| 23 June 2004 | Wednesday | 04 Jamadi-ul-Awwal 1425 |
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Donors want sell-off programme accelerated
ISLAMABAD, June 22: Major international donor agencies have asked the government to speed up its privatization programme, especially by dis investing power, transportation and insurance sectors. ... 
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Car makers seek five-year period to cut duty
KARACHI, June 22: The car assemblers in Pakistan have finally shifted their position on the automobile import and instead of demanding a blanket import ban are now asking for staggering duty reduction on car import over a period of next five year. ...
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$ crosses Rs58 mark in inter-bank market
KARACHI, June 22: The rupee on Tuesday finally fell below Rs58 against the US dollar on higher demand for dollars due to rising trade deficit and faster external debt payments by the government as well as corporates. ...
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SBP allows hotels to buy, sell foreign currencies
KARACHI, June 22: The State Bank has decided to allow three, four and five-star hotels to deal in foreign currencies initially for three years with certain restrictions. ...
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Wheat import from India ruled out
LAHORE, June 22: Confirming that tenders for the import of wheat would be called within next ten days, official sources have debunked reports of import of wheat from India to meet domestic needs. ...
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Directive to insurance companies
ISLAMABAD, June 22: Securities and Exchange Commission of Pakistan (SECP) has directed 14 insurance companies to submit their plans for raising their paid-up capital to Rs80 million for which the deadline is December 31, 2004. ...
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Pakistan, Singapore discuss free trade
ISLAMABAD, June 22: Singapore Prime Minister Goh Chok Tong said on Tuesday his country was keen to increase trade with Pakistan. Talking to Finance Minister Shaukat Aziz, who called on him in Islamabad ...
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Even 0.01pc CVT fails to satisfy brokers
KARACHI, June 22: Many brokers are still sore about the Capital Value Tax (CVT), which though reduced by 90 per cent to just 0.01 per cent is still seen as a tool in the hands of the government to extract more, whenever it chooses to do so. ...
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Balochistan budget today
QUETTA, June 22: Balochistan Finance Minister Syed Ehsan Shah will present the provincial budget for 2004-05 here on Wednesday. It will be a deficit and tax-free budget with a total outlay of around Rs43 billion, including Rs12 billion Annual Development Programme. ...
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Licence issued
KARACHI, June 22: The State Bank has given the first licence for setting up a mini exchange company or exchange company in B category to Karachi-based Money Masters Currency Exchange Co. The company would soon start operations. ...
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Cotton market lacks normal trading
KARACHI, June 22: Cotton market on Tuesday lacked normal trading interest as spinners and mills kept to the sidelines after having imported over 2m bales of the foreign stuff. ...
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Late selling again pushes index down by 23.43 points
KARACHI, June 22: Stocks on Tuesday maintained a bearish outlook, but stray flutters here and there signalled that selling offers are drying up and return of the bull market is not that far off, analysts said. ...
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