Finance
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Banks to charge export development surcharge on exports proceeds from January
KARACHI (December 14 2002) : The export development surcharge (EDS), which is charged by the Customs at the rate of…
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Water and Power Development Authority plans Rs 7 billion bond issue in January
KARACHI (December 11 2002) : The Water & Power Development Authority (Wapda) plans to float Rs 7 billion bonds next…
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Duty drawback on towels enhanced
ISLAMABAD (December 11 2002) : Giving relief to the manufacturer-cum-exporters of towels, the government has enhanced duty drawback rates on…
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No proposal to remove advance income tax on power bills
ISLAMABAD (December 11 2002) : The government is not considering any proposal to withdraw advance income tax charged on electricity…
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Fauji Fertiliser, Pak-Saudi merger allowed
KARACHI (December 11 2002) : The High Court of Sindh on November 21, 2002, allowed a petition for the merger…
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Capital Development Authority refuses to issue no objection certificate
ISLAMABAD (December 11 2002) : Capital Development Authority (CDA) has refused the issuance of No Objection Certificate (NOC) for power…
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Blast on Sui gas line causes heavy damage
KARACHI (December 11 2002) : A suspected bomb blast early on Thursday morning ruptured the Sui Southern Gas Company's 20-inch…
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KSE stocks touch 8 1/2-year high
KARACHI (December 10 2002) : The Karachi Stock Exchange on the first day after Eid holidays was in a jubilant…
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Federal Tax Ombudsman rectifies sick unit owner's tax assessment
ISLAMABAD (December 10 2002) : Thanks to the intervention of Federal Tax Ombudsman, the owner of a sick plastic manufacturing…
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Foreign exchange reserves reach $9.01 billion
KARACHI (December 10 2002) : Country's foreign exchange reserves have reached $9.01 billion, said a release of the State Bank…
