S. Arabia declines to revive oil facility
ISLAMABAD, June 10: Saudi Arabia has expressed its inability to revive the $550 million annual "Saudi oil facility" for Pakistan because of increasing financial difficulties.
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Manufacturers have no plans to cut car prices
ISLAMABAD, June 10: The automobile industry has no plans to cut prices of local vehicles in the foreseeable future but it wants the government to maintain in the next budget
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Exporters to increase foreign currency borrowing
KARACHI, June 10: An increase of half a percentage point in the export finance rate from this month will boost export borrowing in foreign currency.
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Security conditions hurting exports: US, European markets
LAHORE, June 10: Knitwear exporters, struggling for survival in the wake of plunging unit prices of their products in the US and Europe, are trying hard to comply with the security requirements of buyers before the abolition of quotas from Jan 1 next year.
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Govt mulling GST on 6-15 new services
ISLAMABAD, June 10: The tax authorities have proposed to the government to bring in 6 to 15 new services under the General Sales Tax (GST) net from the next financial year.
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Economic Survey today
ISLAMABAD, June 10: Finance Minister Shaukat Aziz will launch the Economic Survey for the fiscal year 2003-04 at a press conference here on Friday....
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Notices for IT audit irk traders
KARACHI, June 10: Small traders appear worried over the Income Tax Department's another move. The department has issued notices to traders to submit certain information/documents for conducting audit of income tax for the year 2003.
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Edible oil units favour existing tariff structure
ISLAMABAD, June 10: All the parties involved in the edible oil industry in a public hearing held by the National Tariff Commission decided in favour of continuation
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Govt urged to curtail cost of business
KARACHI, June 10: The Karachi Chamber of Commerce and Industry has urged the government to try to contain or curtail the cost of doing business in Pakistan that continues to be the highest in the region.
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Spinners, mills resume covering purchases
KARACHI, June 10: Steady conditions were witnessed on the cotton market on Thursday as leading spinners and mills resumed their covering purchases against forward sales of cotton yarn.
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