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| June 10, 2003 | Tuesday | Rabi-us-Sani 9, 1424 |
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Provincial budgets may exceed Rs330bn: Rs100bn extra burden
KARACHI, June 9: Budget makers in all the four provinces are beset with two major handicaps as they start giving final shape to the annual receipt-expenditure account sheet for the next... 
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Govt borrowing target set at Rs27.9bn
KARACHI, June 9: The government plans to raise Rs27.9 billion through bank borrowing to fill in the gap between its income and expenses in 2003-04....
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Carry-over quota utilization not allowed as yet
KARACHI, June 9: Delay in allowing utilization of carry-over quotas and over programming by the Export Promotion Bureau (EPB) have pushed quota prices of many categories sky high thereby damaging exports...
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Board formed to expedite Gwadar port development
ISLAMABAD, June 9: The government has decided to constitute a high-powered board to expedite the development of Gwadar Deep Sea Port and prepare a package for Special Economic Zone (SEZ)....
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CED on 3 items removed
ISLAMABAD, June 9: The government has withdrawn central excise duty (CED) on three items and rationalized on POL products....
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Polyester fibre import allowed under DTRE
ISLAMABAD, June 9: The government has introduced a number of amendments in duty and tax remission for export (DTRE) scheme to make it more user-friendly....
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Tea body not happy with 5pc duty cut
KARACHI, June 9: Pakistan Tea Association (PTA) has ruled out possibility of any drastic erosion in smuggling in view of five per cent cut in import duty on tea to 20...
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‘Budget ignores soap industry’
KARACHI, June 9: The chairman, Pakistan Soap Manufacturers’ Association (PSMA), M. Yaqub Karim has said the government has ignored soap makers in the budget....
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Microsoft invited for investment
ISLAMABAD, June 9: Information Technology Minister Awais Ahmad Khan Leghari on Monday invited Microsoft, a software company, to invest in the country in a mutually-beneficial projects....
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Market capitalization crosses Rs700bn mark
KARACHI, June 9: All previous records were broken on the Karachi Stock Exchange on Monday as the new budget proved a catalyst for the market to its onward march to the...
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Textile manufactures’ export up by 23pc
ISLAMABAD, June 9: Exports of textile manufactures surged by 23.31 per cent to $6,417.83 million during the period July-May 2002-03 as compared to the corresponding period of previous year....
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Cotton market remains calm
KARACHI, June 9: Cotton market on Monday reopened on a sluggish note as the post-budget session witnessed a terrible calm on the ready counter in the absence of buyers and sellers....
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Govt aim to keep rates low boosts bond prices
KARACHI, June 9: Pakistan’s bond prices rose on Monday, reacting positively to the government’s pledge to maintain a lower interest-rate environment to boost economic growth, in its budget for the coming...
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Gold price eases slightly
LONDON, June 9: Gold dipped slightly in subdued European trade on Monday, with the market at the lower end of familiar ranges as tentative hopes for a US economic recovery kept...
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NWFP to project hydel profit at Rs17.6bn
PESHAWAR, June 9: Despite the fact that NWFP has been getting capped share amount of Rs6 billion for the last several years on account of net hydel profit, the provincial government...
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Provinces to get Rs2.9bn under GST
PESHAWAR, June 9: Provinces have been projected to jointly get over Rs2.9bn on account of general sales tax on services in 2003-04, reflecting an increase of 11 per cent in comparison...
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Romania interested in joint venture
SIALKOT, June 9: Romania has offered some direct trade relations to Sialkot business community for enhancing and strengthening the trade ties....
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Karachi Port operations
KARACHI, June 9: Eight ships carrying containers, steel coils and sugar for Afghanistan are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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EFU Life declares dividend
KARACHI, June 9: EFU Life Assurance Limited — a stock market listed company — announced on Monday that it had made pretax profit of Rs40.3 million and after tax profit of...
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Palm oil prices up
KUALA LUMPUR, June 9: Malaysia’s palm oil futures strengthened on Monday despite talk of slower exports in June as players found comfort in tight domestic supplies, traders said....
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