November 22, 2005	Tuesday	Shawwal 19, 1426

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Donors for improving recovery of farm tax KARACHI, Nov 21: The issue of improving the recovery of agricultural income tax has again come into sharp focus of international donors and national institutions, as the government gears up to...		Efforts on to raise tax-to-GDP ratio KARACHI, Nov 21: Central Board of Revenue chairman Abdullah Yusuf has said that a quantum jump in tax-to-GDP ratio has to be achieved if the country wants to meet its development...
No major impact on hotel business: Quake, blast KARACHI, Nov 21: Local and foreign tourists are avoiding trips to northern areas since the Oct 8 quake, but hotel owners however are doing good business owing to arrival of officials and workers of aid and rehabilitation organizations....		Industrial production falls sharply KARACHI, Nov 21: Production in various segments of large-scale industrial sector except for pharmaceuticals and leather fell sharply in the first two months of the current fiscal year giving clear signals...
ADB for efficient audit system ISLAMABAD, Nov 21: The Asian Development Bank (ADB) has urged the government to provide an efficient self-assessment system based on a well-structured audit procedure that reduces burden on taxpayers....		SBP injects Rs22bn in money market KARACHI, Nov 21: The State Bank on Monday injected Rs22.3 billion into the liquidity-starved money market where rates stayed at the highest level. The liquidity position showed that the money market...
Dumping duties imposed on Chinese firms ISLAMABAD, Nov 21: The government on Monday imposed definitive anti-dumping duties on import of Urea Formaldehyde Moulding Compound (UFMC) into Pakistan originating in and or exported from China....		Stocks trim gains after hitting 9,000-point level KARACHI, Nov 21: Stocks On Monday came in for renewed support aided by more than targeted aid pledges of $5.8 billion by the foreign countries at the Islamabad donor conference and rose further under the lead of bank and textile shares....
Apec failsto develop consensus on farm issues ISLAMABAD, Nov 21: The Asia Pacific Economic Cooperation (Apec) could not get the stalled WTO negotiations move forward as most of the member countries were reluctant to agree to genuine reduction in all forms of trade distorting measures....		Textile team in Dhaka to explore joint ventures KARACHI, Nov 21: The Bangladesh minister for jute and textile assured the visiting Pakistani textile delegation of resolving their problems regarding the delay in payments and higher freight charges....
India hopes to export cotton to China AHMEDABAD, Nov 21: Made-in-China apparel sold in some of the biggest retail chains in the US, in the summer of 2007, may have their thread running to Gujarat....		Lint prices maintain bullish outlook KARACHI, Nov 21: Trading on the cotton market on Monday resumed on a firm note as ginners held on to their positions anticipating further increase in prices “It appears to be...
Karachi Port operations KARACHI, Nov 21: Five ships carrying vehicles and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources. The cargo handling activity at the wharves was brisk where a new all-time high record volume of 0.201m...		South Asian management forum on Dec 9-10 KARACHI, Nov 21: Improvement in the existing corporate culture of Saarc countries would be one of the issues to be discussed at the two-day South Asian management forum (SAMF) being held on December 9-10 in Karachi....
European stocks LONDON, Nov 21: European stock exchanges mostly rose on Monday amid generator EDF’s market debut in Paris, although London trading was dampened by profit-taking and negative news over drugs giant GlaxoSmithKline....		EU budget deal BRUSSELS, Nov 21: British Foreign Secretary Jack Straw restated Monday London’s commitment to trying to strike an EU budget deal next month, but stressed it would be difficult and require concessions on all sides....