| 07 November 2004 | Sunday | 23 Ramazan 1425 |
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Lawyers to plead Pakistan case: GSP plus scheme
ISLAMABAD, Nov 6: The government will soon hire lawyers to plead the case of Pakistan for getting access to the EU generalized system of preferences (GSP) plus- the scheme of duty on import. ... 
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Banks show surprising growth in profitability: Fiscal year 2004
KARACHI, Nov 6: Following the decision by American Express Bank to close down operations due possibly to shortfall of nearly 50 per cent in minimum paid-up capital requirement ...
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SBP framing rules for credit bureaus
KARACHI, Nov 6: The State Bank is actively working on a project to develop a policy and regulatory framework for credit bureaus as their role in efficient credit allocation through credit disbursement to SMEs and consumer sectors is attracting global attention. ...
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Dollar falls below Rs60 in inter-bank market
KARACHI, Nov 6: The US dollar fell below Rs60 in the inter-bank market on Saturday and lost 0.8 per cent value without any intervention from the State Bank to lift the rupee. ...
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Season for productive investment
KARACHI, Nov 6: Official policies are being reoriented to curb speculative trading that impinge on the country's manufacturing-led industrialization witnessed for the past two years. ...
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Cotton output estimated at 12.1m bales
MULTAN, Nov 6: The Standing Committee on Cotton Crop Assessment (SCCCA) has put the estimate of cotton production in the country this year at 12.1m bales. ...
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Growers to get urea at Rs450 per bag
KARACHI, Nov 6: The Trading Corporation of Pakistan (TCP) has handed over 15,000 tons of imported urea to four fertilizer companies for onward sale to growers at Rs450 per 50 kg bag. ...
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Exports fall by 1.4pc in Oct
ISLAMABAD, Nov 6: Pakistan's exports declined by 1.4 per cent during the month of October 2004 over the same month last year. ...
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Badla rates decline
KARACHI, Nov 6: The weighted average carryover rates on the Karachi Stock Exchange last week fell to single digit after having ruled at around 14 per cent during the last couple of weeks owing to sharp decline in equity values ahead of the US presidential election. ...
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Saudi Pak approves Rs860m financing
ISLAMABAD, Nov 6: The Board of Directors of Saudi Pak Industrial and Agricultural Investment Company Limited approved Rs860 million for 13 companies in financial, telecommunication, sugar, steel, energy and cement sectors. ...
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Regional tax offices to replace zones
ISLAMABAD, Nov 6: Central Board of Revenue Chairman M. Abdullah Yousuf said on Saturday that 12 regional tax offices (RTOs) would replace the existing income tax circles and zones. These RTOs will be operational by December 2005. ...
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Committee to resolve double refunds issue
ISLAMABAD, Nov 6: The Central Board of Revenue decided on Saturday to constitute a three-member committee in each collectorate of sales tax to resolve the outstanding issue of double refunds paid to exporters. ...
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Prudential regulations
KARACHI, Nov 6: Banks and Development Finance Institutions (DFIs) can now also accept a copy of financial statements audited by a practicing cost and management accountant in case of lending to a borrower that is not a public company or a subsidiary of a public company. ...
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Cotton market resists fall
KARACHI, Nov 6: The cotton market on Saturday resisted fresh decline as ginners and growers held on to their unsold positions, telling buyers that the bottom has already been touched. ...
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