| 27 April 2004 | Tuesday | 06 Rabi-ul-Awwal 1425 |
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Incentives ensure high return on investment: PM address to HK traders
HONG KONG, April 26: Prime Minister Mir Zafarullah Khan Jamali on Monday invited businessmen from Hong Kong to invest in Pakistan, saying with its lucrative incentives ... 
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Contract to be signed in six months: PS expansion
LAHORE, April 26: The contract for expansion of the Pakistan Steel production capacity from one million tons per annum to three million tons per annum costing $1 billion would be signed within next six months. ...
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Banks asked to give more details on write-offs
KARACHI, April 26: The State Bank has asked all the banks and development finance institutions or DFIs to provide additional information regarding write-off of irrecoverable loans under a tailor-made scheme. ...
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Amendment procedure needs to be improved: Income tax laws
KARACHI, April 26: In civilized societies proposed amendments in the tax laws are made public at least six months before promulgation so that they could be debated in the general public and by the legislators. ...
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Consumers oppose SSGC plea for tariff hike
KARACHI, April 26: The Sui Southern Gas Company came under a lot of criticism on Monday at a public hearing where consumers forcefully opposed a rise in tariff. ...
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Reforms strengthen stock market
KARACHI, April 26: The effects of economic turnaround in Pakistan's economy on the country's capital market were highlighted at the two-week Capital Market Programme at Washington DC ...
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Islamabad Chamber seeks tax exemption: Imported inputs
ISLAMABAD, April 26: The Islamabad Chambers of Commerce and Industry (ICCI) has proposed to the government to exempt all imported inputs used in export items from payment of local levies and taxes. ...
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Oil prices shoot up on supply fears
LONDON, April 26: Oil prices gushed higher on Monday as traders reacted nervously to news of attempted suicide boat attacks on Iraq's main southern oil terminals which choked off exports briefly. ...
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Major acquisition in pharma sector
PARIS, April 26: Sanofi-Synthelabo of France announced on Monday the forthcoming birth of the world's third-largest pharmaceuticals group with a better bid for its French-German rival Aventis, in line with French wishes but to the dismay of German unions. ...
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Russia needs a higher level of investment
MOSCOW, April 26: The level of investment in Russia is too low, representing only 20 per cent of gross domestic product, World Bank economist Hans Timmer said here on Monday. ...
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Momentum picks up on cotton market
KARACHI, April 26: Trading on the cotton market on Monday resumed on a higher note as spinners and mills made fresh covering purchases against their forward sales of cotton yarn and cloth. ...
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Stocks turn mixed as investors play on both sides
KARACHI, April 26: Stocks on Monday turned mixed as investors played on both sides of the market ahead of board meetings of some leading companies including PSO and OGDC ...
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