The taxpayers have been given facility to resolve disputes relating to income tax liability, admissibility of refund and waiver/fixation of penalty or fine under 'income tax alternative dispute resolution'.
President General Pervez Musharraf has summoned the National Assembly session to meet in the Parliament Building, Islamabad on August 13 (Friday) at 5.00 pm, a notification issued here on Wednesday said.
The Central Board of Revenue (CBR) has directed custom authorities at ports/dryports not to charge sales tax on the import of all types of machinery and equipment covered under all the concessionary customs notifications.
The Central Board of Revenue (CBR) has directed custom authorities at ports/dryports not to charge sales tax on the import of all types of machinery and equipment covered under all the concessionary customs notifications.
Pakistan Muslim League (N) has demanded of the Chief Election Commissioner (CEC) and Chief Justice of Pakistan to reject Finance Minister Shaukat Aziz's nomination for upcoming by-elections accusing him of submitting wrong details of his assets.
The UN World Food Programme (WFP) has embarked on an 18-month pilot nutrition intervention rural mothers and infants project, using a high protein blended food mix fortified with vitamins and minerals.
The Japanese Foreign Minister, Ms. Yoriko Kawaguchi, called on President General Pervez Musharraf and Prime Minister Chaudhry Shujaat Hussain on Wednesday morning.
Japanese Foreign Minister Yoriko Kawaguchi on Wednesday appreciated the economic progress made by Pakistan and said that Pakistan offers good opportunities to Japanese businessmen.
Foreign Minister Khurshid Mahmood Kasuri has accepted an invitation to visit Japan to resume talks with the Japanese leaders in Tokyo on the bilateral relations.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 11, 2004).
VNU, the world's largest market research firm, topped expectations with 7 percent first-half profit growth on Wednesday, helped by one-time tax gains and a swing to higher revenue at its key TV and retail tracking units.
Technology spending appears to be faltering, judging from cautious comments, rising inventories and a weaker-than-expected sales outlook at Cisco Systems Inc as well as bad news from other technology companies.
Russia's state debt agent Vneshekonombank (VEB) hopes to complete verification of the remaining $50-70 million of Soviet-era trade debt by the end of 2004 or start of 2005, a VEB official said on Wednesday.
A Pakistani Basmati road show will be held in Colombo during Ramazan to introduce its varieties in Sri Lanka. This was stated by the High Commissioner of Sri Lanka Bashir Wali during a visit to the office of Rice Exporters Association of Pakistan (Reap) a
A Pakistani Basmati road show will be held in Colombo during Ramazan to introduce its varieties in Sri Lanka. This was stated by the High Commissioner of Sri Lanka Bashir Wali during a visit to the office of Rice Exporters Association of Pakistan (Reap) a
State Bank Governor Dr Ishrat Hussain has expressed hope on next three years to bring golden opportunity for textile exporters to capture North American and European markets before China enters the hitherto quota-free market.
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Crews finished repairing a main pipeline in southern Iraq on Wednesday after sabotage stopped operations for three days and forced exports to run at a reduced rate, oil officials said.
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Latin America's Mercosur trade bloc resumed talks on a free trade deal with the European Union on Tuesday, warning that a deal was unlikely if Europe did not offer improved market access for farm goods.
Japan will soon say how it plans to privatise its postal service, Prime Minister Junichiro Koizumi's biggest and most controversial economic reform project to date and one that many say could be heading for a messy compromise.
Germany on Wednesday revised a key measure of July inflation higher, prompting analysts to suggest that progress in taming eurozone price pressures may be slower than expected.
Picic Commercial Bank has posted a record pre-tax profit of Rs 556 million for the first half of the year ended June 30, 2004, showing a rise of about 70 percent as compared to the corresponding period of the last year.
The Karachi Port handled 62,922 tonnes of cargo including 47,822 tonnes import and 15,100 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday.
Picic Commercial Bank has posted a record pre-tax profit of Rs 556 million for the first half of the year ended June 30, 2004, showing a rise of about 70 percent as compared to the corresponding period of the last year.
