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| April 29, 2007 | Sunday | Rabi-us-Sani 11, 1428 |
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Pay and perks of corporate bosses
KARACHI, April 28: Six years ago, when the chief executive of the Hub Power Company Limited had stood out as Pakistan’s highest paid corporate boss earning a sum of Rs36 million... 
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$160 million floating LNG terminal at Port Qasim
KARACHI, April 28: Port Qasim Authority (PQA) and Pakistan Gas Port on Saturday signed an implementation agreement for setting up a floating LNG terminal at the Port Qasim at an estimated...
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Exports to South and C. America up sharply
KARACHI, April 28: Mainly because of a small and narrow base, Pakistan’s exports to some of the non-conventional markets, like Central and South America and Africa, have shown an impressive growth,...
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CBR facing Rs37.64bn shortfall
ISLAMABAD, April 28: The Central Board of Revenue (CBR) is facing a shortfall of Rs37.64 billion revenue on account of two leading federal taxes — general sales tax (GST) and customs...
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Confusion grips fish exporters: Guarantees to EC
KARACHI, April 28: The European Commission (EC) has sought comments and guarantees from the Ministry of Food, Agriculture and Livestock (MINFAL) by May 2, 2007 in response to its draft report...
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SPI increases by 0.31 per cent
ISLAMABAD, April 28: The Sensitive Price Index (SPI) increased by 0.31 per cent during the week ending April 27 over the previous week, according to the weekly price data released by the Federal Bureau of Statistics (FBS) here on Saturday....
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Alternative dispute resolution system criticised
KARACHI, April 28: Participants of a seminar on ‘Alternate Dispute Resolution’ organised by the Income Tax Bar Association Karachi (ITBAK) were highly critical of the system and were of the opinion...
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0.5m spindles closed due to tariff hike
KARACHI, April 28: More than half a million spindles have been closed down because of 10 per cent hike in electricity tariff by the Wapda, the All Pakistan Textile Mills Association...
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Sales tax return form may be amended
ISLAMABAD, April 28: The Central Board of Revenue (CBR) will soon introduce amendments to the sales tax return form in the budget 2007-08 for soliciting information in respect of production of the manufacturing sector to check concealment of tax payment....
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India to import cement
ISLAMABAD, April 28: India is considering a proposal to import cement from Pakistan to meet its local shortage, said President Islamabad Chamber of Commerce and Industry (ICCI) Nasir Khan....
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CFS rates fall slightly
KARACHI, April 28: The CFS rates on the Karachi Stock Exchange last week showed a fractional fall of 11 basis points at 11.75 per cent despite the fact that investment under...
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Trading gets slow on cotton market
KARACHI, April 28: Cotton market finished the weekend session on a cheerless note as spinners and mills remained conspicuous by their absence apparently awaiting fresh developments on the export front....
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US stocks higher
NEW YORK, April 28: Wall Street shook off early jitters sparked by a weak reading on US economic growth and ended mixed on Friday, with the blue-chip Dow index eking out a small gain to hit a fresh all-time high....
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Steps to curb software piracy urged
ISLAMABAD, April 28: Computer manufacturers and traders have asked the government to take practical steps in the upcoming budget to curb the menace of piracy causing millions of rupees loss to the national kitty....
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Rising euro may turn dollar again attractive
NEW YORK, April 28: The last time the US dollar slid to a record low against the euro it quickly recovered, but this time may be different....
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Gold, copper prices jump
NEW YORK, April 28: US gold sprung back from a three-week low to end up on Friday, helped by the dollar’s record low against the euro and strong oil prices....
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Zimbabwe economic crisis to get worsen
HARARE, April 28: Zimbabwe’s economic crisis is likely to worsen despite new government efforts to cope with food shortages and a foreign currency crunch that has crippled farmers and business, analysts said on Saturday....
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NY cotton futures higher
NEW YORK, April 28: Cotton futures closed mostly higher on Friday as early speculative fund sales were offset by trade and consumer buying although the overall tone in fibre contracts remained soft going into next week, brokers said....
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$158.5m retirement package
NEW YORK, April 28: AT&T chairman and chief executive Edward Whitacre will retire with a $158.5m payout, figures released from a corporate watchdog group showed on Friday....
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Karachi Port operations
KARACHI, April 28: Five ships carrying DAP fertiliser, and to load cement and pig iron are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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