Economic and Finance News
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No income tax relief to welfare bodies working for personal gains
ISLAMABAD (March 19 2003) : The Central Board of Revenue (CBR) has decided not to allow income tax exemption of…
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Recommendations finalised for amending Companies Rules, 1985
KARACHI (March 18 2003) : The Securities and Exchange Commission of Pakistan (SECP) has finalised its recommendations for amending the…
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Net profit of 10 private banks up by Rs 1.1 billion in 2002
KARACHI (March 18 2003) : Profit after tax (PAT) of 10 private banks increased by around Rs 1.1 billion or…
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Shipping companies and airlines can open rupee accounts
KARACHI (March 18 2003) : Shipping companies/airlines having offices in Pakistan or operating their ship/airlines in Pakistan are allowed to…
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Privatization: feast for vulture capital
In view of the prevailing global investor sentiment, the privatization policy is being reoriented to suit the current situation. An…
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Is there a need for 4th stock exchange?
Depending on how you look at it, the answer has to be 'yes' and 'no'. But the question has been…
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Custom clearance pilot project: CBR asked to include detailed changes by July
ISLAMABAD (March 17 2003) : The International Monetary Fund (IMF) has asked the Central Board of Revenue (CBR) to incorporate…
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MCB writes-off loans of Rs 1.52 billion of 69 companies
KARACHI (March 16 2003) : The Muslim Commercial Bank (MCB) has written off loans and provided relief amounting to Rs…
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Two more companies get foreign exchange licences
KARACHI (March 16 2003) : The State Bank on Saturday has awarded two more licences for opening of foreign exchange…
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Taking out currencies to Dubai: SBP refuses time extension to money changers
KARACHI (March 16 2003) : The State Bank has refused money changers' request to extend the deadline for carrying currencies…
