| 20 June 2004 | Sunday | 01 Jamadi-ul-Awwal 1425 |
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WB sees Rs150bn losses in four years: Public sector units
ISLAMABAD, June 19: The World Bank estimates Rs150 billion total losses of the public sector enterprises during 2004-07 due to continued mismanagement and slow reform process. ... 
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ZTBL rendered toothless
LAHORE, June 19: While the State Bank and the federal ministry of finance are hoping to enhance agri-sector credit, the government's decision to withdraw some of the powers exercised for the recovery of outstanding loans by the Zarai Tarraqiati Bank Ltd ...
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SRO 410 may be extended till Dec
ISLAMABAD, June 19: The government is likely to extend the temporary importation scheme allowed under SRO 410 till December 2004 on the persistent demand of importers, well-placed sources said on Saturday. ...
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The outlook for the economy
KARACHI, June 19: Whereas the market has generally responded positively to the budget proposals, barring the levy of capital value tax, it does not fully share the official optimism on the pace of economic growth. ...
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Duty cut slashes prices of essential goods
KARACHI, June 19: Widespread downward movement in prices of essential consumers goods have started following duty cut and reduction in withholding tax at import stage announced on June 12 ...
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KCCI president term cut to one year
KARACHI, June 19: The extraordinary general body meeting of the Karachi Chamber of Commerce and Industry (KCCI) has finally reduced the presidential term to one year from two-year. ...
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NOCs issued to nine mini exchange companies
KARACHI, June 19: The State Bank of Pakistan (SBP) has so far issued No Objection Certificates (NOCs) to nine mini exchange companies or exchange companies in category B. ...
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Amended tax remission scheme by month-end
ISLAMABAD, June 19: The Central Board of Revenue (CBR) will notify the amended Duty and Tax Remission for Export (DTRE) scheme by end of the current month for attracting more business men to avail the facility of no-duty and no-drawback from the next financial year. ...
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Rules updated
ISLAMABAD, June 19: The Central Board of Revenue (CBR) has consolidated and updated different rules and special procedures into a single SRO as the Sales Tax Special Procedures (STSP) 2004. ...
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Badla rates rise sharply to 14.1pc
KARACHI, June 19: After ruling within a single-digit for the last couple of weeks, carryover rates during the last week soared to 14.1 per cent from the previous 7.4 per cent, showing an increase of 670 basis points. ...
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PICIC's housing finance scheme
KARACHI, June 19: Pakistan Industrial Credit and Investment Corporation (PICIC) on Saturday launched a housing finance scheme "Apnay Ghar Ka Khawab". ...
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Central registration office planned
ISLAMABAD, June 19: The government has decided to establish a central registration office (CRO) under the aegis of Central Board of Revenue (CBR) for the speedy registration and de- registration of persons across the country. ...
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Criteria for SME
KARACHI, June 19: The Union of Small and Medium Enterprises (Unisame) has suggested to the government to make address, bank account and National Tax Number (NTN) a must for small and medium enterprises (SME). ...
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Cotton prices fall sharply
KARACHI, June 19: Cotton prices on Saturday eased from the recent peak levels by Rs50 to Rs100 per maund in the absence of demand from the mills and spinners. ...
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