Soft red winter (SRW) wheat futures at the Chicago Board of Trade closed lower on Tuesday amid increasing global wheat production and a decline in soya, traders said.
Picic Commercial Bank has posted a record pre-tax profit of Rs 556 million for the first half of the year ended June 30, 2004, showing a rise of about 70 percent as compared to the corresponding period of the last year.
The Oil and Gas Regulatory Authority (Ogra) on Wednesday granted licence to Mari Gas Company Limited for sale of natural gas from Mari gas field to five categories of consumers/companies.
Ukraine exported 140,800 tonnes of grain through its sea ports in July, the first month of the new 2004/05 (July-June) season, analysts said on Wednesday, quoting data from ports.
The Oil and Gas Regulatory Authority (Ogra) on Wednesday granted licence to Mari Gas Company Limited for sale of natural gas from Mari gas field to five categories of consumers/companies.
Brazil's 2004/05 (May/April) cocoa arrivals in Bahia state totalled 852,157 60-kg bags by August 8, down 38.2 percent from 1.38 million bags a year ago, the Bahia Commercial Association said on Wednesday.
Japan has promised to consider resumption of yen loans to Pakistan, which were suspended in the aftermath of 1998 nuclear tests, and in the meanwhile has agreed to send a mission to assess various projects under the 'five-year assistance programme for Pak
Pakistan's palm oil imports, after languishing in the first week of August, are expected to rise in coming weeks ahead of a jump in consumption during the Muslim fasting month of Ramazan, dealers said on Wednesday.
Japan has promised to consider resumption of yen loans to Pakistan, which were suspended in the aftermath of 1998 nuclear tests, and in the meanwhile has agreed to send a mission to assess various projects under the 'five-year assistance programme for Pak
Strong demand from soya processors lifted cash soyabean basis bids in the US Midwest on Wednesday while corn bids were mostly steady to firm amid quiet farmer selling, dealers said.
Union Bank Limited has announced its results for the first half of 2004. The Board has approved an issue of one bonus share for every 10 shares held for the financial year 2004.
Brazilian sugarcane producers are taking advantage of a rare dry spell to catch up on a rain-delayed harvest which reduced sugar yields but could still result in record exports.
Union Bank Limited has announced its results for the first half of 2004. The Board has approved an issue of one bonus share for every 10 shares held for the financial year 2004.
India, the world's top edible oils buyer, is trying to hold off on palm oil purchases this month due to high tariffs and cargo rates as well as slack consumer demand, industry sources said on Wednesday.
Union Bank Limited has announced its results for the first half of 2004. The Board has approved an issue of one bonus share for every 10 shares held for the financial year 2004.
Market players and genuine traders offloaded their positions on the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid increase in index.
Modest trading was seen on cotton market on Wednesday as spinners and mills both actively participated in trading owing to matching prices with their psychological levels, dealers said.
Market players and genuine traders offloaded their positions on the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid increase in index.
Equities registered losses across the board on the Lahore Stock Exchange (LSE) amid reduced transaction volume partly on account of technical correction and lacking interest on the part of investors.
Equities registered losses across the board on the Lahore Stock Exchange (LSE) amid reduced transaction volume partly on account of technical correction and lacking interest on the part of investors.
NYBOT arabica coffee futures settled lower in an uneventful session on Tuesday, as most activity was focused on contract switching and spread trading, analysts and traders said.
The share market on Wednesday remained unsettled and shaky to close at 5,352.95, after it registered a decline of 15 points with the trading volume of 167 million only.
NYBOT cocoa front futures rose over 2 percent on speculator buying in an active session on Tuesday, despite favourable crop weather forecast for cocoa-rich Ivory Coast, traders and analysts said.
The share market on Wednesday remained unsettled and shaky to close at 5,352.95, after it registered a decline of 15 points with the trading volume of 167 million only.
Pak-India trade talks ended here on Wednesday without making any concrete progress on important trade-related issues. Both the sides remained hard on their status positions and, therefore, each other's demands could be called as reminder only.
