Aziz sees $20 billion exports in four years
ISLAMABAD Dec 7: Prime Minister Shaukat Aziz on Tuesday said that the country was in sight of achieving the annual export volume of $20 billion in next three-four years if the present pace of value added products and export growth continued.
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Saarc agrees on draft taxation treaty
ISLAMABAD, Dec 7: Tax experts of the seven Saarc-member countries on Tuesday concluded and agreed on draft multilateral agreement on avoidance of double taxation and administrative assistance in tax matters.
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Tariff-based system from next year: Auto industry
KARACHI, Dec 7: As the World Trade Organization (WTO) is undecided about the fate of extension in deletion programme of the auto sector, the Pakistan Government is introducing a tariff-based system (TBS)
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Task force discusses economic policies
ISLAMABAD, Dec 7: Adviser to the prime minister on finance and revenue Dr Salman Shah on Tuesday chaired the first meeting of the recently-constituted Task Force on Economic Policy (TEP) and discussed various issues.
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Rupee down by 12.3 per cent against euro
KARACHI, Dec 7: The rupee lost 12.3 per cent value against the euro in the first five months of this fiscal year, coming down to 79.12 a euro at end-November from 70.46 at end-June 2004.
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Six-month T-bills rate to touch 4pc
KARACHI, Dec 7: The weighted average yield on six-month treasury bills seems set to touch 4 per cent on Wednesday when the central bank will sell Rs30 billion bills in a not-so-liquid inter bank market.
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5 brokers elected unopposed to KSE board
KARACHI, Dec 7: The election of stock brokers to the board of directors for the year 2005 has ended even before it began, since three of the eight nominees withdrew on Tuesday, in favour of the remaining five who have returned unopposed.
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Report on WTO issues for SSC by January 10
ISLAMABAD, Dec 7: The draft report on 'Challenges of WTO and Strategy' will be presented before the Senate's Special Committee (SSC) on WTO latest by January 10, 2005.
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Subsidized wheat
KARACHI, Dec 7: Sindh Chief Minister Dr Arbab Ghulam Rahim on Tuesday presided over a high-level meeting here and reviewed the matter regarding provision of wheat to the people of Thar at subsidized rates
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PTA cuts charges to encourage new players: Interconnection
ISLAMABAD, Dec 7: Pakistan Telecommunication Authority (PTA) on Monday slashed interconnection charges proposed by the Pakistan Telecommunication Company Limited (PTCL) up to 45 per cent
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Spinners, mills resume buying
KARACHI, Dec 7: The cotton market on Tuesday shrugged off the recent hesitancy caused by higher arrivals of phutti into ginneries as spinners were back in the arena and resumed buying at ginners' asking prices.
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Index touches all-time high level of 5,675 points
KARACHI, Dec 7: The KSE 100-share index on Tuesday maintained its upward drive as leading base shares came in for strong buying under the lead of PTCL and some other prominent base shares, lifting it up by another 43 points at its new peak level of 5,675.79.
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