CBR chief for removal of ST on cotton: Import stage
KARACHI, July 19: The chairman, Central Board of Revenue (CBR), Muhammad Abdullah Yusuf on Monday admitted that the sales tax on cotton at import stage was an anomaly which should be removed.
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New institute to replace Old Custom House
KARACHI, July 19: Central Board of Revenue Chairman Mohammad Abdullah Yousuf on Monday said that a new training institute of world standard would be built at the Old Custom House, Karachi at a cost of Rs32 million.
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Cotton price fall: Aptma meets today
LAHORE, July 19: The central managing committee of the All Pakistan Textile Mills Association (Aptma) will meet here on Tuesday to draw a strategy to fight the crisis confronting the industry as a result of the falling international cotton prices
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CBR assures maximum facilities to exporters
LAHORE, July 19: The Central Board of Revenue (CBR) would continue to extend maximum cooperation and help to the exporters with an aim to boost country's exports.
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Investors line up for PPL stock
KARACHI, July 19: On Monday, people flocked to branches of the 18 bankers to the offer for shares in Pakistan Petroleum Limited on the first day of the four days that the subscription list will remain open.
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ATT negative list may have two new items
ISLAMABAD, July 19: The government is likely to include two new items in the negative list under Afghan Transit Trade (ATT) aimed at providing protection to the local industry.
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BoI to start one window facility
ISLAMABAD, July 19: Secretary, Board of Investment, Jahangir Bashar said on Monday the BoI would start one window operation for local as well as foreign investors aimed at providing maximum facilities to the investors.
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Reserves decline by $400m since Feb
KARACHI, July 19: Gross liquid foreign exchange reserves have fallen from $12.6 billion at end-February to a little more than $12.2 billion on July 10, 2004, according to data released by the State Bank.
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Spot rates down Rs25 on cotton market
KARACHI, July 19: Trading on the cotton market on Monday resumed on a cheerless note as spinners again kept to the sidelines despite lower offering by the ginners.
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KSE 100-share index sheds another 8.91 points
KARACHI, July 19: Stocks on Monday lacked normal trading interest as leading investors and brokers remained busy with the IPO of Pakistan Petroleum Limited that has opened for public subscription for four days.
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