Economic and Finance News
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Auto makers likely to cut prices by five percent
ISLAMABAD (May 03 2003) : Car manufacturers and assemblers are likely to cut prices of their automobiles up to 5…
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About 20 percent GST may be imposed on oilseeds import
KARACHI (May 03 2003) : About 20 percent general sales tax (GST) is likely to be imposed by the Federal…
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Revenue Board still charging central excise duty on sulphonic acid
ISLAMABAD (May 03 2003) : Despite withdrawal of Central Excise Duty (CED) on sulphonic acid used in soap/detergents, the Central…
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Exporters prefer euro over dollar for opening letters of credits
KARACHI (May 02 2003) : Most of the exporters supplying goods to European countries have increasingly started opening their letters…
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Procedure for national tax number issuance to non-resident companies issued
ISLAMABAD (May 02 2003) : The Central Board of Revenue (CBR) has made it compulsory for the non-resident companies to…
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State Bank unveils prudential rules for banks
KARACHI (May 02 2003) : The commercial banks to comply with State Bank of Pakistan's (SBP) plan to reduce their…
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Export refinance rate further cut by 0.5 percent
KARACHI (May 01 2003) : The State Bank of Pakistan on Wednesday further cut the rates of export refinance, by…
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Sales Tax defaulters disqualified for DTRE facility
ISLAMABAD (May 01 2003) : The Central Board of Revenue (CBR) has disqualified sales tax defaulters from duty-free import of…
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State Bank governor sees no change in discount rate
KARACHI (April 30 2003) : State Bank of Pakistan Governor Dr Ishrat Husain said on Tuesday that he saw no…
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Revenue Board tells industries production data to be kept confidential
ISLAMABAD (April 30 2003) : Responding to the apprehensions of major industrial units on production data, the Central Board of…
