Economic and Finance News
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Cut-off yield on six-month treasury bills reduced further
KARACHI (January 09 2003) : The cut-off yield on 6-month Treasury Bills has been further reduced by 50 basis points,…
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National Bank restructures Rs 2 billion syndicated loan for Hubco
KARACHI (January 09 2003) : National Bank of Pakistan on Wednesday restructured the interest rate on the syndicated loan of…
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Pakistan's exports depict 16.6 percent increase in July-December
ISLAMABAD (January 07 2003) : Pakistan's exports increased by 16.6 percent, to $ 5.197 billion, during the first half (July-December)…
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Revenue Board defers decision on one percent surcharge waiver
ISLAMABAD (January 07 2003) : In addition to the extension in the SRO 410(I)/2001, the Ministry of Commerce has placed…
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Consultants advise CBR to remove third schedule of Sales Tax Act
ISLAMABAD (January 06 2003) : The Central Board of Revenue (CBR) tax consultants, Maxwell Stamps, have strongly recommended to abolish…
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Finance adviser asks information technology firms to start utility services
KARACHI (January 06 2003) : The Adviser to the Prime Minister on Finance and Economic Affairs, Shaukat Aziz, has urged…
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National Savings Schemes rate cut yet another stock market booster
KARACHI (January 06 2003) : The rate cut on National Savings Schemes by 160 to 200 basis points is likely…
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Finance Ministry refuses to withdraw 23 percent advance income tax on electricity bills
ISLAMABAD (January 04 2003) : The Ministry of Finance (MoF) has refused to withdraw 23 percent advance income tax on…
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Revenue Board mulling CNG wastage revision
ISLAMABAD (January 04 2003) : The Central Board of Revenue (CBR) is seriously considering to revise the percentage of compressed…
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Banks to deduct EDS from export proceeds
ISLAMABAD, Jan 3: The Central Board of Revenue has decided to deduct export development surcharge (EDS) through the bank upon…
