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| June 18, 2002 | Tuesday | Rabi-us-Sani 6, 1423 |
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16 kg ghee tin prices move up by Rs50
KARACHI, June 17: The price of a 16 kg vegetable ghee tin went up by more than Rs 50 on Monday as an immediate impact of the levy of 15 per... 
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Rs460bn tax target termed unrealistic
KARACHI, June 17: Business leaders on Monday continued to express their mixed reactions on the next fiscal year’s budget presented by Finance Minister Shaukat Aziz on Saturday. They hope that the...
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57 items brought under CED
ISLAMABAD, June 17: The federal government has levied, at import stage, Central Excise Duty (CED) on 57 items in the budget....
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Withholding tax on bonus share done away with
ISLAMABAD, June 17: The government has abolished withholding tax on bonus share, dividend income of mutual fund, private car with token tax, purchases by poultry processing unit, while it has rationalized...
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Post-budget KSE session fails to generate heat
KARACHI, June 17: The anticipated post-budget rally failed to manifest itself on the stock market on Monday as leading investors were still in the process of analyzing the fiscal measures and...
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No relief for sugar industry
LAHORE, June 17: The sugar industry, which is playing an important role for the development of the rural/backward areas of the country, has not been given relief in the budget....
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Dollar sheds 20 paisa in kerb
KARACHI, June 17: The US dollar on Monday fell by 20 paisa in the kerb to hit a four-month low against the rupee amid falling local demand from the general investors...
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SSGC, Saudi Pak Leasing TFCs
KARACHI, June 17: Sui Southern Gas Company Limited (SSGC) and Saudi Pak Leasing Company Limited announced on Monday that their respective Term Finance Certificates (TFCs) had stood oversubscribed....
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Reduction of duty on automobiles criticized
KARACHI, June 17: Assemblers of cars and motorcycles have expressed their resentment on the government’s decision to reduce the import duty on automobiles from 25 to 50 per cent in the...
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Removal of drawbacks to hit carpet industry
LAHORE, June 17: The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has said the decision to abolish duty drawbacks from June 30 will hit the carpet industry hard which is already...
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Spinners building up long positions
KARACHI, June 17: Active trading was witnessed on the cotton market on Monday as leading spinners continued to build up long positions at the current level amid fears of short supply...
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Japan govt leaves economic assessment unchanged
TOKYO, June 17: The Japanese government on Monday left its key economic assessment unchanged, saying rising exports had halted the economic slide but slack corporate investment and consumer spending were holding...
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Duty, ST exemption
ISLAMABAD, June 17: The government has extended the exemption limit of customs duty and sales tax on temporarily imported goods by a registered exporter for its subsequent exportation....
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Arab states accelerate $1bn gas project
AMMAN, June 17: Egypt, Jordan, Syria, and Lebanon are forging ahead with implementation of an envisioned $1 billion Middle East natural gas pipeline project from Egypt, officials said on Monday....
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Textile machinery exempted from duty
ISLAMABAD, June 17: The federal government has exempted textile machinery from customs duty in the budget of 2002-03....
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Palm oil prices up
KUALA LUMPUR, June 17: Malaysian crude palm oil futures closed off highs on Monday after bullish exports data for June 1-15 had boosted prices earlier....
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Goldman Sachs denies evading taxes
TOKYO, June 17: The Japanese branch of major US investment bank Goldman Sachs on Monday denied media reports that seven Japan-based affiliates allegedly evaded paying taxes....
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Indian rupee higher
MUMBAI, June 17: The rupee ended firmer on Monday, at a three-session high, helped by bunched weekend dollar inflows and fading concerns that India and Pakistan will go war, dealers said....
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Zero ST procedure notified
ISLAMABAD, June 17: The government has notified procedures for zero rating of sales tax on supplies of locally manufactured plant and machinery for petroleum and gas sectors exploration and productions companies....
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Egypt sees slowdown in economic growth
CAIRO, June 17: Egypt forecasts a sharp slowdown in economic growth in the wake of September 11, highlighting the need for reforms, especially in foreign exchange policy, a senior government economic...
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