News Archives for Print - 2004-06-13

Foreign grants, loans estimated at Rs 156,814.774 million for next fiscal

Total foreign grants and loans are estimated at Rs 156,814.774 million for the next fiscal year against revised estimate of Rs 146,531.882 million for 2003-04.

Published 13 Jun, 2004 12:00am

Budget 2004-05
Wholesale concessions in Sales Tax & duties on machinery imports

Federal Finance Minister Shaukat Aziz in his fifth budget blazed a new trail in public finance. He announced a host of bold measures on Saturday, according extensive concessions and incentives to agriculture, industry and construction.

Published 13 Jun, 2004 12:00am

Yarn Prices

Karachi Yarn Market Rates

Karachi Yarn Market Rates on Saturday (June 12, 2004).

Published 13 Jun, 2004 12:00am

Budget 2004-05
Wholesale concessions in Sales Tax & duties on machinery imports

Federal Finance Minister Shaukat Aziz in his fifth budget blazed a new trail in public finance. He announced a host of bold measures on Saturday, according extensive concessions and incentives to agriculture, industry and construction.

Published 13 Jun, 2004 12:00am

Yarn Prices

Karachi Yarn Market Rates

Karachi Yarn Market Rates on Saturday (June 12, 2004).

Published 13 Jun, 2004 12:00am

Budget at a glance

Federal Budget for fiscal year 2004-05 at a glance.

Published 13 Jun, 2004 12:00am

Karachi Plastic/Urea Moulding Compounds Rates

Karachi Plastic/Urea Moulding Compounds Rates on Saturday (June 12, 2004).

Published 13 Jun, 2004 12:00am

Budget at a glance

Federal Budget for fiscal year 2004-05 at a glance.

Published 13 Jun, 2004 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 12, 2004).

Published 13 Jun, 2004 12:00am

Budget at a glance

Federal Budget for fiscal year 2004-05 at a glance.

Published 13 Jun, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 12, 2004).

Published 13 Jun, 2004 12:00am

Budget speech: on way to new era of investment and growth

The text of the speech made by the Federal Finance Minister on the floor of the National Assembly on Saturday.

Published 13 Jun, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 12, 2004).

Published 13 Jun, 2004 12:00am

Budget speech: on way to new era of investment and growth

The text of the speech made by the Federal Finance Minister on the floor of the National Assembly on Saturday.

Published 13 Jun, 2004 12:00am

The Weather

The weather report on Saturday (June 12) and the forecast for Sunday (June 13, 2004).

Published 13 Jun, 2004 12:00am

Budget speech: on way to new era of investment and growth

The text of the speech made by the Federal Finance Minister on the floor of the National Assembly on Saturday.

Published 13 Jun, 2004 12:00am

Revenue target fixed at Rs 580 billion

The government has fixed Rs 580 billion revenue target for financial year 2004-05, which is Rs 70 billion higher as compared to the target of Rs 510 billion for 2003-04.

Published 13 Jun, 2004 12:00am

Revenue target fixed at Rs 580 billion

The government has fixed Rs 580 billion revenue target for financial year 2004-05, which is Rs 70 billion higher as compared to the target of Rs 510 billion for 2003-04.

Published 13 Jun, 2004 12:00am

Revenue target fixed at Rs 580 billion

The government has fixed Rs 580 billion revenue target for financial year 2004-05, which is Rs 70 billion higher as compared to the target of Rs 510 billion for 2003-04.

Published 13 Jun, 2004 12:00am

CVT on shares to fetch Rs 7.2 billion

The federal government is expected to net Rs 7.2 billion in FY 2004-05, from the levy of 0.1 percent capital value tax on purchase value of shares, according to knowledgeable sources in the Karachi Stock Exchange.

Published 13 Jun, 2004 12:00am

CVT on shares to fetch Rs 7.2 billion

The federal government is expected to net Rs 7.2 billion in FY 2004-05, from the levy of 0.1 percent capital value tax on purchase value of shares, according to knowledgeable sources in the Karachi Stock Exchange.

