Decision on gas pipeline project by December
ISLAMABAD, May 14: Pakistan plans to inform Iran, Qatar and Turkmenistan by December this year as to which pipeline project it wanted to develop first for import of natural gas, Dawn has learnt.
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CED on five items may go
ISLAMABAD, May 14: The government is likely to abolish Central Excise Duty (CED) on five out of total 11 items from the financial year of 2004-05.
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Strike affects 70-80pc industrial activities
KARACHI, May 14: Around 70-80 per cent of the industrial and business activities in the four main industrial areas of the city were affected by strike call on Friday.
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Curtailment of tax collectors' powers sought
KARACHI, May 14: The All Pakistan Tax Bar Association (APTBA) has sought end to discretionary powers of tax collectors for building better image of the revenue department.
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Demand for cash in right issue on rise
KARACHI, May 14: Seizing the opportunity of an unprecedented bull run at the stock market, increasing number of companies are asking shareholders for cash in right issues.
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Meeting on cotton output today
MULTAN, May 14: A meeting to envisage strategy for cotton production and quality improvement is scheduled to be held here on Saturday with Minister of State for Agriculture Sikander Hayat Bosan in the chair.
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Habib Bank employees seek 10pc shares
KARACHI, May 14: Habib Bank Employees Federation of Pakistan says 10 per cent of HBL shares should be allotted on face value to its employees. It says this will eliminate unrest among employees of privatized HBL.
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SBP designs new loan scheme for SMEs
KARACHI, May 14: The State Bank of Pakistan has designed a new long-term loaning scheme for small and medium enterprises to facilitate purchase or import of machinery against bank loan
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Overdue export proceeds
KARACHI, May 14: The Export Advisory Committee of the State Bank has decided to close those cases of overdue export proceeds wherein the importers' companies have been liquidated.
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Overseas Pakistanis investment sought
LONDON, May 14: Privatization Minister Dr Abdul Hafeez Shaikh has said the government can guide overseas Pakistanis in starting business in the country.
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Pakistan, Tajikistan trade volume to increase
ISLAMABAD, May 14: The successful implementation of the convention for the avoidance of double taxation and prevention of fiscal evasion would increase the volume of trade between Pakistan and Tajikistan.
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Spinners, mills resume covering operations
KARACHI, May 14: The cotton market on Friday consolidated overnight gains as spinners and mills resumed their covering operations against their forward sales of cotton yarn.
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KSE 100-share index recovers another 56.19 points
KARACHI, May 14: Stocks on Friday finished with an extended gain as follow-up support figured prominently on selected counters at the lower levels amid an actively traded session.
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Indian capital market plunges
NEW DELHI, May 14: Indian bourses on Friday registered a massive fall of a whopping 330 points at the Bombay Stock Exchange over fears that the communist-led Left Front
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