| 18 June 2004 | Friday | 29 Rabi-us-Saani 1425 |
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Punjab allocates Rs43.44bn for ADP
LAHORE, June 17: Punjab finance minister Husnain Bahadur Dreshak has put Annual Development Plan (ADP) for 2004-05 at Rs 43.44 billion. It is 42 per cent higher than the current year's ADP of Rs30.50 billion. ... 
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Loan swap to save Rs10bn to Punjab
LAHORE, June 17: The Punjab government's plan to swap its expensive cash development loan (CDL) stock with low-priced loans obtained from the international donors will result in a saving of Rs10 billion through reduced debt servicing costs each year from 2008. ...
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SPI inflation rises by 12pc
KARACHI, June 17: For households with monthly income of Rs3,000 or less inflation measured by Sensitive Price Index or SPI shot up by 12.75 per cent year-on-year during the week ending on June 10. ...
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Provinces seek loan from market for swap
KARACHI, June 17: All the provinces including Sindh are asking the federal government to allow them to seek loan from market at relatively low rate of interest for a swap with high interest loans secured from Islamabad. ...
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Govt serious about reducing business cost: Industrial policy
ISLAMABAD, June 17: The new National Industrial Policy, currently being finalized, is focusing on providing "low cost and affordable infrastructure facilities" to the private investor to promote local and foreign investment in the country. ...
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Govt agrees to reduce CVT to 0.01pc
ISLAMABAD, June 17 : The government has agreed to reduce the rate of capital value tax (CVT) from 0.1 per cent announced by the finance minister in his budget speech to 0.01 per cent, Dawn has learnt. ...
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Removal of ST on ginned cotton opposed
KARACHI, June 17: The textile ancillary industry has criticized the government for allowing sales tax exemption on ginned cotton. The value added textile industry feels that the withdrawal negates the very principle of level playing field for all sectors. ...
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Banks support margin trading
KARACHI, June 17: Leading commercial banks and financial institutions in Pakistan have extended their full support for the development of a margin trading mechanism in the country, a press release issued by the SECP, quoted the chairman, SECP Dr.Tariq Hassan as saying. ...
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Manufacturing sector to grow by 10.2pc
ISLAMABAD, June 17: The government has projected the manufacturing sector to grow by 10.2 per cent, monetary expansion at 11.2 per cent and rate of inflation is estimated to rise to five per cent during the year 2004-05. ...
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EPZ units export
ISLAMABAD, June 17: The government has allowed Export Processing Zone (EPZ) units to export not more than 20 per cent of their total production to tariff areas in Pakistan. ...
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Static conditions on cotton market
KARACHI, June 17: Trading activity on the cotton market remained at a low ebb for the second consecutive session on Thursday as spinners and ginners watched the virtual slaughter of the New York cotton ...
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Bearish spell continues on stock market
KARACHI, June 17: Stocks on Thursday remained under pressure as investors were not inclined to take long positions on any of the counters apparently awaiting positive outcome of Islamabad parleys on the Capital Value Tax (CVT) issue. ...
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