| 01 June 2004 | Tuesday | 12 Rabi-us-Saani 1425 |
|
SBP raises export refinance rate
KARACHI, May 31: All banks will charge a maximum markup of 3.5 per cent on export financing in June instead of 3 per cent as the State Bank has raised its export refinance rate from 1.5 per cent to 2 per cent after 10 months. ... 
|
|
Govt asked to retain only three taxes
ISLAMABAD, May 31: The federal government has been proposed to retain only three major taxes and abolish all other provincial taxes and their related departments in order to promote local and foreign investment. ...
|
|
||
|
Pakistan rehires services of Swiss firm: Valuation/certification
ISLAMABAD, May 31: Pakistan has rehired the services of Societe Generale de Surveillance SA (SGS) "to benefit from the Swiss firm's newly developed comprehensive valuation, certification and support service called the SGS Valu Net." ...
|
|
Islamic bank's affairs come under probe: Financial losses
KARACHI, May 31: The Securities and Exchange Commission of Pakistan is understood to have mounted investigations into the affairs of Islamic Investment Bank Limited - the largest investment bank in Pakistan in terms of deposits. ...
|
|
|
||
|
Budget delayed to reach consensus on NFC Award
ISLAMABAD, May 31: Finance Minister Shaukat Aziz on Monday said the announcement of the federal budget 2004-05 was delayed till June 12 with the hope to forge consensus with provinces on the Sixth National Finance Commission (NFC) Award. ...
|
|
Revenue collection falls short of target
ISLAMABAD, May 31: The Central Board of Revenue collected Rs434.7 billion during 11 months of the current financial year against the target of Rs440.7 billion, showing a marginal decrease of 1.36 per cent. ...
|
|
|
||
|
Different definitions hurting SMEs sector
KARACHI, May 31: Seven government institutions directly linked with the development and working of small and medium enterprises maintain different definitions for SMEs. ...
|
|
Rupee sheds 24 paisa in May
KARACHI, May 31: The rupee shed 24 paisa to a US dollar in the inter-bank market in May 2004 because of increased government and corporate sector external debt payments and higher dollar buying by importers. ...
|
|
|
||
|
Ginners not ready to lower asking prices
KARACHI, May 31: Trading on the cotton market on Monday resumed on a firm note as ginners were not inclined to lower their asking prices, anticipating further increase before the new crop from the lower Sindh cotton belt arrives. ...
|
|
Stocks decline modestly on late short-covering
KARACHI, May 31: Stocks on Monday finished well above the day's lows on late short-covering at the lower levels followed by reports of a relative clam in the city after the assassination of a prominent religious scholar ...
|
|
|
||
