| 17 June 2004 | Thursday | 28 Rabi-us-Saani 1425 |
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Development outlay for Sindh put at Rs20.8bn
KARACHI, June 16: Sindh has set total development outlay for 2004-05 at Rs20.805 billion, which is about 66 per cent higher over the current year's estimates of Rs12.757 billion. ... 
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CBR sets up task force to recover sales tax
ISLAMABAD, June 16: The Central Board of Revenue (CBR) has decided to constitute a task force in each collectorate for speedy recovery of sales tax from the non-filers across the country. ...
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Anti-money laundering measures introduced
KARACHI, June 16: The State Bank on Wednesday introduced a set of amendments in existing anti money laundering measures and also laid down samples of suspicious transactions. ...
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Expats send $3.47bn during 11 months
KARACHI, June 16: Expatriate Pakistanis sent back home $3.473 billion in eleven months to May 2004, according to data released by the State Bank on Wednesday. In a year-ago period they had sent $3.704 billion. ...
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Revised fertilizer policy by month-end
ISLAMABAD, June 16: The government has decided to introduce a revised fertilizer policy before the end of this month to provide the cheapest gas to the fertilizer plants from dedicated gas fields, Dawn has learnt. ...
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SBP sucks in Rs55.7bn from inter-bank
KARACHI, June 16: The State Bank on Wednesday mopped up Rs55.7 billion from a highly liquid inter-bank market for one week at an open market operation held for this purpose. ...
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0.01pc IT in lieu of CVT proposed
ISLAMABAD, June 16: The representatives of the three stock exchanges have proposed to the government to levy 0.01 per cent income tax on purchase and sales of shares in lieu of the proposed levy of 0.1 per cent Capital Value Tax on the shares. ...
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Award to encourage healthy competition
KARACHI, June 16: Dr Tariq Hassan, the chairman, Securities and Exchange Commission of Pakistan (SECP), on Wednesday said that initiative taken by the Pakistan Society of Investment Professionals (PSIP) ...
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Pakistan Steel earns Rs6bn profit: MoU with TI signed
KARACHI, June 16: Pakistan Steel (PS) earned a net profit of over Rs6 billion in 2003-04, which is 500 per cent higher than the budgeted profit of Rs1 billion. ...
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Banks can finance LCVs for personal use
KARACHI, June 16: The State Bank has told banks and DFIs or development finance institutions under Prudential Regulations for consumer financing they can now finance light commercial vehicles also used for personal purposes. ...
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No buying activity on cotton market
KARACHI, June 16: Physical activity on the cotton market on Wednesday fell to a low ebb as spinners and mills remained busy in assessing the impact of limit-fall in New York cotton futures on the local lint. ...
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Index loses 13 points as debate on CVT continues
KARACHI, June 16: Share market on Wednesday lacked normal trading interest as investors were in two minds about an early settlement of the Capital Value Tax issue despite positive feelers from the relevant quarters. ...
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