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February 12, 2003 Wednesday Zul Hijjah 10, 1423 Education centres for taxpayers in offing ISLAMABAD, Feb 11: The Central Board of Revenue (CBR) will set up six taxpayers education and facilitation centres across the country to facilitate taxpayers as part of the restructuring of the... Pilot project for goods clearance in 24 hours ISLAMABAD, Feb 11: The government has decided to introduce a pilot project for clearance of goods in 24 hours on risk assessment basis at Karachi Internal Container Terminal (KICT) as part... Action against DCITs recommended ISLAMABAD, Feb 11: The inquiry committee has recommended to Central Board of Revenue (CBR) to take necessary action against two deputy commissioners of income tax (DCITs) for showing gross negligence in... SECP asked to make laws on disclosure: Charity fund KARACHI, Feb 11: A proposal has been given to Securities and Exchange Commission of Pakistan (SECP) to make legislation binding the corporate sector to disclose the utilization of the charity fund.... Dollar up against euro, yen LONDON, Feb 11: The dollar pushed up against other leading currencies on Tuesday as the market continued to mull the prospects for a war in Iraq after diplomatic efforts to buy... Government to replace income tax circles ISLAMABAD, Feb 11: The government is planning to replace the existing 757 income tax circles with functional organization of income tax by the year 2004-05 as a part of the re-structuring... Microsoft faces new lawsuit in Europe BRUSSELS, Feb 11: After largely overcoming its legal travails at home, US software giant Microsoft faced new action in Europe on Tuesday from rivals who accused it of being an “unrepentant... SECP chief resigns ISLAMABAD, Feb 11: Mr Khalid A. Mirza has decided to step down as Chairman, Securities and Exchange Commission of Pakistan, after completion of his first three-year term, according to a reliable... Oil prices steady LONDON, Feb 11: Oil prices held steady on Tuesday as the market continued to weigh the prospects for war in Iraq ahead of a closely watched weekly report on US oil... BoE inflation report may explain shock rate cut LONDON, Feb 11: The Bank of England’s quarterly inflation report, due out on Wednesday, is one of the most keenly awaited in many years and will be studied closely for clues... Europe share in global wealth PARIS, Feb 11: Will Europe continue to forge ahead over the next half-century becoming a major superpower, or will it fall seriously behind the United States and Asia? It’s a question... BP to invest in Russian oil industry LONDON, Feb 11: British group BP announced on Tuesday a major expansion into the burgeoning Russian oil industry, signalling renewed confidence in the country’s complex business world with a multi-billion-dollar investment.... India software exports up MUMBAI, Feb 11: India’s software and services exports rose 28 per cent to 340 billion rupees ($6.9bn) in the nine months to December 2002 from the same period a year earlier,... Gas cooperation ASHKHABAD, Feb 11: Turkmen President Saparmurat Niyazov and the chief of Russia’s gas giant Gazprom held talks here on a long-term gas cooperation accord, Turkmen media reported on Tuesday.... Asian stock markets mixed on Iraq HONG KONG, Feb 11: Asian stock markets were mixed on Tuesday as investors in the region took leads from a possible war in Iraq, local developments and gains on Wall Street.... ECB set to lower growth forecast FRANKFURT, Feb 11: The European Central Bank is set to cut its forecast for euro-zone growth again amid sagging business confidence, fears of a possible war in Iraq, a soaring euro... Bumper rapeseed crop likely SANGHAR, Feb 11: The Sanghar district is likely to have bumper rapeseed crop this season. The harvest of the crop will begin from mid February to the end of March 2003.... Palm oil prices remain unchanged KUALA LUMPUR, Feb 11: Malaysia’s palm oil futures closed unchanged on Tuesday after a choppy trading, which saw renewed speculative buying lifting prices from early lows, traders said.... Singapore to cut foreign worker ratio SINGAPORE, Feb 11: Singapore said on Tuesday it would tighten rules on work permits for foreign construction workers as the wealthy island state confronts its worst unemployment rate in nearly 15... No plans yet to ease EU budgets in case of war BERLIN, Feb 11: The German Finance Ministry said on Tuesday there were no plans yet at European level to relax budgets in case of a war with Iraq but implicitly confirmed...

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