Published 13 Jun, 2004 12:00am

CVT on shares to fetch Rs 7.2 billion

The federal government is expected to net Rs 7.2 billion in FY 2004-05, from the levy of 0.1 percent capital value tax on purchase value of shares, according to knowledgeable sources in the Karachi Stock Exchange.

Published 13 Jun, 2004 12:00am

CVT on shares to fetch Rs 7.2 billion

The federal government is expected to net Rs 7.2 billion in FY 2004-05, from the levy of 0.1 percent capital value tax on purchase value of shares, according to knowledgeable sources in the Karachi Stock Exchange.

Published 13 Jun, 2004 12:00am

Further 3 percent sales tax abolished

The Central Board of Revenue (CBR) has abolished 'further tax', and excluded certain types of Islamic banking and financing transactions from the purview of sales tax.

Published 13 Jun, 2004 12:00am

Further 3 percent sales tax abolished

The Central Board of Revenue (CBR) has abolished 'further tax', and excluded certain types of Islamic banking and financing transactions from the purview of sales tax.

Published 13 Jun, 2004 12:00am

Further 3 percent sales tax abolished

The Central Board of Revenue (CBR) has abolished ''further tax'', and excluded certain types of Islamic banking and financing transactions from the purview of sales tax.

Published 13 Jun, 2004 12:00am

Further 3 percent sales tax abolished

The Central Board of Revenue (CBR) has abolished ''''further tax'''', and excluded certain types of Islamic banking and financing transactions from the purview of sales tax.

Published 13 Jun, 2004 12:00am

Duty on import of new cars reduced

The government has reduced duty on import of new cars with a hope that the measure would help in lowering down the prices of locally made cars, besides ensuring their availability to the buyers at reasonable rates.

Published 13 Jun, 2004 12:00am

Duty on import of new cars reduced

The government has reduced duty on import of new cars with a hope that the measure would help in lowering down the prices of locally made cars, besides ensuring their availability to the buyers at reasonable rates.

Published 13 Jun, 2004 12:00am

Duty on import of new cars reduced

The government has reduced duty on import of new cars with a hope that the measure would help in lowering down the prices of locally made cars, besides ensuring their availability to the buyers at reasonable rates.

Published 13 Jun, 2004 12:00am

Income tax exemption limit raised to Rs 100,000

Finance Minister Shaukat Aziz during his budget speech for 2004-05 on Saturday announced that relief on limit of taxable income has been proposed to be enhanced from Rs 80,000 to Rs 100,000 to offset adverse effect of inflation and provide relief to the l

Published 13 Jun, 2004 12:00am

Income tax exemption limit raised to Rs 100,000

Finance Minister Shaukat Aziz during his budget speech for 2004-05 on Saturday announced that relief on limit of taxable income has been proposed to be enhanced from Rs 80,000 to Rs 100,000 to offset adverse effect of inflation and provide relief to the l

Published 13 Jun, 2004 12:00am

Income tax exemption limit raised to Rs 100,000

Finance Minister Shaukat Aziz during his budget speech for 2004-05 on Saturday announced that relief on limit of taxable income has been proposed to be enhanced from Rs 80,000 to Rs 100,000 to offset adverse effect of inflation and provide relief to the l

Published 13 Jun, 2004 12:00am

Income tax exemption limit raised to Rs 100,000

Finance Minister Shaukat Aziz during his budget speech for 2004-05 on Saturday announced that relief on limit of taxable income has been proposed to be enhanced from Rs 80,000 to Rs 100,000 to offset adverse effect of inflation and provide relief to the l

Published 13 Jun, 2004 12:00am

10 percent CED on paints, juices goes

The Central Board of Revenue (CBR) has withdrawn central excise duty on paints/varnishes, syrups, squashes and juices.

