| 12 September 2004 | Sunday | 26 Rajab 1425 |
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Task force to submit report next week: Rotation of auditors
KARACHI, Sept 11: The country's auditing and accountancy firms are anxiously waiting to see if the regulation of 'rotation of auditors' would remain in place or be waived. For some of the largest auditing firms, that means a big impact on their bill books. ... 
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Pakistan to take up new GSP scheme with EC
ISLAMABAD, Sept 11: Pakistan will start a formal consultation on Monday with the European Commission regarding the new Generalized System of Preferences (GSP) scheme to seek maximum benefit under the scheme to increase its exports to European Union member countries. ...
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1.5m taxpayers may file returns this year
KARACHI, Sept 11: The Central Board of Revenue (CBR) expects to receive around 1.5 million tax returns this year from 2.2 million registered taxpayers holding National Tax Number (NTN). Last year the board received 1.2 million returns from 1.8 million registered taxpayers. ...
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EPB plans to set up centre for SMEs
KARACHI, Sept 11: Export Promotion Bureau Chairman Tariq Ikram on Saturday said that an SME centre would be set up at the bureau to facilitate, educate and provide necessary information to small and medium enterprises. ...
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Deposit insurance and fiscal space
KARACHI, Sept 11: The banking sector reforms initiated in 1997 have created a healthier primarily private-owned system but have exposed the bank deposits to risks with no insurance cover. ...
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Minister to meet car assemblers on 17th
LAHORE, Sept 11: Industries and Production Minister Jehangir Khan Tareen will meet local car assemblers in Islamabad on September 17 to discuss with them the issue of production and premium. ...
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Pakistan's trade surplus with US contracts
ISLAMABAD, Sept 11: Pakistan's imports from the United States rose by 80.5 per cent to $1,326.931 million during the year 2003-04 against $735.018 million a year earlier. ...
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Govt to help revive weaving sector
FAISALABAD, Sept 11: Federal Minister for Textile Industry Ch. Mushtaq Ali Cheema has said that the government will extend every possible help to the private sector for the revival of the weaving sector. ...
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Committees on duty drawback constituted
ISLAMABAD, Sept 11: The Central Board of Revenue (CBR) has constituted 20 committees across the country to settle the issues of pending refund claims of genuine exporters, announced through a sales tax general order (STGO) issued on Saturday. ...
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Ministry to boost cotton output: PM
ISLAMABAD, Sept 11: Prime Minister Shaukat Aziz has said that the creation of new ministry of textile industry is an initiative of the government to gear up the textile sector and facilitate enhanced production of good quality cotton. ...
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100,000 tons of urea to be imported
LAHORE, Sept 11: Pakistan will import 100,000 tons of urea fertilizer immediately to help avert shortage of this agro-chemical during the upcoming wheat sowing season. ...
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Transfers and postings
ISLAMABAD, Sept 11: The Central Board of Revenue has transferred and posted 20 commissioners of income tax (CITs). ...
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Badla rates fall
KARACHI, Sept 11: Carryover rates on the Karachi Stock Exchange last week fell further by 70 basis points at 7.3 per cent from the previous eight per cent owing to fresh decline in the share values followed by squaring of positions by the weakholders. ...
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Cotton market displays erratic price movement
KARACHI, Sept 11: Cotton prices on Saturday showed highly erratic movements as ginners could not precisely decide how to behave in a trend-less market guided essentially by supply and demand factors. ...
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