| 03 June 2004 | Thursday | 14 Rabi-us-Saani 1425 |
|
Karachi suffers Rs1bn loss in a day: Law and order
KARACHI, June 2: A working day lost by the poor law and order situation, strikes, violence and disturbance in Karachi inflicts an economic loss of over one billion rupees, including over Rs150 million in indirect tax revenue. ... 
|
|
SECP-CBR task force to review tax structure
ISLAMABAD, June 2: The Securities and Exchange Commission of Pakistan and the Central Board of Revenue will set up a joint task force to review the tax structure from the angle of corporate sector development after the budget. ...
|
|
||
|
Parco makes rupee-dollar swap with banks
KARACHI, June 2: Pak-Arab Refinery Company (Parco) is entering into a rupee-dollar swap with a consortium of five banks on Thursday to repay a $355 million foreign loan ahead of schedule. ...
|
|
Budget deficit rises in Jan-March period
KARACHI, June 2: Budget deficit that had sunk to 0.8 per cent of GDP during the first half of this fiscal year shot up to 1.6 per cent in the third quarter ending in March 2004. ...
|
|
|
||
|
Oil prices ease as Opec set to boost output
LONDON, June 2: Red-hot oil prices cooled slightly on Wednesday after Opec kingpin Saudi Arabia promised to boost output to bring down record high prices, though traders remained sceptical of its chances of success. ...
|
|
Modalities for wheat import discussed
ISLAMABAD, June 2: Finance Minister Shaukat Aziz on Wednesday submitted recommendations for wheat import to Prime Minister Mir Zafarullah Khan Jamali. ...
|
|
|
||
|
EOBI recovers Rs82.835m embezzled money
KARACHI, June 2: The Employees Old-Age Benefits Institution (EOBI) has recovered Rs82.835 million by disposing of various properties acquired through the NAB against the embezzlements made by the former head of the EOBI ...
|
|
Deal signed to customize software
ISLAMABAD, June 2: The Central Board of Revenue on Wednesday signed a contract with PWC Logistic Group of Kuwait to customize software as required by Pakistan's customs for speedy clearance of consignments. ...
|
|
|
||
|
Jatoi seeks UAE investment
ISLAMABAD, June 2: Minister for Industries and Production, Liaqat Ali Jatoi on Wednesday said foreign investors in Pakistan are allowed to hold 100 per cent equity and enjoy tax concessions. ...
|
|
Govt to review CED rate on cement
ISLAMABAD, June 2: The government is considering a proposal to review the rate of central excise duty (CED) on the cement in the upcoming budget of 2004-05. ...
|
|
|
||
|
Cotton market lacks lustre
KARACHI, June 2: Cotton market on Wednesday lacked normal trading interest as spinners were more worried over the law and order situation in the city rather than the supply position and asking prices by the ginners. ...
|
|
Heavy buying in cement shares leads to recovery on KSE
KARACHI, June 2: Stocks on Wednesday staged a snap recovery despite tense city situation boosted by heavy buying in cement shares amid hopes of rising export prospects to Dubai. The KSE 100-share index rose by 8.27 points at 5,461.84. ...
|
|
|
||