Published 13 Jun, 2004 12:00am

10 percent CED on paints, juices goes

The Central Board of Revenue (CBR) has withdrawn central excise duty on paints/varnishes, syrups, squashes and juices.

Published 13 Jun, 2004 12:00am

10 percent CED on paints, juices goes

The Central Board of Revenue (CBR) has withdrawn central excise duty on paints/varnishes, syrups, squashes and juices.

Published 13 Jun, 2004 12:00am

10 percent CED on paints, juices goes

The Central Board of Revenue (CBR) has withdrawn central excise duty on paints/varnishes, syrups, squashes and juices.

Published 13 Jun, 2004 12:00am

Businessmen hope budget will boost investment

Business Community has termed the federal budget for the year 2004-05 as growth-oriented and business friendly saying that efforts have been made to reduce cost of doing business and hoped that it will boost investment in the country.

Published 13 Jun, 2004 12:00am

Businessmen hope budget will boost investment

Business Community has termed the federal budget for the year 2004-05 as growth-oriented and business friendly saying that efforts have been made to reduce cost of doing business and hoped that it will boost investment in the country.

Published 13 Jun, 2004 12:00am

Duty on edible oil reduced

The government has accepted the long-awaited demand of vegetable ghee makers to reduce the duty on edible oil imports from 20 percent to 15 percent.

Published 13 Jun, 2004 12:00am

Duty on edible oil reduced

The government has accepted the long-awaited demand of vegetable ghee makers to reduce the duty on edible oil imports from 20 percent to 15 percent.

Published 13 Jun, 2004 12:00am

Duty on edible oil reduced

The government has accepted the long-awaited demand of vegetable ghee makers to reduce the duty on edible oil imports from 20 percent to 15 percent.

Published 13 Jun, 2004 12:00am

Duty on edible oil reduced

The government has accepted the long-awaited demand of vegetable ghee makers to reduce the duty on edible oil imports from 20 percent to 15 percent.

Published 13 Jun, 2004 12:00am

Duty on edible oil reduced

The government has accepted the long-awaited demand of vegetable ghee makers to reduce the duty on edible oil imports from 20 percent to 15 percent.

Published 13 Jun, 2004 12:00am

Only 15 percent rate of sales tax to be maintained

The government has decided to maintain a single rate of 15 percent sales tax and do away with higher rates of 18, 20 and 23 percent. The single rate of sales tax at 15 percent would substantially reduce the cash flow problems for the industries.

Published 13 Jun, 2004 12:00am

Only 15 percent rate of sales tax to be maintained

The government has decided to maintain a single rate of 15 percent sales tax and do away with higher rates of 18, 20 and 23 percent. The single rate of sales tax at 15 percent would substantially reduce the cash flow problems for the industries.

Published 13 Jun, 2004 12:00am

Only 15 percent rate of sales tax to be maintained

The government has decided to maintain a single rate of 15 percent sales tax and do away with higher rates of 18, 20 and 23 percent. The single rate of sales tax at 15 percent would substantially reduce the cash flow problems for the industries.

Published 13 Jun, 2004 12:00am

Only 15 percent rate of sales tax to be maintained

The government has decided to maintain a single rate of 15 percent sales tax and do away with higher rates of 18, 20 and 23 percent. The single rate of sales tax at 15 percent would substantially reduce the cash flow problems for the industries.

Published 13 Jun, 2004 12:00am

Budget aims at a humane society

The Federal Budget 2004-05 will be regarded as a gift by the senior citizens as it attempts to provides a more judicious way for them to earn a higher return on their life time savings.

Published 13 Jun, 2004 12:00am

Budget aims at a humane society

The Federal Budget 2004-05 will be regarded as a gift by the senior citizens as it attempts to provides a more judicious way for them to earn a higher return on their life time savings.

