Finance
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CED removal, change in sales tax collection system result in skewed data reporting
KARACHI (December 31 2002) : The withdrawal of excise duty on 25 key industries and a shift in sales tax…
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Duty drawback facility on wheelbarrow tyres, tubes allowed
ISLAMABAD (December 31 2002) : The Central Board of Revenue (CBR) has announced duty drawback facility on the export of…
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Three percent additional sales tax on spun yarn removed
ISLAMABAD (December 31 2002) : Giving major tax relief to the textile industry, the government has exempted the manufacturer-cum-suppliers of…
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SBP reduces export refinance rate by one percent
KARACHI (December 31 2002) : The State Bank on Monday announced a further cut in the export refinance rate by…
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Pakistan's 1999-2002 economic performance: GDP averaged at 3.3 percent, inflation at 3.8 percent
ISLAMABAD (December 31 2002) : Recounting its economic successes during military regime the Finance Division says that real GDP averaged…
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Pakistan's banking sector marks decline in demand against high growth in deposits
KARACHI (December 31 2002) : Despite high growth of deposits the banks have to face difficult situation as the demand…
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Pakistan's industrial production grew by 5.2 percent during July-September
ISLAMABAD (December 31 2002) : Industrial production during July-September grew by 5.2 percent. Cement production increased by 9.7 percent, car,…
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KSE outperforms world stock markets, registers 109 percent growth
KARACHI (December 30 2002) : The Karachi Stock Exchange (KSE) during 2002 registered a significant growth of 109 percent and…
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86 percent growth in foreign exchange reserves helps strengthen rupee
KARACHI (December 30 2002) : The country's foreign currency reserves in the calendar year 2002 recorded an unprecedented improvement of…
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Cut in leasing rates pushes car sales up
KARACHI (December 30 2002) : Leading car producers in Pakistan are all set to earn good profits in the current…
