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August 20, 2003 Wednesday Jumadi-us-Sani 21, 1424 Domestic gas subsidy to go in three years LAHORE, Aug 19: The subsidy being enjoyed by domestic consumers of natural gas will be withdrawn in next three years to bring their tariff at par with the industrial and commercial... Coordination dept in Sindh being set up: NFC and Thal Canal issues KARACHI, Aug 19: The Sindh government is creating a new department of inter-provincial coordination to liaise with the federal government and to remain in touch with three other provinces on issues... Pakistan, Indonesia agree to PTA talks ISLAMABAD, Aug 19: Pakistan and Indonesia on Tuesday agreed to negotiate a preferential trade agreement (PTA) on selected products and commodities based on mutual benefits.... Over-invoicing of exports on the rise KARACHI, Aug 19: Commercial importers have joined hands with exporters for mutual benefit: they provide copies of import invoices to exporters enabling them to show that they have used imported items... Industrial output BRUSSELS, Aug 19: The eurozone industrial sector remained in a sluggish mood in June, with production edging lower for the second straight month, the EU statistics office Eurostat said on Tuesday.... Shell, Hubco lead gains on stock market KARACHI, Aug 19: Stocks on Tuesday rose further across a broad front on strong follow-up support both from the local institutional traders and the foreign funds aided largely by higher final... Karachi Hotel project bidding ISLAMABAD, Aug 19: The bidding schedule for the disposal of assets of Karachi Hotel Project formerly allotted to Hyatt Regency Hotel Project on ‘as is where is‘ basis is formally announced... Shell profit up by 18pc KARACHI, Aug 19: Shell Pakistan Limited posted after-tax profit at Rs1.3 billion for the year ended June 30, 2003, which represented growth of 18 per cent over taxed profit amounting to... Gold prices steady amid fund buying LONDON, Aug 19: Gold prices were firmer in Europe on Tuesday, buoyed by fund buying with the market partly shrugging off a weak euro, which makes the dollar-denominated asset more expensive... ST centres to receive refund claims KARACHI, Aug 19: The Central Board of Revenue (CBR) is setting up Sales Tax Service Centres at different trade bodies offices to facilitate exporters in filing of their refund claims.... Oil prices fall despite Baghdad bomb blast LONDON, Aug 19: IPE Brent crude oil futures tested lower in technical trade on Tuesday as the market shrugged off a deadly truck bomb that tore through a UN headquarters in... Shell, Unocal sign gas deal with China HONG KONG, Aug 19: Western oil firms Royal Dutch/Shell and Unocal Corp signed a multi-billion-dollar deal on Tuesday with China to tap offshore gas fields for clean fuel to feed the... Trading picks up on cotton market KARACHI, Aug 19: Trading activity on the cotton market is picking up each session in line with the steady arrivals of phutti into the ginneries and a progressive increase in the... Minus signs cloud US economic recovery WASHINGTON, Aug 19: Fear is creeping into the celebrations over an upswing in the US economy.... Karachi Port operations KARACHI, Aug 19: Eight ships carrying fertilizer, containers and oils are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Land disputes KARACHI, Aug 19: The KCCI president Mian Nasser Maggo in a communication to the Sindh Governor has called for expediting the settlement of land disputes and regularization of frozen lands by... Taxpayers’ education ISLAMABAD, Aug 19: The Central Board of Revenue (CBR) has started a drive for the education and facilitation of taxpayers as a part of restructuring of tax administration.... Smart card launched KARACHI, Aug 19: Muslim Commercial Bank on Tuesday launched Smart- Card, a multifunction debit card that gives customers 24 hours direct access to bank account with the MCB.... Port Qasim KARACHI, Aug 19: Two ships scheduled to load/offload containers and edible oil were allotted berths at QICT and Multipurpose Terminal during the last 24 hours, said a PQA press release on... Promoted KARACHI, Aug 19: The Central Board of Revenue (CBR) has promoted three assistant commissioners of Income Tax (BS-17) to the post of deputy commissioner of income tax (BS-18)....

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