Published 13 Jun, 2004 12:00am

Budget aims at a humane society

The Federal Budget 2004-05 will be regarded as a gift by the senior citizens as it attempts to provides a more judicious way for them to earn a higher return on their life time savings.

Published 13 Jun, 2004 12:00am

CVT to cast negative impact on bourses: Fudda

Capital Value Tax (CVT) on shares trading has made the market punters upset as they see sudden drop in turnover which may push the market back on declining track.

Published 13 Jun, 2004 12:00am

CVT to cast negative impact on bourses: Fudda

Capital Value Tax (CVT) on shares trading has made the market punters upset as they see sudden drop in turnover which may push the market back on declining track.

Published 13 Jun, 2004 12:00am

CVT to cast negative impact on bourses: Fudda

Capital Value Tax (CVT) on shares trading has made the market punters upset as they see sudden drop in turnover which may push the market back on declining track.

Published 13 Jun, 2004 12:00am

Smokers to pay more

For last two years government has not increased the Central Excise Duty on cigarettes, but every July a packet of cigarettes of all categories had gone up as the industry increases the retail price to meet the revenue target negotiated with the government

Published 13 Jun, 2004 12:00am

Smokers to pay more

For last two years government has not increased the Central Excise Duty on cigarettes, but every July a packet of cigarettes of all categories had gone up as the industry increases the retail price to meet the revenue target negotiated with the government

Published 13 Jun, 2004 12:00am

Smokers to pay more

For last two years government has not increased the Central Excise Duty on cigarettes, but every July a packet of cigarettes of all categories had gone up as the industry increases the retail price to meet the revenue target negotiated with the government

Published 13 Jun, 2004 12:00am

Smokers to pay more

For last two years government has not increased the Central Excise Duty on cigarettes, but every July a packet of cigarettes of all categories had gone up as the industry increases the retail price to meet the revenue target negotiated with the government

Published 13 Jun, 2004 12:00am

Duty on import of 469 raw materials slashed

Under tariff rationalisation, the Central Board of Revenue (CBR) has reduced customs duty on the import of 469 industrial raw materials by 5 percent to 20 percent.

Published 13 Jun, 2004 12:00am

Duty on import of 469 raw materials slashed

Under tariff rationalisation, the Central Board of Revenue (CBR) has reduced customs duty on the import of 469 industrial raw materials by 5 percent to 20 percent.

Published 13 Jun, 2004 12:00am

Duty on import of 469 raw materials slashed

Under tariff rationalisation, the Central Board of Revenue (CBR) has reduced customs duty on the import of 469 industrial raw materials by 5 percent to 20 percent.

Published 13 Jun, 2004 12:00am

Mobile phone activation charges halved

Giving a major relief to the mobile phone companies, the government has slashed activation charges on mobile phones from Rs 2,000 to Rs 1,000.

Published 13 Jun, 2004 12:00am

Mobile phone activation charges halved

Giving a major relief to the mobile phone companies, the government has slashed activation charges on mobile phones from Rs 2,000 to Rs 1,000.

Published 13 Jun, 2004 12:00am

LTU to be set up in Islamabad next year

To facilitate taxpayers, the Central Board of Revenue (CBR) will establish a Large Taxpayers Unit (LTU) in Islamabad next year for which the work had already started.

Published 13 Jun, 2004 12:00am

Foreign grants, loans estimated at Rs 156,814.774 million for next fiscal

Total foreign grants and loans are estimated at Rs 156,814.774 million for the next fiscal year against revised estimate of Rs 146,531.882 million for 2003-04.

Published 13 Jun, 2004 12:00am

Tax exemptions to Fata units causing Rs 1.5 billion revenue loss

The government is incurring a loss of Rs 1.5 billion annually due to exemptions of income tax and sales tax given to Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA), said a spokesman of Sarhad Chamber of Commer

Published 13 Jun, 2004 12:00am

Western firms tighten security after Saudi Arabia attacks

Many Western firms in Saudi Arabia are taking security into their own hands after al Qaeda militants eluded a crackdown by authorities to stage a string of deadly attacks on foreigners in the past month.

