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| June 11, 2003 | Wednesday | Rabi-us-Sani 10, 1424 |
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Govt sets target for major crops output
ISLAMABAD, June 10: The federal government has set a target of 10.6 million bales for cotton and 20.5 million tons for wheat for the year 2003-04, showing a growth of 3.8... 
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North Karachi industries face water shortage: SOS to prime minister
KARACHI, June 10: The entire North Karachi industrial area facing acute shortage of water is forced to take costly ride by paying 100 per cent more than the actual cost to...
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Stationery makers seek ST relief
KARACHI, June 10: The government has failed to keep its promise in addressing the issue of sales tax on stationery items in the budget for 2003-04. Local writing instrument makers say...
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Millers get offer to import US wheat: Credit guarantee
KARACHI, June 10: The US government is keen to supply wheat to Pakistan’s private sector under USDA credit guarantee programme....
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Taxpayers allowed to use old forms
ISLAMABAD, June 10: The finance ministry has asked the Central Board of Revenue (CBR) to allow taxpayers to file returns through old form with minor changes under the universal self assessment...
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Trading volume two-year high at 559m shares
KARACHI, June 10: Trading volume on Tuesday soared to two-year peak level of 559m shares after the KSE 100-share index confidently broke the barrier of 3,200 points amid active bouts of...
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Business team’s visit to India delayed
KARACHI, June 10: The visit of business delegation to India has been delayed for one week because of problem in getting visa for the members, who are now expected to leave...
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15pc GST levied on cheque books’ import
ISLAMABAD, June 10: The government has levied 15 per cent general sales tax (GST) on import of cheque books and similar documents of title....
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WorldCALL merger plan
KARACHI, June 10: WorldCALL Communications Limited — a stock market listed company — proposes to merge/amalgamate with World CALL Phonecards Limited (a wholly-owned subsidiary of WorldCALL Communications Limited)....
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Saudi investors arrive
ISLAMABAD, June 10: A six-member Saudi business delegation led by Walid Al Saygh, vice-chairman of Kanooz Group, arrived here on Tuesday to explore investment opportunities in Pakistan....
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2 more forex cos get SBP licence
KARACHI, June 10: The State Bank has issued working licences to two more foreign exchange companies — Access Currency Exchange of Karachi and Zarco Exchange of Lahore....
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Edible oils import bill shoots up by 50pc
ISLAMABAD, June 10: The import bill of edible oils ($538.20 million) shot up by 50.15 per cent, passing the half a billion dollar mark for the first time during the first...
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Cotton market lacks normal trading
KARACHI, June 10: Cotton market on Tuesday lacked normal trading interest as, for the second session in a row, physical business remained at a low ebb in the absence of strong...
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Limit of export performance reduced
ISLAMABAD, June 10: The Central Board of Revenue on Tuesday reduced limit of export performance to $0.1 million from $0.5 million to accommodate small and medium size manufacturers-cum- exporters under duty...
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Pakistan seeks US, EU action for WTO talks
WASHINGTON, June 10: The United States and the European Union must take steps on two trade issues important to developing countries for an upcoming World Trade Organization meeting to succeed, a...
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SBP informs banks of budgetary steps
KARACHI, June 10: The State Bank has sent a letter to heads of all banks informing them of the measures the government has announced in the budget 2003-04 for providing relief...
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Karachi Port operations
KARACHI, June 10: Five ships carrying containers and general commodities are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Write-off of bad loans SECP again refuses to issue guidelines
LAHORE, June 10: The Securities & Exchange Commission of Pakistan (SECP) has asked the associations representing various non-bank financial institutions (NBFIs) to facilitate the settlement of non-performing accounts of their member...
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Cut in car import duty resented
KARACHI, June 10: Chairman All Pakistan Motor Dealers Association (APMDA), H.M. Shahzad has termed the budgetary measure to cut import duty on 1,800cc and above cars as a disappointment....
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White Paper on corporate governance
ISLAMABAD, June 10: The Asian Roundtable on Corporate Governance, an OECD-led forum, has issued a White Paper which, inter alia, calls for better protection to minority shareholders’ interests and improved bank...
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