02 January 2005	Sunday	20 Ziqa'ad 1425

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Tax reforms to continue, says Aziz ISLAMABAD, Jan 1: Prime Minister Shaukat Aziz said on Saturday that government would provide all necessary resources for the continuation of tax administration reforms. The premier stated this in a meeting with the chairman, CBR, M Abdullah Yousuf ...		Five industries under pressure for compliance: Environmental issues KARACHI, Jan 1: The Asian Development Bank has identified five key Pakistani industries where, potentially, increasing pressure for implementation of social and environmental standards by the foreign buyers could have adverse impact on export business. ...
EPB indecision leads to chaos: Textile exports deadline KARACHI, Jan 1: A large number of export consignments of textile goods could not meet the deadline of December 31, 2004 ...		Court ruling prevents US limits on Chinese exports WASHINGTON, Jan 1: A special US trade court has frozen efforts to limit Chinese textile imports as import quotas under global trade rules expired. ...
Rains termed 'blessing' for wheat crop LAHORE, Jan 1: Widespread rains in Punjab and Sindh for two days at the end of 2004 have given a badly needed boost to the wheat crop and given it either first irrigation or provided soaking irrigation in fields where farmers had failed to cultivate the crop because of acute shortage of water. ...		Ghee, poultry, sugar prices surge KARACHI, Jan 1: Except for increase in poultry, loose ghee and sugar prices, the burden on consumers in the last one month declined to some extent because of smooth supplies from the production areas, thin demand and frequent imports. ...
Carryover rates hit year's peak of 18pc KARACHI, Jan 1: Carryover rates on the Karachi Stock Exchange during the last week soared to a year's peak level of 18 per cent before easing slightly at the fag-end of the week as inflow of funds from the money market showed a modest increase. ...		25-member panel on tax disputes notified ISLAMABAD, Jan 1: The Central Board of Revenue (CBR) has notified 25 members panel of the Alternate Dispute Resolution Committee (ADRC) for resolving the sales tax disputes. ...
Same status for indirect exporters sought KARACHI, Jan 1: The Central Board of Revenue (CBR) has been asked to give indirect exporters a status equal to direct exporters who are allowed to deduct withholding tax at source. ...		Cotton market rules firm KARACHI, Jan 1: Cotton market opened the new year account on a firm note but physical business remained at low ebb as spinners were not inclined to make fresh commitments at the higher asking prices. ...