Published 13 Jun, 2004 12:00am

US general approved pressure tactics on Iraqi prisoners

The top US military commander in Iraq approved high-pressure tactics used on inmates at the infamous Abu Ghraib prison, The Washington Post reported Saturday.

Published 13 Jun, 2004 12:00am

Blair faces critics over local poll defeat

A humbled Tony Blair returned to Britain on Saturday to face Labour party critics after a voter backlash against the invasion of Iraq led to an unprecedented trouncing in local elections.

Published 13 Jun, 2004 12:00am

APTBA terms budget as revolutionary

All Pakistan Tax Bar Association (APTBA) has termed the budget for 2004-05 as "Bold and Revolutionary".

Published 13 Jun, 2004 12:00am

Pak-UK defence forum ends: two MoUs signed

The two-day sixth meeting of "Pak-UK Defence Co-operation Forum" concluded here on Friday under discussion on two memorandum of understanding (MoUs) of mutual co-operation which would be signed in the near future.

Published 13 Jun, 2004 12:00am

Workshop identifies problems of livestock sector

A workshop on "Identification of Problems in Livestock Sector" organised by the Provincial Management of Sindh for strengthening of livestock service project (SLSP) held here on Saturday.

Published 13 Jun, 2004 12:00am

Possible change at Centre 'indicated' in National Assembly

During the budget speech in the National Assembly on Saturday, Humayun Akhtar remained busy in hugging and shaking hands with various treasury members, which is seen as an 'indication of possible change at the Centre'.

Published 13 Jun, 2004 12:00am

'Sindh cabinet meets on June 13 to discuss budget'

Sindh Chief Minister, Dr Arbab Ghulam Rahim, has said that a meeting of the provincial cabinet would be convened on Sunday to discuss the budget to be presented on June 16.

Published 13 Jun, 2004 12:00am

Al Qaeda camps present in Shakai, Senate told

Interior Minister Makhdoom Faisal Saleh Hayat on Saturday said that camps and firing ranges of al Qaeda are present in the Shakai area.

Published 13 Jun, 2004 12:00am

Levy of CVT on share trading criticised

People associated with the stock market have condemned the levy of Capital Value Tax (CVT) over shares' transactions proposed in the federal budget 2004-05 and said it will put an additional burden on brokers, which would cause a negative impact on the ca

Published 13 Jun, 2004 12:00am

Levy of CVT on share trading criticised

People associated with the stock market have condemned the levy of Capital Value Tax (CVT) over shares' transactions proposed in the federal budget 2004-05 and said it will put an additional burden on brokers, which would cause a negative impact on the ca

Published 13 Jun, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 14	280.68
USD PKR Interbank Buying / Apr 14	280.48
USD to Japanese Yen / Apr 14	142.49
USD to Swiss Franc / Apr 14	0.81
Pound Sterling to USD / Apr 14	1.32
Euro to USD / Apr 14	1.14
UK LIBOR % / Apr 11	4.96

Stock	Volume
S&P 500 / Apr 11	5,363.36
India Sensex / Apr 11	75,157.26
Nasdaq / Apr 11	16,724.46
Dow Jones / Apr 11	40,212.71
Tokyo Nikkei / Apr 14	33,982.36
Hang Seng / Apr 14	21,367.90
FTSE 100 / Apr 14	8,113.87
Germany DAX 30 / Apr 14	20,831.83
France CAC40 / Apr 14	7,259.65

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 11	16,785
Gold 10 Grams PKR / Apr 11	290,466
Crude Oil USD/Barrel / Apr 14	61.28
Gold Spot USD/Ounce / Apr 14	3,229.53
Cotton US¢/pound / Apr 14	67.08
Petrol/Litre / Apr 15	254.63
Diesel/Litre / Apr 15	258.64

