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| June 19, 2002 | Wednesday | Rabi-us-Sani 7, 1423 |
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Distribution formula not finalized as yet: Provinces share in GST
KARACHI, June 18: The bureaucrats in the federal finance ministry have not worked out as yet the distribution formula of the 2.5 per cent general sales tax (GST) amounting to Rs32... 
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SBP, KSE figures fall poles apart: Foreign investment
KARACHI, June 18: In defiance of the trend of the first four months of the current calendar year, foreign portfolio investment recorded net outflow of Rs297 million or $5 million during...
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Govt aims single digit lending rates: Shaukat opens moot
KARACHI, June 18: Finance Minister Shaukat Aziz said on Tuesday that lowering the banks’ lending rates to a single digit, narrowing down of the spread and cutting down on the intermediation...
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NWFP PFC evolves formula: Resource distribution
PESHAWAR, June 18: The NWFP Provincial Finance Commission (PFC), has evolved formula for the distribution of resources among the district governments and prepared guidelines for criteria and priorities to carry out...
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Stocks suffer fractional decline on stray selling
KARACHI, June 18: Stocks on Tuesday remained under pressure and suffered fresh fractional decline on stray selling by jobbers and short-term dealers, although selective support figured prominently on some blue chip...
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Issue of tax on dividends resolved
KARACHI, June 18: Some ‘confusion’ over budgetary measure regarding tax on dividends had put an initial damper on investor interest in stocks, but KSE chairman Salim Chamdia told the finance minister...
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‘UBL reference price not disclosed’
KARACHI, June 18: Finance Minister Shaukat Aziz said on Tuesday that reference price of any public sector asset that is offered for privatization is not disclosed, and that there was no...
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EoIs for LCFL invited
ISLAMABAD, June 18: The Privatization Commission on Tuesday invited the interested parties to submit their expressions of interest (EoIs) for the acquisition of a minimum 75 per cent share of Lyallpur...
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SPI records increase
ISLAMABAD, June 18: The Sensitive Price Indicator (SPI) for the week ended on June 13 for lowest income group up to Rs3,000 has registered 0.16 per cent increase over the previous...
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378 taxpayers listed in LTU
ISLAMABAD, June 18: The federal government has notified a list of 378 taxpayers in the jurisdiction of the Large Taxpayers Unit (LTU), Karachi, to be effective from July 1, 2002....
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Rs720m revenue expected from TV sets output
ISLAMABAD, June 18: Minister for Commerce Abdul Razak Dawood said here on Tuesday the production of local television will reach to about 475,000 sets by this year end to help earn...
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Falling stocks keep cotton prices higher
KARACHI, June 18: Cotton prices on Tuesday tended further higher as reports of falling unsold stocks and expensive foreign lint did not allow mills and spinners to keep to the sidelines....
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Car production slows down in May
KARACHI, June 18: Car production of some assemblers has shown a decline in May as compared to April figures despite clear warning from Commerce Minister, Abdul Razzak Dawood two months back...
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Raw materials Exemption of customs duty notified
ISLAMABAD, June 18: The federal government has exempted customs duty in excess of duties liable under the customs act on import of raw materials, sub-components and component used in the manufacturing...
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Indian rupee up
MUMBAI, June 18: The Indian rupee ended firmer for the second successive day on increased dollar inflows from exporters convinced that the local currency is likely to appreciate in the near...
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Deal signed for container terminal
KARACHI, June 18: Karachi Port Trust (KPT) and Premier Mercantile Services (PMS) on Tuesday signed an implementation agreement for setting up a container terminal at berths 6-9 of the KPT on...
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Malaysian palm oil slumps
KUALA LUMPUR, June 18: Malaysian crude palm oil futures slumped on Tuesday after a dearth of positive factors and an overnight drop in US soyaoil pushed players to take profits....
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Tea prices up
MOMBASA, June 18: Kenyan tea again fetched high prices this week, with traders on Tuesday attributing the upward trend to strong general demand....
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PSF drawback facility
ISLAMABAD, June 18: The government has extended the period of compensatory duty drawback facility for one year on locally produced polyester staple fibre (PSF) in the budget of 2002-03....
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PMDC producing 0.3m tons of coal annually
ISLAMABAD, June 18: The Pakistan Mineral Development Corporation (PMDC) is producing around 300,000 tons of coal annually, which is about 10 per cent of the total production of 3 million tons...
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