Economic and Finance News
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Karachi Stock Exchange index crosses 2700 mark
KARACHI (January 01 2003) : Equities marched upward and the KSE-100 index for the first time crossed the 2700 mark…
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CBR to hire industrial experts for checking tax evasion
ISLAMABAD (January 01 2003) : The Central Board of Revenue (CBR) has decided to acquire the services of industrial specialists…
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Pakistan is top share index in 2002, Germany worst
LONDON (January 01 2003) : As stock markets ground to the end of another troubled year on Tuesday, Pakistan's stood…
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SBP allows third-currency exposures to importers
KARACHI (January 01 2003) : The State Bank of Pakistan has announced that third-currency exposures would also be available for…
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Three percent additional sales tax on spun yarn removed
ISLAMABAD (December 31 2002) : Giving major tax relief to the textile industry, the government has exempted the manufacturer-cum-suppliers of…
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SBP reduces export refinance rate by one percent
KARACHI (December 31 2002) : The State Bank on Monday announced a further cut in the export refinance rate by…
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Pakistan's 1999-2002 economic performance: GDP averaged at 3.3 percent, inflation at 3.8 percent
ISLAMABAD (December 31 2002) : Recounting its economic successes during military regime the Finance Division says that real GDP averaged…
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Pakistan's banking sector marks decline in demand against high growth in deposits
KARACHI (December 31 2002) : Despite high growth of deposits the banks have to face difficult situation as the demand…
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Pakistan's industrial production grew by 5.2 percent during July-September
ISLAMABAD (December 31 2002) : Industrial production during July-September grew by 5.2 percent. Cement production increased by 9.7 percent, car,…
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CED removal, change in sales tax collection system result in skewed data reporting
KARACHI (December 31 2002) : The withdrawal of excise duty on 25 key industries and a shift in sales tax…
