Rs460.2bn collected in 02-03: Shaukat
ISLAMABAD, July 10: Finance Minister Shaukat Aziz on Thursday claimed that the tax authorities had collected Rs460.2 billion during the fiscal year 2002-03 against the target of Rs458.9 billion, registering an...
LTU collection stands at Rs24.630 billion
KARACHI, July 10: The Large Taxpayers Unit (LTU), Karachi has made net collection of Rs24.630 billion in direct taxes during outgoing fiscal 2002-03, showing a fabulous growth of 11.12 per cent...
Vegetable exports fetch $23.53m
KARACHI, July 10: The Severe Acute Respiratory Syndrome (Sars) epidemic in China during the last few months has shifted many foreign buyers of potato and onion towards Pakistan. This has been...
WB okays new infrastructure action plan
ISLAMABAD, July 10: The Board of Executive Directors of the World Bank Group has approved a new Infrastructure Action Plan (IAP), signalling a reinvigorated embrace of infrastructure development through project financing...
ECO trade deal
ISLAMABAD, July 10: The commerce and foreign trade ministers of Economic Cooperation Organization (ECO) are likely to finalize “ECO trade agreement” at a three-day meeting to be held here on July...
PTCL, Hubco lead KSE 100-share index to new high
KARACHI, July 10: The KSE 100-share index on Thursday briefly tested its new career-best level at 3,615 assisted by massive buying in PTCL and Hub-Power and kept analysts guessing about its...
Value-added sector assured of incentives
ISLAMABAD, July 10: Federal Commerce Minister, Humayun Akhtar Khan on Thursday assured incentives in trade policy for value-added goods exporters....
Bank of England cuts rate
LONDON, July 10: The Bank of England cut its benchmark interest rate by a quarter point to 3.50 per cent on Thursday to try to breathe new life into a sluggish...
Businessmen to take part in Delhi fair
KARACHI, July 10: Pakistani business community will fully participate in India international trade fair in New Delhi to held from November 14 to 27....
Saudi Pak Investment interested in ABL
ISLAMABAD, July 10: Saudi Pak Industrial and Agricultural Investment Company (SPIAIC) has expressed keen interest in buying ABL shares....
Drawback allowed
ISLAMABAD, July 10: The Central Board of Revenue has allowed exporters to claim duty drawback on export of plaster of Paris bandages....
Oil prices rally on supply worries
LONDON, July 10: Oil prices burst higher on Thursday, hitting the highest level for almost four months here on concerns about the outlook for gasoline supplies in the United States....
Rs61 billion refunded to exporters
ISLAMABAD, July 10: The tax authorities paid out Rs61.144 billion refund/rebate to exporters during the fiscal 2002-03 against Rs62.761 billion paid over the corresponding year, indicating a decrease of 2.57 per...
Sindh sugar mills term cane price unjust
KARACHI, July 10: Pakistan Sugar Mills Association (Sindh Zone) on Thursday blamed the provincial government for the sugar industry woes and threatened not to run boilers for the new crushing season...
Cotton market lacks normal trading
KARACHI, July 10: The cotton market on Thursday lacked normal trading interest as spinners remained conspicuous by their absence after ginners raised their asking prices....
‘Small quantity’ irks bedlinen exporters: Carry-over quota
FAISALABAD, July 10: Bed-linen exporters have termed the carry-over quota facility allowed by the EPB too small in quantity to fill a single container, making shipment difficult....
Karachi Port operations
KARACHI, July 10: Three vessels carrying soyabean oil, rock phosphate and crude oil are expected to arrive at the outer anchorage on Friday, according to KPT sources....
HBL profit rates
KARACHI, July 10: Habib Bank Ltd. (HBL) on Thursday declared the following profit rates on various categories of PLS deposits for the Ist half of the year ended June 30, 2003....
Rice export deal signed with Iran
ISLAMABAD, July 10: Pakistan will export 15,000 tons of different varieties of rice worth $7.75 million to Iran....
‘Rising gas price puts heat on US firms’
WASHINGTON, July 10: US Federal Reserve chairman Alan Greenspan warned on Thursday that soaring natural gas prices are starting to turn up the heat on parts of US industry....