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August 02, 2006 Wednesday Rajab 6, 1427 UIN system goes smoothly on KSE KARACHI, Aug 1: The Unique Identification Number (UIN) system completed its first day of implementation successfully on Tuesday at the stock exchanges. The system provides that all clients’ codes and names of stock brokers are now subject to pre-trade UIN verification.... Action against counterfeiting stressed KARACHI, Aug 1: Corporate leaders expressed concern over rising trend of counterfeiting and trademark infringement in the world business, as it is now seven per cent, amounting to over $500 billion of global trade.... Prices of essential items on the rise KARACHI, Aug 1: The last month added to the burden of kitchen budget on family income. The consumers paid higher prices for onion, potato, gram pulse, moong, ghee and cooking oil, poultry bird, egg, sugar, garlic, ginger, jam and jelly.... Income tax rules 2002 amended ISLAMABAD, Aug 1: The Central Board of Revenue has amended the income tax rules 2002 for assessment of tax liability of non-profit organisations. The amendments to the rules were notified through... Draft rules for e-filing of returns ISLAMABAD, Aug 1: The Central Board of Revenue (CBR) has issued draft rules to facilitate taxpayers to file returns and documents electronically. CBR spokesman Habib Fakhrudin in a statement issued on... Meat meal lots disguised as fertiliser seized KARACHI, Aug 1: Customs authorities have verified that meat meal being imported under the garb of fertiliser is coming from Bovine Spongiform Encephalopathy (Mad Cow disease) infected countries.... Oil prices jump on supply concerns LONDON, Aug 1: World oil prices vaulted higher on Tuesday as traders worried about a lack of progress in the Middle East and renewed fears of a regional conflict.... Fishing permission to big ships criticised KARACHI, Aug 1: A joint meeting of three major fishery bodies -– the Fishermen Cooperative Society, the Pakistan Fisheries Association and the Pakistan Fisher Folk -— on Monday expressed concern over... Stocks manage to finish higher despite profit-selling KARACHI, Aug 1: Stocks on Tuesday turned mixed as oil giants ran into profit-selling at the highly inflated levels and dragged down some other pivotals along with them in the minus column but the underlying sentiment remained uppishly inclined.... Vehicle sales DETROIT, Aug 1: Ford Motor Co. announced on Tuesday that its total US vehicle sales plummeted by 34.2pc in July to 241,339 units as consumers were battered by skyrocketing fuel costs.... Yukos declared bankrupt MOSCOW, Aug 1: The Yukos Oil Company, once Russia''s largest oil producer, was declared bankrupt on Tuesday by a Moscow commercial court despite a last-minute appeal by the firm''s lawyers.... Trading remains slow on cotton market KARACHI, Aug 1: Trading activity on the cotton market on Tuesday remained slow as price ideas of buyers and sellers failed to find a meeting ground owing to heavy rain.... POL pushes FY06 import bill to $28.581 billion ISLAMABAD, Aug 1: The import bill of petroleum products, machinery and agriculture implements recorded a hefty growth during the last fiscal year. Official figures available with Dawn showed that the import bill of petroleum products alone rose by 66.59pc... Karachi Port operations KARACHI, Aug 1: Ten ships carrying general cargo and urea are expected to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was slow... Euro gains LONDON, Aug 1: The euro gained against the dollar on Tuesday as investors judged that evidence of a pick-up in US inflationary pressures in June would not be enough to trigger a rate hike by the Federal Reserve next week.... Asian stocks mostly lower HONG KONG, Aug 1: Asian stocks closed mostly lower on Tuesday with investors booking profits on recent gains ahead of a decision on US interest rates by the Federal Reserve next week, dealers said.... Malaysian palm oil prices up KUALA LUMPUR, Aug 1: Malaysian crude palm oil futures rose on Tuesday, on higher prices of rival soyaoil and hopes that the strong trend in exports will continue in August.... Dubai gold sales drop 30 per cent DUBAI, Aug 1: Dubai''s gold sales dropped 30 per cent in the first half of the year as gold prices soared, the chairman of a gold and jewellery trade group in the Gulf emirate said....

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