| 24 October 2004 | Sunday | 09 Ramazan 1425 |
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Cement set to rise by Rs3 per 50 kg: Furnace oil prices
KARACHI, Oct 23: The increase in furnace oil price by Rs1,000 per ton by marketing companies from October 16 will escalate the cost of cement by at least Rs3 per 50 kg bag. ... 
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Cotton export contracts worth $4m booked
KARACHI, Oct 23: Contracts for export of about $4 million worth of cotton have been registered with the Export Promotion Bureau in last three weeks of October ...
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Banks' lending rates move up
KARACHI, Oct 23: Banks' lending rates have started rising in response to a gradual tightening of interest rates by the State Bank. ...
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Flat rate scheme fails to woo small retailers
ISLAMABAD, Oct 23: The scheme of 0.75 per cent flat rate of income tax announced in the budget of 2004-05 for retailers whose turnover is less than Rs5 million largely failed to attract small retailers for filing their tax returns for the tax-year 2004. ...
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Govt may abolish negative list under ATT
ISLAMABAD, Oct 23: The government is considering a proposal to abolish the negative list under Afghan Transit Trade (ATT) attaching it with a condition that Afghan government would raise import duty on these items. ...
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Managing foreign debt risks
KARACHI, Oct 23: The ministry of finance is evolving a comprehensive debt policy and risk management system that goes beyond the present strategy of reducing debts and lowering interest. ...
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Tender for cotton next week
ISLAMABAD, Oct 23: The Trading Corporation of Pakistan will invite next week tender for export of 20,000 bales of cotton purchased recently. ...
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Govt to revive trade offices abroad
ISLAMABAD, Oct 23: The commerce ministry has formally asked the finance division for allocation of an additional amount for the revival and upgradation of trade officer posts in around 12 countries. ...
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Paktel allowed to switch to GSM
ISLAMABAD, Oct 23: The Pakistan Telecommunication Authority (PTA) on Saturday allowed M/s Paktel to switch to GSM (global system of mobile phone) operation in Pakistan from AMPS (analogue mobile phone system) by renewing its licence for another 15 years ...
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Carryover rate at new peak
KARACHI, Oct 23: Carryover rates on the Karachi Stock Exchange last week swelled to a recent peak level of 14.1 per cent from the previous week's 8.8 per cent ...
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Relief for advertising agencies
ISLAMABAD, Oct 23: The Central Board of Revenue has exempted advertising agencies from the payment of additional tax and penalty accrued due to non-payment of tax in case they got registered themselves with the sales tax department latest by November 15, 2004. ...
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Spinners building up long positions
KARACHI, Oct 23: Trading on the cotton market on Saturday was maintained on the higher side as spinners continued to build up long positions at the current levels, fearing further increase in prices. ...
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