6.6pc GDP growth to help meet targets: Major initiatives taken in five areas - Shaukat
ISLAMABAD, June 13: Finance Minister Shaukat Aziz has identified five areas in which major initiatives have been taken in the budget 2004-05, but conceded that various concessions offered to a cross-section of society will have a negative impact on the economy.
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Senior citizens to get tax relief
ISLAMABAD, June 13: The government has proposed to reduce withholding tax on items prone to smuggling, raise the rate of tax on lotteries and winnings to 20 per cent, exempt the sick industries from paying the income tax and extend the facilities for amalgamation of financial institutions for yet another year.
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Relief measures to hit revenue target: CBR
ISLAMABAD, June 13: The government is unlikely to achieve the Rs580 billion revenue target set for 2004-05 because of various exemptions and reliefs announced for a cross-section of the people in the budget.
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Import duty on livestock, meat reduced
ISLAMABAD, June 13: The government has reduced customs duty on import of live animals and meat, as well as on import of wood. It has increased duty on dumper trucks and auto parts, and exempted hepatitis vaccines and items meant for disabled persons from import duty.
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Budget gives boost to agriculture
ISLAMABAD, June 13: The government has withdrawn with immediate effect the power of Zarai Taraqiati Bank Limited (ZTBL) to recover its dues as arrears of land, thus saving the farmers from going through the humiliation of arrest and imprisonment.
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8 linked to Al Qaeda arrested: ministers: Man with $1m reward on his head held
ISLAMABAD, June 13: Security agencies have arrested eight Al Qaeda terrorists involved in the recent incidents of terrorism in Karachi and Quetta, Information Minister Sheikh Rashid Ahmed and Interior Minister Makhdoom Syed Faisal Hayat told newsmen
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No let-up in Shakai fighting
WANA, June 13: Military helicopters continued to pound suspected hide-outs of foreign militants for the third day running on Sunday amid reports of no let-up in fighting in the remote Shakai tribal region.
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'UK holds indirect talks with Taliban'
LAHORE, June 13: The UK has started holding indirect talks with the Taliban to seek an "honourable" exit from Afghanistan, MMA secretary-general Maulana Fazlur Rahman, who is mediating between the two, told Dawn by phone here on Sunday.
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'Govt not doing enough about madressahs'
WASHINGTON, June 13: The Pakistani government has not followed through on pledges to regulate the madressahs, says a report published in the Washington Post on Sunday.
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Four hurt in attack on mly vehicle
BANNU, June 13: Four soldiers were wounded when a group of unidentified men fired a rocket at a military vehicle here on Sunday evening, officials said.
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Natwar wants broadening of ties with Pakistan
WASHINGTON, June 13: Indian Foreign Minister Natwar Singh has said that he is in favour of 'broadening and deepening' India's relations with Pakistan. Mr Singh, who was in Washington to attend President Reagan's funeral
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India tests Brahmos cruise missile
NEW DELHI, June 13: India successfully test-fired a Brahmos supersonic cruise missile on Sunday, marking the end of the experimental phase of the missile being jointly developed with Russia, a defence spokesman said.
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Extradited man being questioned in Mumbai
MUMBAI, June 13: Police here were questioning on Sunday an Indian man extradited from the United Arab Emirates where he was arrested for allegedly offering to sell nuclear secrets to Arab embassies.
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12 killed in Iraq suicide bombing
BAGHDAD, June 13: A suicide car bomber killed up to 12 Iraqis near a US-Iraqi base in Baghdad on Sunday and gunmen killed a senior Iraqi civil servant and a university professor in a new spate of assassinations.
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UK allows diplomatic staff to leave S. Arabia
LONDON, June 13: Britain said on Sunday it has authorised the voluntary departure from Saudi Arabia of non-essential British embassy staff and their families, a day after a US national was killed in the Gulf state.
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France earns last-gasp victory over England
LISBON, June 13: Zinedine Zidane scored twice in the final minutes to give reigning champions France a remarkable 2-1 victory over England in their Euro 2004 Group A match here on Sunday.
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