Economic and Finance News
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Monopoly trade practices law being revamped
KARACHI (April 28 2004): The Monopoly Control Authority (MCA) has begun the process of reviewing the Monopolies and Restrictive Trade…
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PSO declares 30 percent dividend for third quarter
KARACHI (April 28 2004): Pakistan State Oil Ltd declared a second interim dividend of 30 percent, totalling to 100 percent…
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Taxpayers filing incomplete returns to get letters not notices
ISLAMABAD (April 28 2004): Instead of issuing statutory income tax notices to the business community, the Central Board of Revenue…
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Machinery for Gwadar SEZ exempted from duty and taxes
ISLAMABAD (April 30 2004): The government has decided to exempt machinery/equipment to be imported for use at the proposed Special…
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CBR to pursue sales tax collection from cigarette industry
ISLAMABAD (April 27 2004): To meet the revenue target during current fiscal year, the Central Board of Revenue (CBR) has…
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Revenue Board opposes SECP's budget proposal
ISLAMABAD (April 30 2004): The Central Board of Revenue (CBR) has strongly opposed the Securities and Exchange Commission of Pakistan…
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Hubco profit falls 8.6 percent
KARACHI (April 23 2004): Hub Power Company's profit in the nine months ended March 31 fell 8.6 percent to Rs…
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Indus Motor profit grows by 35 percent
KARACHI (April 26 2004): The Indus Motor Company in nine months ended March 31, 2004 recorded a growth of 35…
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ICI profit rises 25 percent in first quarter
KARACHI (April 26 2004): The profit of the ICI Pakistan Limited, in the first quarter ended March 31, 2004, rose…
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Adamjee Insurance declares 15 percent bonus
KARACHI (April 24 2004): Adamjee Insurance announced financial results for the year 2003 and declared a bonus of 15 percent…
