| 09 December 2004 | Thursday | 26 Shawwal 1425 |
|
Tariff on steel scrap import cut by 25pc
ISLAMABAD, Dec 8: The government has reduced customs tariff on the import of steel scrap by 25 per cent with immediate effect and directed Pakistan Steel to immediately import 100,000 tons of billets to contain soaring steel prices. ... 
|
|
40pc deletion rate for new carmakers
ISLAMABAD, Dec 8: The federal government is expected soon to allow the new car manufacturers to start production at 40 per cent deletion rate to attract fresh investment in the sector and introduce better competition. ...
|
|
||
|
Pakistan to allow BD tea duty free
ISLAMABAD, Dec 8: Pakistan would remove all barriers to allow free import of tea from Bangladesh. This was stated by State Minister for Commerce Hamid Yar Hiraj in a meeting with a seven-member tea delegation of Bangladesh ...
|
|
Talks on free trade with US soon
KARACHI, Dec 8: Pakistan and the US will soon resume dialogue on concluding a bilateral Free Trade Agreement (FTA), Tariq Ikram a State Minister and Chairman Export Promotion Bureau informed Dawn on Wednesday. ...
|
|
|
||
|
Banks upset as SBP scraps TBs auction
KARACHI, Dec 8: The State Bank of Pakistan (SBP) on Wednesday scrapped all bids for six-month treasury bills apparently to avoid a sharp increase in their yield. ...
|
|
Cane crushing to resume tomorrow
KARACHI, Dec 8: Sugar mills in Sindh are going to restart their boilers from Friday, December 10 as they had suspended their crushing about a week back due to inadequate supply of sugarcane ...
|
|
|
||
|
Duty relief on pharmaceutical raw materials
ISLAMABAD, Dec 8: The government has allowed partial exemption in customs duty on import of around 53 pharmaceutical raw materials and packing materials. ...
|
|
Task force to oversee financial sector
ISLAMABAD, Dec 8: The Securities and Exchange Commission of Pakistan and the State Bank of Pakistan here on Wednesday decided to form a task force for consolidated supervision of the financial sector. ...
|
|
|
||
|
Quota issue: US buyers cancelling orders
LAHORE, Dec 8: The US buyers are said to be cancelling orders of knitted shirts (Cat-338) from Pakistan because of fears that exporters may not meet delivery schedules due to quota problems. ...
|
|
WB approves over $100m loan for tax reforms
ISLAMABAD, Dec 8: The World Bank has approved a $78.5 million credit and a $24.4 million loan to support Pakistan's Tax Administration Reform Project (TARP) to be implemented in five years. ...
|
|
|
||
|
Price war continues on cotton market
KARACHI, Dec 8: Physical business on the cotton market on Wednesday failed to pick up as ginners and spinners remained locked in a price war, although it appears to be no-win situation. ...
|
|
Stocks maintain bullish trend, index hits 5,700-point level
KARACHI, Dec 8: Stocks on Wednesday maintained their upward drive on active follow-up support on almost all the counters but finished below the day's best levels on profit-selling at the fag-end of the session. ...
|
|
|
||