Stock	Price
Pak Agro Pack. (GEM) / Apr 14 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.84 ▲ 0.99 (12.61%)
Ruby Textile / Apr 14 Ruby Textile Mills Limited(RUBY)	7.80 ▲ 0.86 (12.39%)
Tariq Corporation / Apr 14 Tariq Corporation Limited(TCORP)	14.69 ▲ 1.34 (10.04%)
Secure Logistics / Apr 14 Secure Logistics Group Limited(SLGL)	14.83 ▲ 1.35 (10.01%)
Engro Powergen / Apr 14 Engro Powergen Qadirpur Limited(EPQL)	35.27 ▲ 3.21 (10.01%)
Dandot Cement / Apr 14 Dandot Cement Company Limited(DNCC)	15.29 ▲ 1.39 (10%)
Bawany Air Products / Apr 14 Bawany Air Products Limited(BAPL)	31.80 ▲ 2.89 (10%)
J.K.Spinning / Apr 14 J.K. Spinning Mills Limited(JKSM)	64.35 ▲ 5.85 (10%)
PIA Holding Co.B / Apr 14 PIA Holding Company Limited B(PIAHCLB)	1,462.40 ▲ 132.95 (10%)
Frontier Ceram / Apr 14 Frontier Ceramics Limited(FRCL)	27.50 ▲ 2.5 (10%)

Stock	Price
Habib Ins. / Apr 14 Habib Insurance Company Limited(HICL)	7.95 ▼ -1.26 (-13.68%)
Oilboy Energy(R) / Apr 14 Oilboy Energy Limited(R)(OBOYR2)	1.62 ▼ -0.24 (-12.9%)
Fateh Ind. / Apr 14 Fateh Industries Limited(FIL)	119.56 ▼ -13.27 (-9.99%)
Sindh Abadgar / Apr 14 Sindh Abadgar's Sugar Mills Limited(SASML)	52.50 ▼ -5.83 (-9.99%)
TPL Life Insur. / Apr 14 TPL Life Insurance Limited(TPLL)	49.35 ▼ -5.46 (-9.96%)
Hafiz Ltd. / Apr 14 Hafiz Limited(HAFL)	255 ▼ -26.68 (-9.47%)
Baba Farid Sugar / Apr 14 Baba Farid Sugar Mills Limited(BAFS)	53 ▼ -5.43 (-9.29%)
Mughal Energy / Apr 14 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
First Elite Cap.Mod / Apr 14 First Elite Capital Modaraba(FECM)	16 ▼ -1.59 (-9.04%)
Shahzad Tex. / Apr 14 Shahzad Textile Mills Limited(SZTM)	27.26 ▼ -2.61 (-8.74%)

Stock	Volume
Cnergyico PK / Apr 14 Cnergyico PK Limited(CNERGY)	54,444,707 ▲ 0.23
Pak Int.Bulk / Apr 14 Pakistan International Bulk Terminal(PIBTL)	45,023,605 ▲ 0.5
Pak Elektron / Apr 14 Pak Elektron Limited(PAEL)	40,742,036 ▼ -0.01
Sui South Gas / Apr 14 Sui Southern Gas Company Limited(SSGC)	38,084,018 ▲ 2.37
B.O.Punjab / Apr 14 The Bank of Punjab(BOP)	33,174,212 ▲ 0.16
Citi Pharma Ltd / Apr 14 Citi Pharma Limited(CPHL)	25,349,324 ▲ 1.66
WorldCall Telecom / Apr 14 Worldcall Telecom Limited(WTL)	15,776,896 ▲ 0.02
Power Cement / Apr 14 Power Cement Limited(POWER)	14,852,543 ▼ -0.08
Dewan Cement / Apr 14 Dewan Cement Limited(DCL)	14,486,660 ▲ 0.86
K-Electric Ltd. / Apr 14 K-Electric Limited(KEL)	13,484,387 ▼ -0.04

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