06 March 2005	Sunday	24 Muharram 1426

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Tax base enhancement exercise under way: Secondary data ISLAMABAD, March 5: The government has decided to conduct a tax base enhancement exercise through secondary data collected from various sources to bring the potential taxpayers in the tax net. ...		Japan reviving official trade ties next week KARACHI, March 5: Japan is reviving its official economic ties with Pakistan as a 30-member delegation --officials and businessmen--visits Karachi and Islamabad from Monday and meet President ...
State-run entities show mixed results KARACHI, March 5: Five major state-run entities showed mixed results during the second quarter of this fiscal year i.e. October-December 2004, according to financial statements posted on the Ministry of Finance's website. ...		30 WTO states to prepare draft deal by June ISLAMABAD, March 5: Thirty trade ministers from leading WTO-member countries have formally agreed to work out a rough sketch or first approximation of the eventual agreement latest by July 2005 ...
WB loan for tax reforms ISLAMABAD, March 5: Islamabad and the World Bank will formally sign the agreement of the approved loan to support the Pakistan's Tax Administration Reform Project (TARP) to be implemented in five years period. ...		US agrees to extend GSP list to 50 ISLAMABAD, March 5: The United States has agreed to give concessions in import duty on around 50 more Pakistani products under the generalised system of preference (GSP). ...
Refineries earnings improve KARACHI, March 5: The Refining sector posted improved earnings for the first half of financial year 2005. That was due to burgeoning international crude oil prices and growing demand for the oil-based products in the country, ...		Regular supply of utilities sought KARACHI, March 5: A delegation of the Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) on Friday met Textile Minister Mushtaq Cheema and apprised him of the problems confronting the value-added textile industry. ...
Hafeez Shaikh leaves for Jordan KARACHI, March 5: Privatization and Investment Minister Dr Abdul Hafeez Shaikh on Saturday left for Jordan to represent Pakistan in a two-day conference being convened in Amman on March 6-7 ...		Customs to review tariff lines ISLAMABAD, March 5: The customs authorities have constituted a committee to review the sub-classification of different customs tariff lines to make it compatible with those of developed countries ...
Era of cheap oil prices is over RIYADH, March 5: High oil prices are here to stay. The current bull-run in the market is apparently in for a longer term. Reality of higher oil prices is dawning upon the global crude markets as the market fundamentals have changed drastically. ...		Cotton market lacks lustre KARACHI, March 5: Trading on the cotton market on Saturday remained slow as both ginners and spinners were analyzing the likely impact of below expectations arrival figures of phutti rather than making fresh commitments. ...