Economic and Finance News
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Eight insurance firms not granted registration
KARACHI (January 18 2003) : The Securities Exchange Commission of Pakistan has not granted new certificates of registration to eight…
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Banks and development finance institutions asked for report on loan write-offs
KARACHI (January 18 2003) : The State Bank of Pakistan on Friday asked all banks and development finance institutions (DFIs)…
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Asian Development Bank sees Pakistan surpassing 4.5 percent growth target
ISLAMABAD (January 18 2003) : The Asian Development Bank has said that Pakistan has bright prospects to surpass the envisaged…
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Imported drugs retail margin raised to 15 percent
ISLAMABAD (January 18 2003) : The government has increased retail profit/margin on all imported medicines to 15 percent to put…
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Remittances soar to $2.148 billion in six months
KARACHI (January 17 2003) : Remittances from overseas Pakistanis skyrocketed in first six months of the current fiscal year and…
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Duty relief allowed on eight new pharmaceutical raw materials
ISLAMABAD (January 17 2003) : The Central Board of Revenue (CBR) has exempted eight new pharmaceutical raw material, chemicals and…
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Furnace oil prices increased by up to 5.14 percent
KARACHI (January 17 2003) : The oil companies in the country raised the furnace oil prices by as much as…
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Jurisdiction of big units transferred to respective collectorates
ISLAMABAD (January 17 2003) : As the major central excise duty (CED) paying units located in other parts of the…
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Securities and Exchange Commission of Pakistan starts probe into Attock Refinery affairs
KARACHI (January 17 2003) : The Securities and Exchange Commission of Pakistan (SECP) has appointed an inspector to conduct an…
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Account books misplaced while in Revenue Board custody
ISLAMABAD (January 17 2003) : Several account books of a private medical centre have been misplaced while in the custody…
