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October 4, 2002 Friday Rajab 26, 1423 Revenue collection surpasses target: July-Sept ISLAMABAD, Oct 3: The Central Board of Revenue (CBR) has surpassed the revenue collection target of Rs90 billion for the first quarter of 2002-2003.... Stock brokers duo to set up exchange co KARACHI, Oct 3: Two more money changers and a duo of leading stock brokers have got clearance from the State Bank to set up foreign exchange companies. The money changers are:... CGO upsets textile industry BMR KARACHI, Oct 3: The contradictory notifications issued by the Central Board of Revenue (CBR) are creating hurdles in the way of imports of capital goods such as plant and machinery. This... Drug prices may be revised KARACHI, Oct 3: The government will shortly issue a notification/SRO to permit the pharma industry to increase or decrease prices with a cap on maximum retail price (MRP).... SEL to acquire Chinese technology: Truck assembly KARACHI, Oct 3: Chinese trucks are set to replace the popular Japanese brand Mazda T-3500 trucks on the roads in Karachi and other parts of the country from next year as... Shell to seek increase in commissions KARACHI, Oct 3: Shell Pakistan will press for an increase in government commissions on petroleum products to 4 per cent from the current 3.5 per cent because the rise is vital... Retailers registration ISLAMABAD, Oct 3: The Central Board of Revenue (CBR) has sought help from all trade associations, chambers of commerce and industries in registering all retailers who are required to pay sales... D.G.Khan Cement: CORPORATE PROFILE KARACHI, Oct 3: Results released by the company on September 26 showed an incredible recovery to an after tax profit of Rs279.9 million for financial year 2002, from a huge loss... Indian war threat stirs hasty selling on stock market KARACHI, Oct 3: Stocks on Thursday remained under pressure as war threat from India and an imminent US attack on Iraq after the congressional approval triggered hasty selling from leading investors.... Pakistan offers great potential in IT AL-KHOBAR, Oct 3: A number of Saudi business houses have expressed their desire to tie up with their Pakistani business counterparts, it was announced here during a seminar organized by the... Ginners indulge in hasty selling KARACHI, Oct 3: Cotton prices on Thursday tended further lower as ginners again indulged in hasty selling followed by reports of steady arrivals of phutti into the ginneries and fears of... Karachi Port operations KARACHI, Oct 3: Four ships including Umberto Damato carrying 51,100 tons of rapeseed are expected to arrive at the outer anchorage on Friday.... Conversion cost to go up: ST on CNG kits KARACHI, Oct 3: The imposition of 15 per cent sales tax on CNG kits and 10 per cent import duty on cylinders from November 1, 2002 will burden the consumers to... Royalty payment KARACHI, Oct 3: The State Bank has allowed outward remittance of royalty/franchise and technical fee or service charges also in the financial sector.... TFC ratings KARACHI, Oct 3: JCR-VIS Credit Rating Company has assigned the preliminary rating of single A to the proposed TFC-2 of Rs400 million of Gulistan Textile Mills. This will be converted into... Commodity markets MULTAN, Oct 3: The following are Thursday’s upcountry commodity market rates in rupees:...

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