15 September 2004 Wednesday 29 Rajab 1425 Flour millers warned of open tendering: Subsidized wheat KARACHI, Sept 14: Sindh Food Department has warned Karachi-based flour millers that if they fail to bring down the ex-mill price of wheat flour to Rs12.50 per kg, it may call open tenders for releasing subsidized wheat. ... OIC asked to simplify custom procedures ISLAMABAD, Sept 14: Commerce Minister Humayun Akhtar Khan has said the OIC member states need to adopt an integrated approach for simplification of their custom procedures and modernization of related legislation. ... Economy sails through 2003-04 ISLAMABAD, Sept 14: Pakistan's economy generally displayed positive trends -barring agriculture - during the last fiscal (2003-04) achieving a 6.4 per cent GDP growth led by a sharp pickup of manufacturing and construction sector. ... Elaborate arrangements for return filers KARACHI, Sept 14: An elaborated arrangement has been made by the local tax authorities for receiving returns for the tax year 2004, setting up tax facilitation and collection counters for each of the five tax zones of Karachi. ... Govt to promote public-private partnership: Investment in infrastructure ISLAMABAD, Sept 14: Privatization and Investment Minister Dr Abdul Hafeez Shaikh has said the government will soon launch a new initiative to promote public-private partnership for generating investment in infrastructure in the country. ... Urea import ISLAMABAD, Sept 14: Industries and Production Minister Jehangir Tareen has set up a committee to lay down procedure for import of 0.1m tons of urea by Trading Corporation of Pakistan. ... Sugarcane crushing from Oct 1 KARACHI, Sept 14: In view of the unprecedented water shortage in Sindh, the provincial government, the Abadgar (growers) Board and the Chamber of Agriculture have agreed to an early date for starting crushing so as to save water for Rabi season. ... KSE 100 index reshaped KARACHI, Sept 14: The management of the Karachi Stock Exchange carried out the re-composition exercise of the KSE-100 index, which would go into effect from October 1, 2004. ... Pakistan, Poland discuss trade ISLAMABAD, Sept 14: Pakistan and Poland are keen to promote trade and economic relations for mutual benefits of each other as both the countries have tremendous potential for expansion in trade and commerce. ... UK trade missions due next week KARACHI, Sept 14: Britain's Deputy High Commissioner Hamish Daniel has informed industrialists that two trade missions will visit Pakistan by next week. He advised the industrialists to get appointment with them in order to increase bilateral trade between Pakistan and the UK. ... Lint prices firm as demand picks up KARACHI, Sept 14: Cotton market on Tuesday resisted fresh decline as prices were firmly held at the overnight levels amid an actively traded session. ... CVT issue continues to take its toll on stock market KARACHI, Sept 14: The KSE 100-share index broke the barrier of 5,100 as leading base shares remained under pressure ...

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