The US cotton crop will likely be the biggest in 10 years, due to near ideal weather across the American cotton belt, and analysts said on Tuesday the cotton futures market has only partially priced in what is shaping up to be a bearish government crop re
Pak-India trade talks ended here on Wednesday without making any concrete progress on important trade-related issues. Both the sides remained hard on their status positions and, therefore, each other's demands could be called as reminder only.
India has again accused Pakistan, of backing freedom fighters active in occupied Kashmir, on final day of two-day bilateral inconclusive talks here on Wednesday.
Comex copper futures bounced back from Tuesdays slippage to 12-day lows on Tuesday to finish higher on Wednesday before a US Federal Reserve decision on interest rates and its effect on the dollar, brokers said.
India has again accused Pakistan, of backing freedom fighters active in occupied Kashmir, on final day of two-day bilateral inconclusive talks here on Wednesday.
Tokyo platinum futures rallied to a fresh two-month high on Wednesday on purchases by Japanese retail investors and fund operators that intensified after breaking key resistance with strong fundamentals backing sentiment.
The Trading Corporation of Pakistan (TCP), it appears, has been hoodwinked to buy hard red wheat, according to experts who spoke about the TCP tender to the Business Recorder on condition of anonymity.
Comex gold traded a tight range on Tuesday in the run-up to the widely expected Federal Reserve announcement after the precious metals market closed that US interest rates would go up another quarter percentage point, even as it acknowledged economic grow
The Trading Corporation of Pakistan (TCP), it appears, has been hoodwinked to buy hard red wheat, according to experts who spoke about the TCP tender to the Business Recorder on condition of anonymity.
Platinum rose to $852 an ounce in Asia on Wednesday, its highest price since April 22, before losing some of the gains to profit taking in the afternoon.
Pakistan Telecommunication Authority (PTA) on Wednesday arranged open bidding for awarding frequency of Wireless Local Loop (WLL) licences for Faisalabad and Central Telecom Region.
Shanghai copper futures rose on Wednesday on tight domestic spot supply, while the Fed's interest rate hike was largely within expectations and did not affect trade significantly, traders said.
Pakistan Telecommunication Authority (PTA) on Wednesday arranged open bidding for awarding frequency of Wireless Local Loop (WLL) licences for Faisalabad and Central Telecom Region.
Thai rubber futures rose on speculative buying on Wednesday as players bought contracts on expectations that expensive oil will boost price, brokers said.
With by-elections less than a week away, uncertainty vibes are rife about the future politics. Is the system likely to be transformed into presidential? is the question being often debated.
Tokyo rubber futures fell on Wednesday on profit-taking in extremely light trade, with the market unable to find sufficient incentives to hold onto morning gains.
The war against terror was being won in Afghanistan, but the country faced a new danger that threatened the entire international community, US Secretary of Defence Donald Rumsfeld warned on Wednesday.
NYBOT raw sugar futures closed softer on Tuesday on speculative long liquidation, which analysts feel will drag the market lower in the days ahead as funds wash out of positions built when the sweetener rallied to a 17-month high.
President General Pervez Musharraf has said that the government has taken certain important and big decisions to ensure funds availability for development projects and directed the concerned ministries to ensure proper execution of mega projects.
Oilseeds output in India, the world's top edible oil importer, is likely to fall by 7.6 percent to 23.1 million tonnes in the current crop year following poor rains in growing belts, a leading think tank said on Wednesday.
President General Pervez Musharraf has said that the government has taken certain important and big decisions to ensure funds availability for development projects and directed the concerned ministries to ensure proper execution of mega projects.
Chicago Board of Trade soyabean futures settled mixed on Tuesday, with August up on firm US cash prices amid the tightest US soya supplies in 27 years and deferred weak on improved US crop conditions, dealers said.
US marines said on Wednesday they were preparing a final assault on Iraqi Shia militia in the holy city of Najaf, after a radical cleric urged his men to keep fighting even if he was killed.