Economic and Finance News
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MCB declares 12.5 percent second interim dividend: net profit rises 41 percent in nine months
KARACHI (October 31 2003): The Muslim Commercial Bank declared a second interim dividend of 12.5 percent as its net profit…
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Rebate allowed on snacks export
ISLAMABAD (October 29 2003): The Central Board of Revenue (CBR) has given duty drawback on the export of snacks from…
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SBP issues new Prudential Regulations for corporate, SMEs and consumer sectors
KARACHI (October 29 2003): The State Bank of Pakistan on Tuesday issued three new separate Prudential Regulations for Corporate Banking,…
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Revenue Board planning to do away with SRO 410 incentives
ISLAMABAD (October 28 2003): To make the 'Duty and Tax Remission for Export' (DTRE) Rules more attractive for exporters, the…
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SECP curb on COT to hurt badla investment
KARACHI (October 27 2003): The Securities and Exchange Commission's (SECP) ruling to restrict carry over transaction to 30 companies from…
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SECP explains amendments in companies deposit rules
KARACHI (October 26 2003): The Securities and Exchange Commission of Pakistan (SECP) has further clarified the amendments made to the…
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Revenue Board to focus on auditors' training
ISLAMABAD (October 26 2003): The Central Board of Revenue (CBR) has decided to focus on capacity building and training of…
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NBP nine-month profit likely to double
KARACHI (October 27 2003): National Bank of Pakistan's (NBP) profit in the nine months ended September 30, 2003, would be…
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Five new medium taxpayer units established
ISLAMABAD (October 23 2003): To provide all tax facilities to medium-scale industry under one roof, the Central Board of Revenue…
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Banks allowed to set up asset management subsidiaries
KARACHI (October 23 2003): The State Bank of Pakistan on Wednesday allowed commercial banks to establish their own 'Asset Management…
