| 15 June 2004 | Tuesday | 26 Rabi-us-Saani 1425 |
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KSE greets Capital Value Tax with anger
KARACHI, June 14: The government's proposal to levy Capital Value Tax (CVT) on purchase of shares was greeted, on Monday, with strong condemnation from almost every stock broker, trader and his agent at the Karachi Stock Exchange. ... 
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'Budget measures to accelerate growth'
KARACHI, June 14: Business leaders have termed the budget 2004-05 investment, growth and export-oriented that will accelerate industrial growth and create job opportunities. ...
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Deposits in NSS drop to Rs5.7bn
ISLAMABAD, June 14: The national savings schemes lost Rs69.3 billion through withdrawals and decline in new investment during the first nine months of 2003-04 as deposits in the schemes dropped to Rs5.7 billion as against Rs74 billion deposited during July-march 2002-03. ...
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Sindh works out strategy to distribute funds
KARACHI, June 14: The Provincial Finance Commission of Sindh on Monday worked out a strategy for distribution of funds between the province and the districts in the next fiscal year. ...
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Budget marks shift toward growth: S&P
ISLAMABAD, June 14: Pakistan's annual budget, presented at the weekend, marked a shift in fiscal policy toward growth and away from narrowing the deficit, international credit rating agency Standard & Poor's said on Monday. ...
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Containing inflation not an easy task
KARACHI, June 14: The 2004-05 budget seeks to give boost to investment and economic growth. But the government and the State Bank will have to show a greater degree of fiscal and monetary prudence ...
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Duty cut: govt silent on make, model of cars
KARACHI, June 14: The government's decision to cut import duty on completely built up (CBU) cars by 25-55 per cent has created a lot of confusion as the government has not announced any policy guideline on makes and models of new cars. ...
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Pakistan for South-South cooperation: Trade and finance
ISLAMABAD, June 14: Privatization and Investment Minister Dr Abdul Hafeez Shaikh while addressing the special ministerial meeting of G-77 and China in Sau Paulo (Brazil) emphasised the need for strengthening South-South cooperation in trade ...
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Cheerless conditions on cotton market
KARACHI, June 14: The post-budget session on the cotton market on Monday was cheerless as buyers and sellers kept to the sidelines apparently having fuller view of the fiscal measures before resuming normal trading. ...
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CVT triggers panic-selling on stock market
KARACHI, June 14: Stocks on Monday crashed on panic selling triggered by the imposition of 0.1 per cent Capital Value Tax (CVT) on the purchase of shares by investors in the next year's federal budget ...
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