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| June 21, 2002 | Friday | Rabi-us-Sani 9, 1423 |
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Sindh expects Rs8.55bn taxes: 15pc hike in revenue seen
KARACHI, June 20: Sindh’s finance minister Abdul Hafeez Sheikh on Thursday expressed the hope that the provincial tax revenue would improve by more than 15 per cent in the coming fiscal... 
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Three major units sell-off to fetch $2bn
ISLAMABAD, June 20: The government is expecting to earn $2 billion by privatizing Karachi Electricity Supply Corporation (KESC), Pakistan State Oil (PSO), Oil and Gas Development Company Limited (OGDCL) and some...
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Rs25.38bn earmarked for 16 districts: Salary, non-salary expenses
KARACHI, June 20: The Sindh government has allocated Rs25.38 billion revenue expenditures for all 16 districts of the province during the financial year 2002-2003. According to the break-up — salary and...
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NTC law being revised
ISLAMABAD, June 20: The federal government is revising the National Tariff Commission law to increase the Commission’s autonomy in view of its growing role in management of the WTO-related instruments, according...
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Rs7bn ADP announced for Sindh for 2002-3
KARACHI, June 20: Out of the total Annual Development Programme of Rs7 billion proposed for the next fiscal year, the Sindh government has retained Rs3.126bn under its control....
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Razak offers joint ventures to Turkey
ISLAMABAD, June 20: The opening Session Joint Ministerial Commission (JMC) on Trade between Pakistan and Turkey was held in Ankara on Thursday....
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No overdraft with SBP
KARACHI, June 20: Sindh Minister for Finance, Planning and development, Dr. Abdul Hafeez Shaikh, in his budget speech for the fiscal 2002-03 announced that the overdraft with the State Bank which...
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SECP puts 21 insurance cos on notice
ISLAMABAD, June 20: Securities and Exchange Commission of Pakistan has put 21 insurance companies on notice warning them that their registration may be revoked unless they get their claims paying ability/financial...
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Post-budget lull ends as stocks recover 28 points
KARACHI, June 20: The post-budget lull on the stock market was broken on Thursday as investors resumed covering operations at the lower levels aided by perceptions of a sustained bull-run. The...
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July-May receipts fall short by 14.43pc
ISLAMABAD, June 20: The revenue receipts fell short by 14.43 per cent to Rs343.568 billion during July-May period of the current financial year against the target of Rs358 billion set for...
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NWFP dist govts may surrender Rs500m funds
PESHAWAR, June 20: Around Rs500m developmental funds out of the total Rs3.6bn placed at the disposal of the district governments are likely to remain unutilized during the current financial year, according...
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Firm trend on cotton market
KARACHI, June 20: Cotton market on Thursday showed firm trend as despite a considerable decline in mill buying ginners were in no mood to lower their asking prices....
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Rs1,000 fixed as uniform fee for filing appeals: Tribunal, high court
ISLAMABAD, June 20: The government in budget has fixed a uniform rate of fee at Rs1000 for filing appeals to collector (Appeals), the appellate tribunal and high court, said a notifications...
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Dollar tumbles
LONDON, June 20: The dollar slumped on Thursday in response to fresh losses on Wall Street and data showing the United States chalked up a record trade deficit in April, propelling...
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Cotton prices to improve next season: PCCC
KARACHI, June 20: The Committee on Seed Cotton Prices has observed that international cotton prices will be improved next season due to lower production worldwide...
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21 customs SROs go
ISLAMABAD, June 20: The government has done away with 21 customs SROs in the budget of 2002-03....
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Eurostocks near 9-month lows
LONDON, June 20: Weaker European markets hovered near nine-month lows on Thursday, dragged down by technology and telecom shares as US stock index futures turned down amid doubts over the outlook...
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Palm oil prices lower
KUALA LUMPUR, June 20: Malaysian crude palm oil futures closed lower on Thursday as players liquidated positions due to concerns about export performance in coming months and prospects of good domestic...
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Indian rupee steady
MUMBAI, June 20: The rupee ended steady, coming off highs on state-run banks’ dollar purchases, suspected to be on behalf of the central bank, halting its rise this week against a...
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Marker re-elected as PICIC chief
KARACHI, June 20: The board of directors of Pakistan Industrial Credit and Investment Corporation (PICIC) has re-elected Khursheed K Marker as its chairman and Mohammad Basheer Janmohammad as deputy chairman....
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