June 8, 2005	Wednesday	Rabi-us-Sani 30, 1426

Please Visit our Sponsor (Ads open in separate window)

SRO irks local car makers: Taxes revised KARACHI, June 7: Car makers now fear opening of flood gate of used cars following the issuance of SRO No.557(I)2005 in which maximum duties payable on import of used cars...		Small traders ignored in budget KARACHI, June 7: Market associations and industrialists on Tuesday expressed their apprehensions over some of the decisions taken in the federal budget for 2005-06. Alliance of Market...
Stocks recover 286.78 points on budgetary incentives KARACHI, June 7: Stocks on Tuesday gave a spontaneous positive reaction to the federal budget as it maintained a status quo on the Capital Value...		Cotton market celebrates ‘textile budget’ KARACHI, June 7: Cotton market on Tuesday welcomed the new budget, which is generally called “textile budget” as government has gone all out to give it a maximum possible...
Transfers to provinces estimated at Rs315.5bn ISLAMABAD, June 7: The federal budget 2005-06 envisages Rs315.5 billion net transfers to provinces, including a share of Rs239.9 billion out of net...		15pc GST on 10 consumer items proposed ISLAMABAD, June 7: The government has proposed to levy 15 per cent sales tax on printed retail price of 10 consumer items, 3 per cent at retail stage of five major...
Withholding tax on proceeds raised to 0.75pc: Five export sectors ISLAMABAD, June 7: The government has increased withholding tax by 0.25 per cent to 0.75 per cent on export proceeds of five major sectors, reduced rate of withholding...		New excise act, rules put in place ISLAMABAD, June 7: The government has introduced new Federal Excise Act 2005 and Federal Excise Rules 2005 and has withdrawn central excise duty on two products. Through various...
CCoP okays Rs16.415bn bid for NRL ISLAMABAD, June 7: The Cabinet Committee on Privatization (CCoP) on Tuesday approved the highest bid of Rs16.415 billion received from Attock Oil Group for National Refinery Limited (NRL). The CCoP met...		UBL shares offering ends today ISLAMABAD, June 7: The subscription for initial public offering (IPO) of United Bank Limited shares opened on June 3 will conclude on June 8 (Wednesday) during banking hours. The Privatization Commission...
366 firms registered in May ISLAMABAD, June 7: The Securities and Exchange Commission of Pakistan registered 366 companies in May this year as compared to 207 companies registered during the corresponding month last year, showing...		Oil falls on Opec comments LONDON, June 7: World oil prices fell on Tuesday after Opec comments suggesting an increase in crude production output, while traders anticipated rising energy stocks in the United States. New York’s...
Palm oil lower KUALA LUMPUR, June 7: Malaysian crude palm oil futures ended below the key 1,400 ringgit level on Tuesday after an influential trading house with large refineries in Indonesia...		Karachi Port operations KARACHI, June 7: Ten ships carrying rock phosphate, containers, and to load molasses are expected to arrive at the outer anchorage on Wednesday, according to the KPT sources. Berthing activity...