Low Graphics Site

March 31, 2002 Sunday Muharram 16, 1423 CBR task force to have fresh look at tariff structure: No new taxes in next budget: Shaukat KARACHI, March 30: The next fiscal year’s budget will carry no new taxes, with no increase in rates and will have lesser number of taxes. The number of excise bearing items... Transport strike hits industrial output KARACHI, March 30: Industrial production, in a few industrial enclaves, came down by 40 to 50 per cent on Saturday because of the public transport strike in the city as workers... Money supply grows faster KARACHI, March 30: Money supply has risen beyond target mainly due to higher inflow of foreign exchange into the country but its inflationary impact may remain subdued as the economy is... Govt to lay off 200 NFC employees LAHORE, March 30: The federal government has decided to lay off around 200 — or 28 per cent — employees of the National Fertilizers Corporation (NFC) as part of its plans... Window dressing at the commercial banks KARACHI, March 30: Window dressing of balance-sheet is not a rare business practice. By doing so, companies improve their corporate image or save on taxes. And commercial banks are no exception.... Oil prices likely to move up KARACHI, March 30: The Oil Companies Advisory Committee (OCAC) is expected to announce an increase in oil prices in its fortnightly review on Sunday keeping in view the rising global oil... White sugar unsold stocks at record high KARACHI, March 30: The unsold stocks of white sugar lying in the mill godowns swelled to 1.7 million tons as lifting by the bulk consumers as well official sources was claimed... Badla rates edge up KARACHI, March 30: The average badla rates showed a modest increase over the last week at 13.6 to 14.7 per cent after the investment in 10 stocks rose to Rs6.52 billion... FCY return KARACHI, March 30: Banks will get 1.38 per cent return in April on their fresh foreign currency deposits placed with the State Bank, says an SBP circular.... Sindh govt assets sale gets under way KARACHI, March 30: Sindh Privatization Commission on Saturday approved the highest bid offered at an open auction for the sale of government assets worth over Rs120 million.... ‘Profitability issue delaying S.Arabia’s mega gas deal’ NICOSIA, March 30: The issue of profitability is at the core of the delays in the signing of gas deals worth 20 billion dollars in Saudi Arabia, the Middle East Economic... World Bank says may support Turkish industry ANKARA, March 30: The World Bank’s director for Turkey said on Friday the international lender was keen to help the manufacturing sector and would discuss in April how much lending it... Ten banks willing to buy Tunisian UIB bank: official TUNIS, March 30: Ten foreign banks, including Credit Lyonnais and Societe Generale of France and Italian Monte dei Paschi di Sienna, showed interest in buying a majority stake in Tunisia UIB... General Motors to get $2bn loan SEOUL, March 30: US auto giant General Motors Corp. will get a two-billion-dollar loan and tax incentives for acquiring South Korea’s troubled Daewoo Motor Co., a newspaper said.... China’s central bank chief rules out higher yuan TOKYO, March 30: China’s central bank governor indicated the yuan would not become much stronger in the near future but may weaken as Beijing is adopting a more flexible currency system.... Japan says tax reforms to lift economy TOKYO, March 30: Japanese policymakers said on Friday they would implement tax reforms to kick life into the stagnant economy, but the announcement lacked hard details and fell short of hopes... French balanced budget by 2004 not possible: Chirac PARIS, March 30: French President Jacques Chirac said on Friday France was not politically committed to balancing its public finances by 2004, and that as things stood at present he did... Singapore aims to lighten business burdens: DPM Lee SINGAPORE, March 30: Singapore will budget for modest surpluses over the business cycle, keep taxes light and government fees and charges low, Deputy Prime Minister and Finance Minister Lee Hsien Loong... People not to panic over bank problems: PM TOKYO, March 30: Prime Minister Junichiro Koizumi on Saturday urged the public not to panic over an imminent end to unlimited government-guaranteed repayments of deposits at collapsed banks.... SECP issues set of rules: Audit of listed cos ISLAMABAD, March 30: The Securities and Exchange Commission of Pakistan (SECP) has issued to all the listed companies an elaborate set of dos and don’ts for the maintenance and audit of...

Contributions Privacy Policy © DAWN Group of Newspapers, 2005

<>