Economic and Finance News
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CBR to start legal action against sugar mills for further tax
ISLAMABAD (December 17 2002) : The Central Board of Revenue (CBR) has decided to initiate legal action against the owners…
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SBP cuts coupon rates of all three maturity PIBs
KARACHI (December 17 2002) : The State Bank of Pakistan on Monday has slashed the coupon rates of Pakistan Investment…
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SECP allows Abamco to launch first Islamic Fund before December-end
KARACHI (December 17 2002) : The Securities Exchange Commission on Monday allowed ABAMCO Limited to launch the country's first Islamic…
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Fuel oil prices raised by 9.9 percent
KARACHI (December 17 2002) : Pakistan's oil marketing companies raised prices of fuel oil by as much as 9.9 percent…
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Probe into increase in duty drawback rates for textile industry begins
ISLAMABAD (December 17 2002) : Taking prompt action to rectify the irregularities pointed out by Auditor General, the tax authorities…
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Plan chalked out to achieve Rs 108.75 billion sales tax target
ISLAMABAD (December 16 2002) : A new action plan has been chalked out to achieve sales tax target of Rs…
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Central bank may cut coupon rate: 5-, 10-year PIBs yields at lowest
KARACHI (December 16 2002) : The yields on 10-year and five-year Pakistan Investment Bonds in the debt market are at…
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Directors' election on 19 December: history in the making at KSE
KARACHI (December 16 2002) : History would be made at the Karachi Stock Exchange as, after the election of five…
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Duty drawback facility for plastic mats
ISLAMABAD (December 15 2002) : The Central Board of Revenue (CBR) has given duty drawback on the export of plastic…
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Amendment to Letter of Credit format for imports to US urged
KARACHI (December 15 2002) : The shipping experts have called for amendment to the format of Letter of Credit (LC)…
