| 02 January 2004 | Friday | 09 Ziqa'ad 1424 |
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Shipping lines raise freight rates
KARACHI, Jan 1: Major shipping lines calling at country's ports have enhanced general freight rates with immediate effect and are also going to impose 'peak season surcharge' from middle of this year. ... 
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NSS rate-cut to boost stock market
KARACHI, Jan 1: The 50-60 basis points reduction in the rates of return on fixed-income national saving schemes effective January 1, 2004 would further force people to withdraw money from these schemes. ...
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Iraqi dinar gaining value
KARACHI, Jan 1: Iraqi dinars have flooded Pakistan's currency market as speculators get a free hand to play with investors' greed for easy and quick money. "You get a million Iraqi dinars at Rs35,500," a currency dealer responded to this correspondent's query on Thursday. ...
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AKF to pay bid money for HBL in 2 tranches
ISLAMABAD, Jan 1: The Aga Khan Fund for Economic Development (AKFED) would pay in two tranches the Rs22.409 billion bid money for the 51 per cent shares and management control of Habib Bank Limited (HBL) over a period of two years, Dawn has learnt. ...
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Prepayment of loan
ISLAMABAD, Jan 1: Pakistan will pay over one billion dollars' expensive debt it owes to Asian Development Bank and World Bank ahead of schedule within the next four weeks, said Finance Minister Shaukat Aziz on Thursday. ...
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2003 brings no respite for consumers
KARACHI, Jan 1: The year 2003 proved to be no different from earlier years for common Pakistanis. Consumers in the country end up paying higher prices for flour varieties, onion, tomato, meat, sugar and poultry products. ...
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38 more cos to join NCSS this month
LAHORE, Jan 1: The Central Depository Company (CDC) has decided to bring another 38 securities into the fold of National Clearing Settlement System (NCSS) by January 19. ...
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Tax collection
ISLAMABAD, Jan 1: The tax authorities on Thursday claimed to have surpassed the revenue target by Rs5.8 billion set for the first six months (July-December) period of the current financial year. ...
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CBR pays Rs31.9bn refund in 1st half
ISLAMABAD, Jan 1: The tax authorities have paid out Rs31.9 billion refund/rebate to exporters during the first half of the current financial year against Rs31.89 it paid during the same period last year, showing an increase of only 0.03 per cent. ...
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CBR opposes extension in SRO410
ISLAMABAD, Jan 1: The tax authorities have recommended to the commerce ministry not to extend the temporary importation scheme as it was what they believed the main hurdle to implementation of no-duty-no-drawback scheme introduced three years back. ...
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Iran ready to help curb POL smuggling
KARACHI, Jan 1: Iran's Deputy Minister for International Affairs, MH Nejad Hosseinian has said that his country is keen to resolve the issue of petroleum products smuggling across Pakistan-Iran border. ...
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Industrial zones for SMEs demanded
KARACHI, Jan 1: Separate industrial zones for small and medium size enterprises (SMEs), having their own set of labour and taxation laws, has been demanded by the Unisame. ...
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Bullish trend on cotton market
KARACHI, Jan 1: Cotton prices on Thursday rose further as ginners held on to their positions in the backdrop of prevailing bullish trend on the world markets. ...
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Late selling checks run-up on stock market
KARACHI, Jan 1: Stocks on Thursday fell below the day's highs despite vote of trust for the president because of late selling by some of the retailers followed by reports of steep increase in carryover volume and fears of fresh pruning in the share values of some pivotals. ...
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