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October 1, 2003 Wednesday Sha’aban 4, 1424 Footwear industry seeks protection: Cheap imports, smuggling ISLAMABAD, Sept 30: The indigenous footwear industry may face a serious challenge to its viability in the coming years unless it tries to meet the competition from abroad by raising the... Plan to add 0.3m more taxpayers this year ISLAMABAD, Sept 30: The government has declared the current financial year as the year for broadening of income tax base by registering more potential taxpayers with the tax department.... Govt-cement makers talks end in failure ISLAMABAD, Sept 30: The talks between the government and the cement manufacturers on price reduction have ended in failure and the government is considering reviving the state-owned Mustehkum Cement for price... Balochistan products export to Kabul sought QUETTA, Sept 30: The FPCCI has demanded of the government to include products manufacturing in Balochistan for export to Afghanistan to encourage industries in the province.... Rs1.1bn withdrawn from NSS in July KARACHI, Sept 30: People made net withdrawal of Rs1.1 billion from national saving schemes in July this year. Top bankers say they were anticipating this. Some of them say this trend... Petroleum product prices slashed KARACHI, Sept 30: The Oil Companies Advisory Committee (OCAC) on Tuesday curtailed prices of all petroleum products by 55-65 paisa per litre. The new prices will be effective from October 1-15.... Kassam Teli new KCCI president KARACHI, Sept 30: Siraj Kassam Teli has been elected president of the Karachi Chamber of Commerce and Industry. Mohammad Saeed Shafiq and Hamid Nisar have been elected vice-president and senior vice-president,... Textile fair opens today KARACHI, Sept 30: Garments and textile exhibition — InStyle Pakistan 2003 — will be inaugurated by Minister of State and chairman Export Promotion Bureau (EPB) Tariq Ikram at Karachi Expo Centre... Filing of IT returns remains sluggish LAHORE, Sept 30: The filing of income tax returns under the Universal Self-Assessment Scheme remained much sluggish till late evening on Tuesday — last day for filing the returns.... Export finance rate unchanged KARACHI, Sept 30: Banks will continue to offer export finance to eligible exporters at a markup of 3 per cent in October as the State Bank has left unchanged its export... Stocks recover 40 points on institutional buying KARACHI, Sept 30: Stocks on Tuesday resisted fresh decline as institutional traders covered positions on selected counters at the lower levels but the underlying sentiment remained mixed owing to the absence... New MD of Aero Asia KARACHI, Sept 30: Aero Asia intends to upgrade and increase its flights on both domestic and international routes for which the airline has decided to acquire a modern fleet.... Pakistan’s GDP to grow at 5.1pc: Asian Bank MANILA, Sept 30: South Asian countries seem poised to enjoy renewed growth in 2003 and 2004 as weather conditions normalize and their political situations stabilize, the Asian Development Bank said Tuesday.... Brisk trading on cotton market KARACHI, Sept 30: Cotton market on Tuesday maintained firm outlook as spinners and mills remained active buyers at the prevailing prices. Trading was fairly active for the second session in a... Pakistan has lower tariffs in South Asia LAHORE, Sept 30: Pakistan has relatively lower tariffs as compared to its neighbouring countries in the South Asian region, says a World Bank official.... SSGC declares 18pc cash dividend KARACHI, Sept 30: Sui Southern Gas Company (SSGC) on Tuesday declared a cash dividend of 18 per cent (Rs1.8 per share) for the financial year ended June 30, 2003.... Rs92.5bn collected in July-Sept ISLAMABAD, Sept 30: The tax authorities have claimed to have collected Rs92.5 billion during the first quarter (July-Sept) of 2003-04 against Rs90.35 billion collected during the same period in 2002-03, showing... Karachi Port operations KARACHI, Sept 30: Four ships carrying containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Theory of best practices KARACHI, Sept 30: Second annual Best Practices Day (BPD) was organized on Tuesday at which papers were read out by business leaders to share with the participants their respective best practices... HCCI president HYDERABAD, Sept 30: Mr. Emad Siddiqui was unanimously elected president of the Hyderabad Chamber of Commerce and Industry for the year 2003-04 at the first meeting of the newly elected Executive...

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