovered but the near-term outlook appears to be a bit uncertain. The... Economic activity slow: Fed WASHINGTON, Sept 11: The US economy slowed in recent weeks, although activity was mixed by sector, the Federal Reserve said on Wednesday in a report showing a patchy economic recovery.... FDI grows by 74pc in July ISLAMABAD, Sept 11: Foreign Direct Investment (FDI) was $42.4 million in July 2002 compared to $24.4 million of the corresponding of last year.... GST refund Drug makers asked to submit details KARACHI, Sept 11: The Central Board of Revenue has urged the drug manufacturers not to file the GST refund claims directly to any collector.... Carpet exporters meet Razak ISLAMABAD, Sept 11: Commerce Minister Abdul Razak Dawood has said that a long-term strategy is being evolved to bring substantial growth in the export of hand-knotted carpets.... IEA holds growth forecasts steady: Global oil demand PARIS, Sept 11: The International Energy Agency on Wednesday held its 2002 and 2003 global oil demand growth forecasts steady, but noted that continued high oil prices could curb future demand... Prices maintain upward drive on cotton market KARACHI, Sept 11: Cotton market on Wednesday maintained its upward drive as spinners were not inclined to take even a technical breather amid fears of further increase in prices.... China to invest in textile sector KARACHI, Sept 11: Leader of 12-member Chinese textile delegation Cao Xinyu said on Tuesday that Chinese companies are willing to form strategic linkage with their Pakistani counterparts in textile sector.... PARC to get Rs445m ISLAMABAD, Sept 11: Pakistan Agricultural Research Council will get Rs445m during 2002-03, about 23 per cent more than its allocation for the previous year.... UK sells wheat to US LONDON, Sept 11: Britain sold wheat to the drought-hit United States in September, for what is believed to be the first time, as US wheat prices roared to five-year highs.... PQA draught KARACHI, Sept 11: Port Qasim Authority is going to increase draught for ships calling at the port to 11.5 metres from Sept 15, 2002. Earlier draught at the port had been... Dollar firms in subdued trade LONDON, Sept 11: The dollar firmed in subdued late trade on Wednesday as market concern over the possibility of fresh terrorist acts on the anniversary of September 11 attacks began to... European stock markets gain LONDON, Sept 11: European stock markets pushed higher on Wednesday despite the threat of fresh terrorist attacks on the first anniversary of the September 11 atrocities, though activity was muted as... Oil price rises on falling crude stocks LONDON, Sept 11: The price of oil rose slightly on Wednesday in response to figures showing an unexpected fall in US crude oil stock levels, though trading volumes were low because... Malaysian palm oil rebounds KUALA LUMPUR, Sept 11: Malaysian palm oil futures rebounds on Wednesday due to short covering but off the day’s highs as the volatile market waited for the official crop data for...

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