Low Graphics Site

June 08, 2006 Thursday Jumadi-ul-Awwal 11, 1427 Retailers stop lifting pulses: Wholesalers in a fix KARACHI, June 7: Retailers and buyers have suspended lifting of pulses from the wholesale market in anticipation of a fall in prices after the government announced to provide subsidy to commercial importers of pulses in the budget for 2006-07.... Rs835bn revenue target achievable: CBR chief ISLAMABAD, June 7: Central Board of Revenue Chairman M. Abdullah Yousuf said on Wednesday the projected revenue collection target of Rs835 billion would be achieved easily, if the growth in economy maintained an upward momentum during the fiscal year 2006-07.... Kazakhstan offers free land to woo investment KARACHI, June 7: Kazakhstan is the best place for investment and Pakistani businessmen should enter into joint ventures especially in development of textile sector as there is low input cost and... Banks to pass on 5pc duty load to customers KARACHI, June 7: The five per cent excise duty on fee and commission of banks would not affect banks’ profitability, as the load would be passed on to the customers, said bankers and analysts.... Stock market plunges as CVT hike raises trading cost KARACHI, June 7: The post-budget rally on the stock market failed to extend itself on Wednesday followed by profit-selling triggered by some rethinking on an increase in capital value and withholding tax and their negative impact on the share trading costs.... Price war continues on cotton market KARACHI, June 7: Cotton market on Wednesday maintained steady trend as ginners and spinners remained locked in price war on the perception of an expected pressure on future supplies.... New import tariffs for CBU, CKD released ISLAMABAD, June 7: The Central Board of Revenue (CBR) on Monday released new tariffs for the import of completely built-up units (CBUs) and completely knocked-down units (CKD) effective from July 1, 2006.... Oil sheds over $1 as US stocks climb LONDON, June 7: World oil prices sank by more than a dollar on Wednesday after news that US energy stocks rose across the board last week, coupled with positive developments in the Iranian nuclear crisis, dealers said.... BoE, BCCI liquidators reach deal LONDON, June 7: The Bank of England (BoE) said it had reached a full and final settlement with the liquidators for collapsed Bank of Credit and Commerce International (BCCI) in the proceedings against the central bank.... Federal excise act amended ISLAMABAD, June 6: The government has amended the Federal Excise Act 2005 to incorporate enabling provisions to monitor the production of certain industries through close circuit television (CCTV) and technical experts.... GST on pesticides at import stage ISLAMABAD, June 7: The Central Board of Revenue (CBR) has decided to further reduce the minimum value addition from 30 per cent to 15 per cent for the levy of general sales tax (GST) on pesticides at import stage.... SBP raises rates on T-bills KARACHI, June 7: The State Bank on Wednesday increased the cut-off yield on benchmark six-month T-bills, which was about five years high.... Penalties for repeated offences proposed ISLAMABAD, June 7: The government proposes higher penalties for repeated offences and empowers sales tax officers to obtain third party information regarding any tax fraud from the fiscal year 2006-07.... Changes in tax regime to hit business activity LAHORE, June 7: The changes in the tax regime proposed by the federal government in the Finance Bill for 2006-07 are meant more for enhancing revenue collection than encouraging business activity in the country.... ICAP calls for end to presumptive tax regime KARACHI, June 7: The Institute of Chartered Accountants (ICAP) has suggested doing away with the presumptive tax regime. At a post-budget press conference held on Tuesday, ICAP President S.M.... Kazakh team visits TCP KARACHI, June 7: A high-level delegation of Kazakhstan on Tuesday visited the Trading Corporation of Pakistan (TCP) and held a meeting with the high-ups of the corporation.... Rs172m for 5 projects ISLAMABAD, June 7: The Export Development Fund on Tuesday approved and ordered release of Rs172.7 million for five new export-related projects.... KPT buys Backhoe dredger KARACHI, June 7: The Karachi Port Trust (KPT) on Wednesday procured a latest state-of-the-art Backhoe dredger from Netherlands at a cost of 12.073 million euros.... Anti-poor budget KARACHI, June 7: The Economic Literacy and Budget Advocacy Group (ELBAG), a South Asian group of civil society organisations, institutions and experts, has termed the 06-07 federal budget “anti-poor, anti-working class... Palm oil prices JAKARTA, June 7: Indonesian palm oil prices were mixed on Wednesday while players remained on the sidelines waiting for direction from a slew of Malaysia palm oil data to be released on June 10, traders said.... Port Qasim KARACHI, June 7: Three ships carrying containers and chemicals arrived at the outer anchorage during the last 24 hours, said a PQA press release on Wednesday.... Karachi Port operations KARACHI, June 7: Eight vessels including a car carrier and two carrying 30,000 tons of sugar are due at the outer anchorage on Thursday, according to KPT sources....

Contributions Privacy Policy © DAWN Group of Newspapers, 2006