9 April 2005	Saturday	29 Safar 1426

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New audit policy for sales tax finalized ISLAMABAD, April 8: The Central Board of Revenue has finalized a national audit policy for sales tax to minimize the chances of tax evasion. Officials told Dawn on Friday that the...		Exporters reject new EU offer: Bedlinen quota KARACHI, April 8: Exporters of bedlinen have appealed to the government to immediately take up the issue of 13.1 per cent anti-dumping duty imposed by the European Union with the WTO...
SECP, brokers disagree on word ‘netting’ KARACHI, April 8: A meeting of members of the Karachi Stock Exchange was called by Chairman Yasin Lakhani on Friday to discuss the latest notice issued by the Securities and Exchange...		Fresh selling deprives index of 191 points KARACHI, April 8: Stocks on Friday turned in a highly volatile performance as investors played on both sides of the fence indulging alternate bouts of buying and selling. The KSE index...
Prices rule firm on cotton market KARACHI, April 8: Cotton prices on Friday remained stable around the previous levels as ginners held on to their positions despite the absence of strong mill buying. Mills...		EPB asked to boost exports ISLAMABAD, April 8: Prime Minister Shaukat Aziz has asked for the early restructuring of the Export Promotion Bureau to make it more vibrant and proactive organization. The prime minister was talking...
295 firms registered in March ISLAMABAD, April 8: The Securities and Exchange Commission of Pakistan (SECP) registered 295 companies during March 2005 as compared to 207 during the same month last year, showing an increase of...		Launching ISLAMABAD, April 8: The Sagem group, a leading French mobile phone manufacturer, on Friday launched two models of their cell phones in Pakistan namely myX1-twin and myX-2 by entering into a...
‘Easier credit a boon to US economy’ WASHINGTON, April 8: Federal Reserve Chairman Alan Greenspan said on Friday the success of financial services’ industries in expanding credit availability has significantly helped the US economy. “Home ownership is at...		Oil falls below $54 on easing supply fears LONDON, April 8: World oil prices fell on Friday for the fourth successive day, slipping below $54 a barrel on easing supply concerns, after soaring to record highs earlier in the...
Gold slips in Europe LONDON, April 8: Gold prices eased in Europe on Friday as the dollar rallied towards a two-month peak against the euro, dealers said. Spot gold had dipped to $425.10/425.90 an ounce...		China wants increased trade with BD DHAKA, April 8: Chinese Prime Minister Wen Jiabao announced here on Friday that his government would give subsidy to their businessmen to increase import of Bangladeshi goods under a package of...
Indian exports surge to $80bn NEW DELHI, April 8: India’s exports surged 24 per cent to a record $80 billion for the year ended March, but a soaring oil import bill meant the country still ran...		Free trade PATTAYA: The US and Thailand wrapped up their third round of free trade talks on Friday with the US confident a bilateral pact would boost the kingdom’s GDP and help alleviate...
R&D hub WASHINGTON, April 8: US communications giant Motorola Inc on Friday launched an applied research laboratory in India’s high-tech hub Bangalore, as part of a plan to make the growing Asian nation...		4,400 jobs created in Canada OTTAWA, April 8: Canada’s economy created only 4,400 jobs in March, a worse than expected performance which analysts said made it unlikely that the Bank of Canada would raise interest rates...
Pakistan among largest recipients: Remittances WASHINGTON, April 8: Migrant workers send home about $100 billion in cash a year, the single largest source of foreign exchange in many of the world’s poorest countries, the International Monetary...		Palm oil ends lower KUALA LUMPUR, April 8: Malaysian crude palm oil futures fell half a per cent on Friday, weighed down by losses in rival U.S. soyoil, but trading was light ahead of the...
Karachi Port operations KARACHI, April 8: Six ships carrying containers and to load naphtha and molasses are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing...		Port Qasim KARACHI, April 8: Three ships carrying containers and wheat arrived at the outer anchorage during the last 24 hours, said a PQA press release on Friday. Meanwhile, a container ship was...