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| June 8, 2003 | Sunday | Rabi-us-Sani 7, 1424 |
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Businessmen offer mixed opinion: Budget 2003-04
KARACHI, June 7: It must have required a big leap of faith to describe the federal budget 2003-04 as “investor friendly”, but that is how Moin M. Fudda, managing director of... 
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Budget to stabilize financial sector
 KARACHI, June 7: The budget has created an enabling environment for financial sector to stabilize — and even grow as the economy takes a turn for the better....
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Direct tax ratio retained at 32 per cent
KARACHI, June 7: The next year’s budget announced on Saturday, retains by and large, the same ratio of direct taxes at 32 per cent and those of indirect taxes to 68...
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Tax incentives to boost economy
KARACHI, June 7: The advance ruling for foreign investment with regard to tax liability along with other tax and duty concessions as announced by the federal finance minister Shaukat Aziz in...
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20pc GST levied on edible oilseeds
ISLAMABAD, June 7: The government has levied 20 per cent general sales tax (GST) on import of edible oil seeds and 39 raw materials, sales tax exempted on local procurement of...
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Cement prices may fall by Rs10-12
KARACHI, June 7: Cement prices are likely to fall by Rs10-12 per 50 kg bag in view of the budgetary decision of cutting central excise duty (CED) by 25 per cent....
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Duty on 259 items reduced
ISLAMABAD, June 7: The government has reduced customs duty on 259 items mainly raw materials and components for the engineering, agriculture implements, casting and forging, ceramics, cutlery, bulk and light industries....
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Problems of several sectors ignored
KARACHI, June 7: An overwhelming majority of business leaders have hailed the 2003-04 budget presented by the Finance Minister Shaukat Aziz on Saturday calling it “investment friendly focussing on growth” but...
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Falling returns on national savings schemes
KARACHI June 7: The government intends to introduce new rules to curb investment by commercial banks and their customers in National Saving Scheme (NSS)....
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Withholding tax on two types of payments reduced
ISLAMABAD, June 7: The government has enhanced tax credits for housing and construction industry and rationalized a number of taxes to create a business-friendly environment....
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Cotton traders pin hopes on textile package
KARACHI, June 7: Cotton traders on Saturday welcomed the new federal budget amid hopes that the positive impact of the textile package will spill over to the cotton trade as the...
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Revenue target fixed at Rs510bn
ISLAMABAD, June 7: The government has fixed Rs510 billion annual revenue target for the financial year 2003-04 as against the revised target of Rs458.9 billion for the fiscal 2002-03, an increase...
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Karachi
KARACHI, June 7: Three ships carrying containers are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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Exports to US Strict security at ports urged
WASHINGTON, June 7: Commerce Minister Humayun Akhtar Khan said on Saturday that Pakistan would have to improve security arrangements at its ports if it wanted to continue to export its products...
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