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| June 21, 2003 | Saturday | Rabi-us-Sani 20,1424 |
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Govt ready to reduce GST rates
ISLAMABAD, June 20: The government has assured the business community of lowering General Sales Tax (GST) rates to encourage more private sector investment in the country.... 
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Contingent liabilities pose fiscal risk
KARACHI, June 20: The stock of contingent liabilities continues to pose “a serious fiscal risk” despite efforts to reform state-run units and the financial system, analysts said here....
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Pakistan may issue $500m bond
ISLAMABAD, June 20: Pakistan is considering issuing its first foreign currency bond since its only foray into the international capital market in 1997, Finance Minister Shaukat Aziz told London’s Financial Times...
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4 filament yarn units wind up business: Cut in import duty
KARACHI, June 20: As many as four manufacturing units of polyester filament yarn (two in Karachi and one each in Punjab and Balochistan), including three listed in public limited company, have...
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Textile sector well-positioned: SBP governor
NEW DELHI, June 20: With huge investment of $2 billion on balancing, modernization and replacement, State Bank of Pakistan Governor Dr Ishrat Husain on Friday said textile sector was fast rehauling...
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PS to earn Rs1bn profit this year
KARACHI, June 20: Federal Industries Minister Liaquat Ali Khan Jatoi said on Friday that Pakistan Steel (PS) would make a record profit of Rs1 billion this year....
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ST officer to determine minimum tax liability
ISLAMABAD, June 20: The government has introduced amendments in sales tax act empowering sales tax officer to determine minimum tax liability of a registered person in case of non-filing of return....
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Textile quota auction
KARACHI, June 20: Textile Quota Management of Export Promotion Bureau (EPB) has announced the textile quota on first-come first-served (FCFS) basis for the US, EU, Canada and Turkey....
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India loses textile case at WTO
WASHINGTON, June 20: The United States claimed victory on Friday in a World Trade Organization complaint brought by India in a textile dispute, a decision likely to keep India from increasing...
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Dutiable imports value up by 12pc
ISLAMABAD, June 20: The value of dutiable imports up by 12.15 per cent during 11 months of the current financial year over the corresponding period of last fiscal....
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Oil prices recover
LONDON, June 20: Oil prices recovered slightly from their recent falls on Friday as traders covered positions ahead of the weekend in quiet market conditions....
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Stocks finish weekend session with widespread gains
KARACHI, June 20: Stocks on Friday showed widespread gains on active short-covering at the overnight lower levels but there was no matching selling from the bears who most of the time...
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EU farm talks fail to make headway
LUXEMBOURG, June 20: After their second failure in two weeks to reform the Common Agricultural Policy (CAP), EU farm ministers still have a long way to go if they are to...
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Opec oil output seen falling
LONDON, June 20: Saudi Arabia is living up to its Opec agreement to slash oil output in June, despite high prices, and has returned to quota compliance after testing maximum capacity...
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US economy set for recovery
NEW YORK, June 20: The US economy is still set for a pick-up in the second half of this year and unemployment will gradually decline over the coming year, a regional...
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Trading picks up momentum on cotton market
KARACHI, June 20: Physical trading on the cotton market is progressively picking up as spinners have resumed their covering operations after normal resumption of export trade....
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Bumper wheat crop expected
KARACHI, June 20: Pakistan is expecting a surplus wheat harvest this season, enabling it to meet domestic wheat demands plus those of neighbouring Afghanistan, Food and Agriculture Minister Sardar Yar Mohammad...
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ADB satisfied with state units’ performance
ISLAMABAD, June 20: Asian Development Bank has noted with satisfaction a major improvement in the performance of Pakistan’s Public Sector Entities (PSEs) during past fours years and called for further accelerating...
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