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| April 23, 2002 | Tuesday | Safar 9, 1423 |
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Higher US Investment raises FDI to $287.4m: July-March 2001-02
KARACHI, April 22: Pakistan attracted $287.4 million foreign direct investment in the first nine months of this fiscal year of which $164.1 million came from the US.... 
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10 per cent EU quota announcement today: Razak gives away PRGMEA awards
KARACHI, April 22: Commerce Minister Abdul Razak Dawood on Monday disclosed that policy for the remaining 10 per cent balance of European Union’s enhanced quota textile will be announced on Tuesday....
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Customs start Releasing red chillies
KARACHI, April 22: Customs have started releasing detained Indian red chillies from Monday after re-affirmation from the PCSIR and Department of Plant Protection that the commodity is free from any fungal...
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Steps to contain unsustainable debt burden: COMMENT
KARACHI, April 22: The IMF has urged Pakistan to “extricate” itself from “its still unsustainable debt” by continuing fiscal adjustments that will include tax measures to yield revenues worth about 0.5...
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Experts want anomalies removed: Sales Tax Act 1990
KARACHI, April 22: Tax experts and consultants have asked the Central Board of Revenue to remove all the anomalies as well as harsh sections from the Sales Tax Act, 1990 in...
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Report on OTC market sent to SECP
KARACHI, April 22: The Committee for Over-The-Counter (OTC) market (for securities) approved on Monday, a report covering modus operandi of OTC market in Pakistan....
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15pc GST likely on import of farm items
ISLAMABAD, April 22: The government is likely to levy 15 per cent general sales tax (GST) on agricultural produce on their import from the financial year 2002-03....
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Delay in refund: probe ordered
KARACHI, April 22: The CBR has initiated investigation against Sales Tax officials for the delay in the payment of refunds to businessmen....
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12 EoIs received for ICP mutual funds
ISLAMABAD, April 22: Twelve Expressions of Interest (EoIs) have been received by the Privatization Commission (PC) from different local and foreign parties for acquiring as one lot the management rights of...
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KSE: leading shares come in for stray support
KARACHI, April 22: Stocks on Monday showed an improved trend as leading shares came in for stray support ahead of their board meetings, but the underlying sentiment remained bearishly inclined owing...
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WB outlines factors affecting investment: Pakistan policy review
ISLAMABAD, April 22: Bureaucratic harassment, problems of law and order, unreliable and expensive electricity and inadequate infrastructure have discouraged investment in Pakistan, says a latest report of the World Bank....
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Dull trading on cotton market
KARACHI, April 22: Trading on the cotton market on Monday resumed on a dull note as both sellers and buyers remained locked in a battle of nerves to get an upper...
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$200m to be spent on import of oil, farming inputs: Drought relief plan
PESHAWAR, April 22: The $360 million Drought Emergency Relief Assistance (DERA) programme, to be completed in three years, involves $200 million spending on import of oil and farming inputs, according to...
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One window operation demanded
FAISALABAD, April 22: All Pakistan Sizing Industries Association (APSIA) has demanded of the government to replace the existing sales tax system with one window operation in the larger interest of taxpayers...
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Report on Engg Vision by next month
LAHORE, April 22: Federal Minister for Commerce, Industries & Production, Abdul Razak Dawood has expressed the hope that a report on the national strategy on engineering would be finalized and submitted...
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Palm oil rallies to end at 3-month high
KUALA LUMPUR, April 22: Malaysian palm oil futures rallied to end at a three-month high on Monday, lifted by a crop report, firmer Chicago soyaoil futures and a stronger rupiah, traders...
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