The ministry included textile units at EPZs under the drawback of local taxes and levies scheme.
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TOP STORIES
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Oil below $79 as US tropical storm weakens
Concern that growing US unemployment will undermine demand is also helping to depress commodity prices. -
Yahoo CEO pledges to boost profit margins
Yahoo expects revenue to fall by 11 per cent to $6.4 billion in 2009, despite trimming its work force by 13 per cent. -
CNG stations strike against gas load-shedding
Dealers are striking against the planned management system which will force stations to close for two days a week. -
Philippines plans record 0.6mln tons rice import
The huge issue is likely to drive up global prices, and is excellent news for Pakistani rice exporters. -
PSO issues tender for 520,000 tons HSFO
Pakistan’s oil requirements are expected to rise 29 per cent by year-end as new oil-burning plants come online.
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HIGHLIGHTS
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Emerging markets to lead recovery: HSBC
The bank is ‘encouraged by renewed activity’ in Asia’s equity markets. -
Ignoring water
The shocking lack of official interest in water resource issues spells disaster for ordinary citizens. -
When farmers lose
How can we protect farmers when bumper crops crash prices and threaten to destroy their incomes? -
Who completed Pakistan’s first book building?
AKD Securities and BMA Capital are warring over the most unlikely issue. -
Lack of funds turns textile policy futile
Sources say that of the total Rs40bln package, only Rs5bln have been released.
WEATHER - PAKISTAN
Cities
RUNNING LOW?
‘We have (already) entered the ‘peak oil’ zone. I think that the situation is really bad,’ a former IEA official said.
BUSINESS AS USUAL
‘And I want to tell those people who nag about Dubai and Abu Dhabi to shut up,’ said Dubai’s Sheikh Mohammed.
MONEY VICE
The challenge is to reclaim the black funds and monitor nations to make sure public money stays in the treasuries.
CURRENCY WARS
‘Yuan stability is forcing many Asian countries to fight to... maintain competitiveness’: economist.
DAMPENED CELEBRATIONS
A large part of the spending goes on gold jewellery, but sales are down partly because of rising global gold prices.
ECONOMIC REPORT 2009
The province’s economy expanded by 2.7 times in Balochistan, 3.6 times in the NWFP and Sindh and four times in Punjab.



