| 22 May 2004 | Saturday | 02 Rabi-us-Saani 1425 |
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Corporates flex muscles to take over Adamjee
KARACHI, May 21: Market is showing great deal of interest in the Annual General Meeting (AGM) of Adamjee Insurance Company Limited scheduled to be held on May 29, at which 9 of the 19 contesting persons would be elected as directors to the Board. ... 
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Five new MTUs from July 1
ISLAMABAD, May 21: The government has decided to set up five Medium Taxpayers Units (MTUs) based on functional specialization and automation to be in operation from July 1, 2004. ...
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Centre slow in releasing funds for Sindh
KARACHI, May 21: The Sindh government has questioned the sincerity of the federal government in honouring the directives of the President and the Prime Minister while preparing the tentative public sector development programme (PSDP) ...
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SBP looking for ways to clear Parco debt
KARACHI, May 21: Pak-Arab Refinery Company (Parco) is confident that its planned pre-payment of $355 million foreign loan next month will be through smoothly without making an adverse impact on exchange rates. ...
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Reduction in farm loan rates sought
KARACHI, May 21: The Sindh Chamber of Agriculture wants Zarai Tariqiati Bank (ZTBL) to charge 5 to 6 per cent on loans as being charged by other commercial banks on non farming loans. ...
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Duty-relief for textile-related items on cards
ISLAMABAD, May 21: The government is expected to reduce tariff and sales tax rates on as many as 45 textile-related items in the federal budget, Dawn has learnt. ...
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20pc cut in duty on auto parts demanded
KARACHI, May 21: Motorcycle Spare Parts Importers and Dealers Association (MSPIDA) chairman Abdul Wahid Shaikh has urged the government to cut 20 per cent import duty on spare parts in order to discourage smuggling in the country. ...
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Liaquat assures to rationalize duties
ISLAMABAD, May 21: Federal Minister for Industries and Production Liaquat Ali Jatoi on Friday assured the textile industry that the recommendations of the stakeholders on tariff rationalization will be taken up ...
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PLGMEA for steps to reduce input cost
KARACHI, May 21: Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) has urged the government to frame such policies in the forthcoming budget which could help Pakistani products to compete effectively in the world market. ...
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Core group on effluent treatment plants
ISLAMABAD, May 21: Commerce Minister Humayun Akhtar Khan has constituted a core group of senior officials to expedite work on effluent treatment plants in various industrial areas. ...
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Active buying on cotton market
KARACHI, May 21: Active trading was witnessed on the cotton market on Friday as a leading spinner group tried to grab the floating stock below Rs3,200 per maund. ...
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Stocks again cross 5,500-point psychological barrier
KARACHI, May 21: Stocks on Friday maintained their recovery drive for the third session in a row as investors continued to build up long positions on selected counters ahead of the budget in anticipation of fiscal incentives and tax reliefs. ...
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