| 30 May 2004 | Sunday | 10 Rabi-us-Saani 1425 |
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Workers' huge funds go down the drain
KARACHI, May 29: Hundreds of corporates are paying billions of rupees each year to the ministry of labour on account of Workers Profit Participation Fund (WPPF) and Workers Welfare Fund (WWF), which if employed judiciously ... 
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Govt may not allow used cars import: Cut in CBUs, CKD duties likely
KARACHI, May 29: Local assemblers and used car dealers have set their eyes on the 2004-05 budget in which the government may announce its decision on issues like liberalization of used car imports ...
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NEC to finalize PSDP on June 1
KARACHI, May 29: The Sindh government did not receive any working paper and other documents of the National Economic Council (NEC) by Saturday late afternoon. ...
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Poorer people hit harder by inflation
KARACHI, May 29: Sensitive Price Index or SPI is showing much higher inflation than indicated by Consumer Price Index or CPI. The difference between the two inflation numbers is set to reach a historic high during this fiscal year. ...
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Reaping harvest from human skills
KARACHI, May 29 The national budget 2004-2005 may come out with a skill development policy to improve labour productivity, which, many consider, is among the lowest in the region and discourages investment. ...
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Wealth statement condition may go
ISLAMABAD, May 29: The government is considering a proposal in consultation with stakeholders to do away with the condition of giving wealth statement with the income tax return from the next tax year. ...
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SBP revises criteria for grouping of bank clients
KARACHI, May 29: The State Bank has revised the criteria for grouping of borrowers for the purpose of reporting in the Credit Information Bureau (CIB). ...
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Rs1.21bn offered for Faletti's Hotel
ISLAMABAD, May 29: The Privatization Commission has received the highest offer of Rs1.21 billion from M/s 4B Marketing for the sale of Faletti's Hotel, Lahore. ...
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PIAC plans roadshows in 3 cities: 10pc share offering
ISLAMABAD, May 29: The Privatization Commission will hold on Monday the first roadshow in Lahore as a part of the planned series of such market presentations to induce prospective investors to buy 10 per cent shares of Pakistan International Airlines Corporation (PIAC) ...
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SPI declines slightly
ISLAMABAD, May 29: The Sensitive Price Indicator showed a slight decline of 0.02 per cent during the week ending May 27 as compared to the previous week, says the weekly price review released by the Federal Bureau of Statistics here on Saturday. ...
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Govt 'reluctant' to expand tax net
ISLAMABAD, May 29: The tax authorities are reportedly reluctant to comply with the recommendations of the IMF that more items be brought under the net of 15 per cent general sales tax (GST) from the next financial year. ...
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Ogra criticized for gas tariff hike
KARACHI, May 29: The Site Association of Industry (SAI) has flayed the decision of Oil and Gas Regulatory Authority (Ogra) for allowing an average increase of Rs10.23 per mmbtu to Sui Southern Gas Company (SSGC) in its tariffs from July 1. ...
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Tax holiday for poultry industry sought
ISLAMABAD, May 29: The Rawalpindi Chambers of Commerce and Industry (RCCI) has proposed to the government to announce at least five years income tax exemptions for the poultry industry for its revival on war footing manner. ...
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Firm conditions on cotton market
KARACHI, May 29: Cotton market finished the weekend session on a firm note as spinners and mills were not inclined to take a technical breather fearing further increase in prices. ...
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