| 20 May 2004 | Thursday | 29 Rabi-ul-Awwal 1425 |
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$85 million portfolio investment withdrawn: Profit-taking in April
KARACHI, May 19: Portfolio investment saw a net withdrawal of $85.8 million in April this year as most foreign investors booked profits in the booming stock market. ... 
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Flour millers want 50pc cash margin relaxed
KARACHI, May 19: A delegation of Pakistan Flour Mills Association is meeting the Governor of State Bank Dr Ishrat Hussain in Karachi on Thursday to plead for relaxing the 50 per cent cash margin on bank loan given to wheat traders. ...
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FDI rises to $760m during 10 months
KARACHI, May 19: Pakistan received $760.4 million foreign direct investment or FDI in ten months to April 2004 up from about $696 million in a year-ago period. The largest chunk of $201.9 million came from Switzerland. ...
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Site body seeks cut in sales tax to 5pc
KARACHI, May 19: Site Association of Industry has urged the government to reduce the rate of sales tax to five per cent from 15 per cent besides bringing the income tax on all categories of tax payers to a minimum of 10 per cent. ...
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Mineral sector to get major tax incentives
ISLAMABAD, May 19: The government has decided to bring mineral sector on a par with oil and gas sector to facilitate large investments with effect from forthcoming fiscal year by granting it a number of tax incentives. ...
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Leather exports up 6.48pc in 9 months
KARACHI, May 19: Leather exports increased by 6.48 per cent to $546 million during the first nine months (July-March) of this fiscal year as compared to $513 million the same period last year. ...
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Seven EoIs received for Kapco offering
ISLAMABAD, May 19: The Privatization Commission (PC) has received seven Expressions of Interest (EOIs) from its panel of lead managers for the IPO of Kot Adu Power Company limited (KAPCO). ...
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KSE seeks comments from acquirer
KARACHI, May 19: Taking a swift action, the front-line regulator - the Karachi Stock Exchange - has sought comments from Dewan Mushtaq Group on the group's agreement to purchase substantial shares in two listed entities: ...
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Rs40m refund claims cleared
KARACHI, May 19: The Southern Region of Income Tax, Karachi has disbursed over Rs40 million towards refund claims during last seven months (Oct to April), official sources said on Wednesday. ...
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$13.5 billion export target likely
ISLAMABAD, May 19: The government is likely to set next year's export target at around $13.5 billion, anticipating an increase of 11.57 per cent over the target of the current fiscal year. ...
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Spinners and ginners locked in price war
KARACHI, May 19: The cotton market on Wednesday showed firm trend as spinners and ginners remained locked in a price war in the backdrop of a considerable decline in size of the crop. ...
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OGDC, PTCL, Hubco lead recovery on stock market
KARACHI, May 19: Stocks on Wednesday were back on the rails as investors covered positions at the lower levels after the return of sanity to the neighbouring markets and perception of continuation of peace moves by the new Indian government. ...
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