| 25 June 2004 | Friday | 06 Jamadi-ul-Awwal 1425 |
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FDI up by 21pc to $903m in 11 months
KARACHI, June 24: Pakistan received about $903 million foreign direct investment or FDI in eleven months to May 2004, up $158 million or 21 per cent, from $745 million it had secured in a year-ago period. ... 
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75pc Balochistan ADP remains unutilized
QUETTA, June 24: The Balochistan Government could utilize only 25 per cent of the development funds allocated under the annual development plan (ADP) during current financial year. ...
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CBR, stock exchanges to work out modalities: Tax collection
KARACHI, June 24: Member (Tax Policy & Reforms), Mr MS Lal has invited the Managing Directors (CEOs) of the three stock exchanges for a meeting in Islamabad on Monday, June 28. The discussion is likely to centre on modalities for payment and collection of taxes by the stock exchanges. ...
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Export finance scheme
KARACHI, June 24: Banks shall continue to avail export refinance from the State Bank and the SBP Banking Services Corporation against overall limits sanctioned in banks' favour for 2003-04, till finalization of new limits for 2004-05. ...
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Relief in gas supply to be extended: Fertilizer units
ISLAMABAD, June 24: Industries and Production Minister Liaquat Ali Jatoi has assured fertilizer manufacturers that a five-year period for concessional gas supply for balancing, modernization, ...
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ZTBL recovers Rs37bn
ISLAMABAD, June 24: Zarai Taraqiati Bank Limited (ZTBL) recovered a record amount of Rs37 billion as against Rs30 billion disbursed as agricultural credit during 2003-04. ...
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Bourses clear PPL public offering
ISLAMABAD, June 24: All the three stock exchanges of Pakistan have cleared the Initial Public Offer (IPO) for sale of 15 per cent shares of Pakistan Petroleum Limited (PPL) held by the government. ...
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NTC to probe dumping of PVC resin
ISLAMABAD, June 24: The National Tariff Commission will initiate an anti-dumping investigation against exporters/producers of PVC resin (suspension grade) from South Korea and Iran, according to a decision announced here on Thursday. ...
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FPCCI team, CBR chief discuss anomalies
KARACHI, June 24: Central Board of Revenue Chairman Abdullah Yousuf has constituted a Dispute Resolution Committee at all departments and wings at the CBR in which a representative of the FPCCI and private sector will be a member. ...
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Joint ventures in textile stressed
KARACHI, June 24: Bangladesh's Deputy High Commissioner Abdul Hannan suggested Pakistan and his country for creating complementarity in the textile sector by setting up joint ventures to minimize the cost of production. ...
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Trading remains sluggish on cotton market
KARACHI, June 24: Cotton market passed through another sluggish trading session as spinners were not inclined to make larger commitments anticipating fall in the ginner asking prices. ...
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Stocks recover 62.16 points
KARACHI, June 24: Stocks on Thursday were back on the rails after having gone through a technical correction as investors covered positions at lower levels in a terribly oversold market. ...
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