| 07 April 2004 | Wednesday | 16 Safar 1425 |
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Sindh wants NFC to give 15 percent weightage: Revenue generation
KARACHI, April 6: Sindh has asked the National Finance Commission to give a 15 per cent weightage to the revenue generation capacity of the provinces and 70 per cent to the population in the resources distribution formula. ... 
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IT southern nets 60,000 new taxpayers
KARACHI, April 6: The Southern Region of Income Tax netted around 60,000 new taxpayers during the last five months and also allotted them national tax number (NTN), officials said on Tuesday. Finance Minister Shaukat Aziz has declared the FY2003-04 as the year for broadening tax net. ...
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EU ready to review duty on bedlinen
ISLAMABAD, April 6: The European Commission has expressed its willingness to initiate, without delay, a review of the 13.1 per cent anti-dumping duty imposed by it on Pakistani bedlinen. ...
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Investors induce fresh interest in gold
KARACHI, April 6: Investors, who used to be very cautious in putting up huge money in gold, are now gradually shifting their mood towards the yellow metal after being charmed by its rising trend in domestic prices and not by its glitter. ...
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JICA to set up cells to upgrade textile sector
ISLAMABAD, April 6: The Japanese International Cooperation Agency (JICA) will establish its cells in all the four provinces for the upgradation of textile sector for a period of two years. ...
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Margin financing by June likely
LAHORE, April 6: Margin financing is likely to be introduced as the mode of trade in the stock market by middle of this year, said the chairman, Lahore Stock Exchange (LSE), Syed Asim Zafar. Margin financing, when introduced, will replace the badla trading. ...
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Kohinoor Oil 2nd pre-bid conference on 13th
ISLAMABAD, April 6: The second pre-bid meeting for the privatization of 51 per cent shares of Kohinoor Oil Mills will be held at the Privatization Commission on April 13. The first pre-bid conference was conducted on March 24. ...
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Pakistan International Airlines
KARACHI, April 6: The market was anxiously looking forward to it. And it is thoughtless that Pakistan International Airlines Corporation (PIAC) decided to skip the expected 5-10 per cent cash dividend, if only for the minority shareholders. ...
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SECP, CBR to work for corporate sector
ISLAMABAD, April 6: The Securities and Exchange Commission of Pakistan and the Central Board of Revenue have agreed to work in close coordination in the interests of the growth of a vibrant and efficient corporate sector in Pakistan. ...
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Parco ratings maintained
LAHORE, April 6: The long-term and short-term entity ratings of Parco have for the seventh consecutive year been maintained by the Pakistan Credit Rating Agency (Pacra) at "AAA" (triple A) and "A1+" (single A one plus). ...
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Cotton market lacks normal trading
KARACHI, April 6: The cotton market on Tuesday lacked normal trading interest as spinners and mills kept to the sidelines, awaiting fresh developments on the world cotton market after reports of further fall in New York cotton futures. ...
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Index hits new peak on heavy buying in energy scrips
KARACHI, April 6: Heavy buying in the energy sector featured the trading on the stock market on Tuesday where alternate bouts of buying and selling figured prominently in one of the briskly traded sessions during the current year. ...
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