| 13 July 2004 | Tuesday | 24 Jamadi-ul-Awwal 1425 |
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Inflation soars to 8.45pc in June: Up 4.57pc in 2003-04
KARACHI, July 12: Inflation measured by Consumer Price Index or CPI showed 8.45 per cent increase in June 2004 over June 2003. But in full fiscal year July-June 2003-04, CPI inflation rose by 4.57 per cent over 2002-03 against the initial target of 3.9 per cent. ... 
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Duty in dollar makes car import 'unfeasible'
KARACHI, July 12: The government's decision to fix the import duty on new 800cc to above 1,800cc cars in dollar terms has rendered import of a new cars unfeasible. ...
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Income Tax Rules 2002 amended
ISLAMABAD, July 12: The Central Board of Revenue (CBR) has made further amendments in the Income Tax Rules 2002 for deduction of income tax from salaried class. The amendments were notified through the income tax notification SRO590 issued on Monday. ...
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Hubco makes $45m debt payment
KARACHI, July 12: Hub Power Company (Hubco) made $45 million debt payment to international creditors on Monday. Four banks made the payment on behalf of Hubco. The private power company makes external debt payment every six months. ...
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Cotton target set at 10.72m bales
KARACHI, July 12: The world cotton production this season (2004-05) is projected to reach a record level of 102 million bales as against 93.57 million bales produced in 2003-04, thereby showing an increase of nine per cent. ...
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State Bank mops up Rs50.5bn
KARACHI, July 12: The State Bank on Monday mopped up over Rs50 billion from an excessively liquid inter-bank money market to set the stage for the auction of six-month treasury bills next week. ...
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Trade talks with Mauritius today
ISLAMABAD, July 12: Pakistan will seek more market access for its products to Mauritius to increase the volume of trade between the two countries. ...
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LDI licence granted to local company
ISLAMABAD, July 12: The Pakistan Telecommunication Authority (PTA) on Monday granted first Long Distance International (LDI) licence to a Pakistani firm, Callmate Telips Telecommunication Ltd as part of ongoing deregulation of telecom sector. ...
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Premier Fund declares 25pc bonus
KARACHI, July 12: Pakistan Premier Fund (PPF), a closed-end fund, managed by Arif Habib Investments, has declared a bonus of 25 per cent (one share for every four shares held) for the year ended June 2004. ...
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Kazakhstan to invest in pension funds
KARACHI, July 12: Kazakhstan is looking to invest pension accumulations of $27 billion, said Ms Leila Serikbayeva, chief of department of accumulation pension system. ...
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Easy conditions on cotton market
KARACHI, July 12: Trading on the cotton market on Monday resumed on a cheerless note as spinners and mills kept to the sidelines owing to prevailing turmoil in the backdrop of steep decline in world cotton yarn prices. ...
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Heavy buying in PSO pushes index up by 32.19 points
KARACHI, July 12: Heavy buying in the PSO followed by rumours of bonus shares highlighted Monday's trading on the stock market as investors covered positions at the lower levels in other energy and auto shares ...
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