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| July 9, 2006 | Sunday | Jumadi-ul-Sani 12, 1427 |
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PM for plan to increase exports to 15pc of GDP
ISLAMABAD, July 8: Prime Minister Shaukat Aziz on Saturday directed the Planning Commission to come up with a plan to increase country''s exports from the current 13 per cent of the GDP to 15 per cent.... 
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NIT announces record Rs5.8/unit dividend
KARACHI, July 8: National Investment Trust Limited (NIT) has declared dividend at Rs5.80 per unit for the year ended June 30, 2006, which was the highest payout in the 44 history of the Trust....
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Textile industry plans to invest $7.75bn by 2010: Tax relief, package sought
KARACHI, July 8: Textile leaders continue lobbying for getting tax relief, subsidised bank loans and a package of concessions and facilities to enable them to invest about $7.75...
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State Bank moves to curb money laundering
KARACHI, July 8: The State Bank of Pakistan in a move to curb money laundering has introduced amendments in the Prudential Regulations for Corporate/Commercial Banking making the opening of bank accounts more difficult....
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Subsidies lead to mushrooming of exporters
ISLAMABAD, July 8: The government policy of increasing exports through subsidies in the past years led to mushrooming of exporters instead of improving the quality of products and developing skills of workers, officials and analysts told Dawn on Saturday....
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Rs50bn textile package ignored
KARACHI, July 8: Prime Minister Shaukat Aziz did not accede to the pressure of the textile industry seeking relief package of Rs50 billion. Presiding over the Export Promotion Board (EPB) meeting...
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Payouts for 5 open-end funds announced
KARACHI, July 8: JS ABAMCO (formerly ABAMCO Limited) on Saturday announced dividend payouts for five of the company’s open-end funds for the fiscal year ended June 30, 2006....
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Closure of Nostro accounts directed
KARACHI, July 8: The State Bank on Saturday asked all exchange companies to close down their Nostro accounts opened with exchange companies abroad by July 25, 2006....
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SBP order puts sugar millers in difficulty
ISLAMABAD, July 8: Sugar millers have informed SBP governor Dr Shamshad Akhtar that they are facing difficulties in meeting a recent directive of the SBP to adjust all previous advances against...
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Investment under CFS shows modest increase
KARACHI, July 8: Investment under the CFS on the Karachi Stock Exchange last week showed fresh increase of Rs1.26bn but was still far below the normal figure of Rs24bn plus....
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Dullness prevails on cotton market
KARACHI, July 8: Trading on the cotton market on Saturday remained insipid as spinners remained conspicuous by their absence apparently eyeing the new crop from the lower Sindh cotton belt....
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Suggestions invited for tariff relief
ISLAMABAD, July 8: The ministry of commerce has invited suggestions and input from all relevant stakeholders on tariff concessions to be considered under the proposed free trade agreements with Malaysia and Singapore....
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Summary of invoices
ISLAMABAD, July 8: The CBR has asked all commercial importers to file summary of invoices on monthly basis....
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Poultry industry seeks early decision on tax-holiday
ISLAMABAD, July 8: The poultry industry has urged the ministry of food, agriculture and livestock to take the decision of a five-year tax-holiday for small and medium poultry farms in the next meeting of the Federal Poultry Advisory Board....
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New plant
KARACHI, July 8: Atlas Honda Ltd. (AHL), a motorcycle production and sales joint venture in Pakistan between Honda and the Atlas Group, announced setting up of production at a new motorcycle plant in Lahore....
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Karachi Port operations
KARACHI, July 8: Five ships carrying containers, chemicals and to load naphtha and rice are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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