NWFP gets Rs219m under GST on services
PESHAWAR, April 21: The NWFP government has received Rs219m under the head of general sales tax (GST) on services from the federal government during the first nine months of this fiscal...
Various CBR departments to be merged
ISLAMABAD, April 21: The government has decided to merge various departments at the Central Board of Revenue (CBR) headquarter aiming to remove several duplications in the existing charter of duties....
Govt plans coal-fired power plants in EPZs
KARACHI, April 21: The Ministry of Industries and Production is planning to set up coal-fired power generation plants in export processing zones (EPZs) and special industrial estates to provide cheap source...
10.55m bales cotton output set for ’03-04
KARACHI, April 21: The government has set a cotton production target of 10.55 million bales for the 2003/04 (July/June) fiscal year, an increase of 450,000 bales against the current year’s output,...
Asia Board to buy back shares at Rs10
KARACHI, April 21: Sponsors of Asia Board Industries Limited would buy-back shares of the company at Rs10 per share, from the minority shareholders....
Economic outlook
WASHINGTON, April 21: The US economic outlook deteriorated in March in the face of the Iraq war, terrorism fears and despairing consumers, a closely-watched barometer showed on Monday....
Unisame for quick provision of facilities
KARACHI, April 21: The Union of Small and Medium Enterprises (Unisame) has suggested to the government that if it wants to encourage investment and rapid industrialization then it has to first...
Opec may tighten oil supplies
NEW YORK, April 21: Oil prices pushed above $31 on Monday ahead of this week’s Opec meeting which is expected to tighten crude supplies as fuel demand dips to the lowest...
Moot boosts investors’ confidence: Haqqie
ISLAMABAD, April 21: Chairman Board of Investment (BoI), Waseem Haqqie, while terming the International Conference on Investment and Privatization in OIC countries and Futurz 2003 Exhibition concluded here on Sunday, a...
Balochistan woos foreign investors
QUETTA, April 21: The Balochistan Chief Minister, Jam Mir Mohammad Yousaf on Monday said his government would consider giving exemption to the foreign investors in local taxes if they invest in...
KSE 100-share index all time high at 2967.49 points
KARACHI, April 21: After several abortive attempts, the KSE 100-share index on Monday finally managed to surpass its previous all-time peak level of 2,955 on heavy buying in most of the...
Malaysia stimulus package soon
KUALA LUMPUR, April 21: Malaysia on Monday pledged to expedite the release of a stimulus package as corporate chiefs sought loans and cuts in taxes and utilities charges to survive the...
Cement co fined for not transferring shares
ISLAMABAD, April 21: The Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of Rs20,000 on M/s Saadi Cement Limited, a listed company, and its chief executive for failure...
Cotton market lacks lustre
KARACHI, April 21: Trading on the cotton market resumed on a dull note as spinners were not inclined to make fresh commitments after some of the ginners raised their asking prices....
Oman seeking key project financing after Iraq war
MUSCAT, April 21: Oman is reviving negotiations with foreign banks to raise more than $2 billion in financing for major chemical and industrial projects there were delayed by the US-led war...
FTO’s directive to CBR
ISLAMABAD, April 21: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar has asked the chairman Central Board of Revenue (CBR) to take notice of the manners in which exporters are...
Indian economy to grow 6pc
NEW DELHI, April 21: India’s central bank governor Bimal Jalan said on Monday the economy was likely to grow 6.0 per cent in the current financial year on the back of...
FDP posts 25pc rise in exports handling
FAISALABAD, April 21: Minister of State and Chairman, Export Promotion Bureau (EPB), Tariq Ikram, has said the dry ports of the country were contributing substantially towards the promotion of exports through...
Karachi Port operations
KARACHI, April 21: Five vessels carrying containers and steel coils are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
Bogus refund: govt urged to adopt old law
KARACHI, April 21: The Towel Manufacturers’ Association of Pakistan (TMA) has suggested the government to adopt the old law of excise duty to check bogus claims of sales tax refunds....