| 27 May 2004 | Thursday | 07 Rabi-us-Saani 1425 |
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Pakistan to seek Saudi help on oil imports
LAHORE, May 26: Pakistan will talk with Saudi Arabia on oil imports and has also authorized imports of wheat to try to dampen inflationary pressures from high commodity prices ... 
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Shaukat blames provinces for NFC stalemate
LAHORE, May 26: Finance Minister Shaukat Aziz on Wednesday sought to play down the demand of the provinces to increase their share in the divisible pool to 50 per cent ...
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Budget: promises and expectations
KARACHI, May 26: As the date of presentation of budget draws nearer, conflicting messages on the theme, the next fiscal year's budget may focus on, have started coming from Islamabad. ...
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Higher yield to make export loans dearer: Treasury bills
KARACHI, May 26: The State Bank on Wednesday increased the cut-off yield on six-month treasury bills by 39 basis points to 2.23 per cent. ...
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Norwegian company to invest $1bn: New mobile network
ISLAMABAD, May 26: Norwegian cellular company, Telenor Mobile Communications, promised on Wednesday to invest $1 billion in Pakistan in the next five to seven years as it and the UAE's Warid Telecommunications signed ...
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Govt may allow 100pc equity repatriation
ISLAMABAD, May 26: The Ministry of Privatization and Investment has accepted a proposal of the SBP to enhance foreign equity repatriation ceiling from 60 per cent to 100 per cent in the services sector with a view to further promoting foreign investment in the country. ...
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PDL removal: proposal surprises OMCs
KARACHI, May 26: Oil Marketing Companies (OMCs) and refinery operators were surprised to see the Board of Investment's proposal to the government of abolishing petroleum development levy (PDL) ...
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Reduction in GST on edible oil under study
ISLAMABAD, May 26: The government is considering a proposal to reduce general sales tax (GST) to 15 per cent from 20 per cent on import of palm oil and palm olein at the persistent demand of the vanaspati ghee manufacturers ...
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Panic-buying on cotton market
KARACHI, May 26: Cotton market on Wednesday witnessed a price flare-up followed by panic-buying by mills caused by predictions of further pressure on the ready supplies in the coming weeks. ...
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Bulls stage comeback in anticipation of tax reliefs
KARACHI, May 26: Stocks on Wednesday recovered from the previous lows under the lead of cement shares and some other blue chips in heavy trading aided by market talk of tax reliefs in the new budget. ...
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