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December 28, 2003 Sunday Ziqa’ad 4, 1424 Provinces may get 50pc share of taxes: Divisible pool KARACHI, Dec 27: All the four provinces are expected to get a 50 per cent share of the divisible pool of taxes which will be disbursed on the basis of multiple... Importers feel pinch of rising euro KARACHI, Dec 27: Pakistani importers importing goods from the eurozone are feeling the pinch of the rising euro and are looking towards new markets.... Cars sale boosts by 61pc in July-November KARACHI, Dec 27: Prospective buyers’ rush for the new cars remained a key factor in boosting of production and sales of cars by 55 and 61 per cent respectively in July-November... Pakistan to pre-pay $1bn loan in January KARACHI, Dec 27: Finance Minister Shaukat Aziz on Saturday said that Pakistan would pre-pay $1 billion to international credit agencies next month and raise $500 million through Euro bonds in the... PIA sees Rs4.2bn Profit in 2004 KARACHI, Dec 27: PIA expects to earn Rs4.2 billion profit in 2004, which also includes 10 per cent increase in its revenue with introduction of 12 new flights to India and... SPI shows 0.12pc decline ISLAMABAD, Dec 27: The Sensitive Price Indicator declined by 0.12 per cent during the week ending Dec 25, 2003, over the previous week mainly due to decrease in the average rates... Attock Oil to invest $170m next year ISLAMABAD, Dec 27: Director of Attock Oil Group of Companies of Saudi Arabia, Dr. Wael G. Pharoan, currently visiting Pakistan, called on Petroleum Minister, Ch. Nouraiz Shakoor here on Saturday and... CBR Proposes changes in SRO410 ISLAMABAD, Dec 27: The Central Board of Revenue (CBR) has proposed amendments for the consideration of the commerce ministry in the rules pertaining to the temporary importation scheme scheduled to expire... Software for calculation of salaried class IT ISLAMABAD, Dec 27: The Central Board of Revenue (CBR) has decided to make a software for calculation of income tax payable for the salaried class.... Lamy against budget freeze proposal PARIS, Dec 27: The European Union’s Trade Commissioner Pascal Lamy has criticized proposals by the bloc’s six richest members to freeze the EU community budget, saying it was not a good... Politics, business shape new WTC NEW YORK, Dec 27: Working to meet deadlines and demands by politicians and business leaders, architects and developers have fashioned a new World Trade Centre that will reclaim the New York... Quieter conditions on cotton market KARACHI, Dec 27: Cotton market finished the weekend session on a quieter note as spinners and mills remained conspicuous by their absence partly because of year-end considerations and partly to higher... Textile supremacy to be maintained FAISALABAD, Dec 27: The government would bridge the credibility gap between private associations and public institutions to maintain the supremacy of Pakistani textiles in post-quota international markets.... Equity Fund asked to include Karachi KARACHI, Dec 27: The Equity Participation Fund (EPF) has been urged to include city of Karachi on its funding scheme and should also enhance the limit which is presently restricted up... Fed still cautious about US economic revival WASHINGTON, Dec 27: Most of the signs of a solid US economic revival seem to be falling into place entering 2004, but Federal Reserve Governor Mark Olson warns it is too... Karachi Port operations KARACHI, Dec 27: Four ships carrying steel coils, containers and general cargo are expected to arrive at the outer anchorage on Sunday, according to KPT sources.... Marketing, storage plan for farm production ISLAMABAD, Dec 27: A short-term marketing infrastructure plan is being prepared to solve marketing and storage problems of the agriculture production.... Five years after launch, euro is victim of success FRANKFURT, Dec 27: The euro, launched five years ago in January, confounded naysayers by becoming a worthy rival to the dollar but today finds its sheer strength threatens to nip the... Vietnam cuts import tariffs on oil items HANOI, Dec 27: Vietnam has cut the import duty on oil products to five per cent from 10 per cent as it prepares to liberalize the fuel market, state media said... Japan’s deflation shows signs of easing TOKYO, Dec 27: Japan’s key price data on Friday showed signs of easing deflation this year, but this was prompted mainly by rising medical costs in unwelcome news for struggling households....

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