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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-07-02
High interest rates stunt LSM growth

High interest rates stunt LSM growth

The country has missed its large-scale manufacturing (LSM) growth target of 12.5 percent by 4 percent in the wake of high interest rates and increased cost of doing business in the country, reliable sources said.
Published 02 Jul, 2007 12:00am
HEALTH UPDATE: overweight elderly don't have higher death rates

HEALTH UPDATE: overweight elderly don't have higher death rates

After the age of 80, carrying a few extra pounds may not subtract years from your lifespan, a new study from Japan shows. Among a group of 80-year-olds followed for four years, the researchers found that underweight individuals were more likely to die fro
Published 02 Jul, 2007 12:00am
HEALTH UPDATE: placebo effect in acupuncture

HEALTH UPDATE: placebo effect in acupuncture

Acupuncture can relieve knee pain due to arthritis, but the benefits may be partly from a placebo effect. Previous studies have come to inconsistent conclusions about the effectiveness of acupuncture for treating knee osteoarthritis, NDTV reports.
Published 02 Jul, 2007 12:00am
Potential cure for HIV discovered

Potential cure for HIV discovered

In a breakthrough that could potentially lead to a cure for HIV infection, scientists have discovered a way to remove the virus from infected cells, a study released on June 28 said. The scientists engineered an enzyme, which attacks the DNA of the HIV vi
Published 02 Jul, 2007 12:00am
Desertification may lead to mass migrations

Desertification may lead to mass migrations

Governments must adopt strategies to mitigate the effects of desertification, which are aggravated by climate change and could lead to mass migrations of people in the next decade, a new UN study has cautioned.
Published 02 Jul, 2007 12:00am
Eat potatoes for strong immunity

Eat potatoes for strong immunity

Eating potatoes could have a beneficial effect on the immune system, says a study conducted by Spanish researchers. The vegetable is considered to be rich in vitamin C, B-complex vitamins and has good doses of minerals like iron, calcium, manganese, magne
Published 02 Jul, 2007 12:00am
Physicians advise caution against post-monsoon health conditions

Physicians advise caution against post-monsoon health conditions

Physicians appreciating measures by the city as well as provincial government for taking care of sanitation following three day rain-fall have advised masses to take due stock of possible post monsoon outbreak of ailments.
Published 02 Jul, 2007 12:00am
Lightning injury expert offers safety tips

Lightning injury expert offers safety tips

The biggest misconception people have about getting struck by lightning, one of the world's leading experts on lightning strike injuries says, is that it won't happen to them.
Published 02 Jul, 2007 12:00am
Oral cancer, second most common among youth

Oral cancer, second most common among youth

Oral cancer the sixth commonest cancer in the world has turned to be the second most common type of cancer in Pakistan with almost 45 percent of new cases pertaining to age group between 20 years to 30 years.
Published 02 Jul, 2007 12:00am
Millennium targets at risk without new funds: UN

Millennium targets at risk without new funds: UN

The world will struggle to meet the Millennium Development Goals on eradicating extreme poverty unless rich countries boost their international aid budgets, UN Secretary-General Ban Ki-moon said on Monday.
Published 02 Jul, 2007 12:00am
E ON chief criticises Germany on energy policy

E ON chief criticises Germany on energy policy

The German government is overly focused on climate protection and lacks a coherent long-term energy strategy, the head of utility E.ON said ahead of a top-level policy meeting in Berlin this week.
Published 02 Jul, 2007 12:00am
'Three Gorges dam project mis-managed'

'Three Gorges dam project mis-managed'

A six-month investigation into the bill for China's huge Three Gorges dam has unearthed widespread mis-management, state media reported Sunday. The National Audit Office detected extra construction costs of 488 million yuan (64 million dollars), most of i
Published 02 Jul, 2007 12:00am
Yemen battles worst locust swarm in 14 years

Yemen battles worst locust swarm in 14 years

Locusts in Yemen have swept across 70,000 hectares of desert and threaten to swarm into farmlands in the worst plague to hit the impoverished country since 1993, officials warned on Sunday.
Published 02 Jul, 2007 12:00am
ADB plans loans to small Philippine power groups

ADB plans loans to small Philippine power groups

The Asian Development Bank (ADB) is planning to provide up to $100 million in loans to Philippine electric co-operatives to help them prepare for a retail open access electricity market by 2009, a bank official said.
Published 02 Jul, 2007 12:00am
US airline unions showing signs of revival

US airline unions showing signs of revival

Airline unions, still nursing wounds after a bruising six-year clash with cash-strapped carriers, are getting ready to reclaim lost wages and benefits for workers, as well as some lost clout for themselves.
Published 02 Jul, 2007 12:00am
UK's Fraud Office to question BAE executives

UK's Fraud Office to question BAE executives

Britain's Serious Fraud Office is about to begin a second series of interviews under caution with executives from defence group BAE Systems Plc implicated in allegations of corruption, the Sunday Telegraph newspaper said.
Published 02 Jul, 2007 12:00am
East Asia monetary fund in sight: Thai minister

East Asia monetary fund in sight: Thai minister

East Asian countries will have their own monetary fund in around five years to promote exchange rate stability and to help ward off a future regional currency crisis, Thailand's finance minister said on Sunday.
Published 02 Jul, 2007 12:00am
Europe warns China to ensure respect for new labour law

Europe warns China to ensure respect for new labour law

An influential European business group on Sunday said China must ensure a new law to help workers is respected, as the effectiveness of similar legislation has been "non-existent" in the past. A controversial bill on contract labour approved on Friday wil
Published 02 Jul, 2007 12:00am
Algeria's CPA bank reports $110 million profit

Algeria's CPA bank reports $110 million profit

Algerian bank Credit Populaire d'Algerie (CPA), due to be privatised later this year, made a 7.9 billion-dinar ($110 million) net profit in 2006, a government-owned newspaper reported on Sunday. El Moudjahid provided no figure for 2005 but said CPA's tota
Published 02 Jul, 2007 12:00am
Algeria's CPA bank reports $110 million profit

Algeria's CPA bank reports $110 million profit

Algerian bank Credit Populaire d'Algerie (CPA), due to be privatised later this year, made a 7.9 billion-dinar ($110 million) net profit in 2006, a government-owned newspaper reported on Sunday. El Moudjahid provided no figure for 2005 but said CPA's tota
Published 02 Jul, 2007 12:00am
Australian market's bull-run expected to continue

Australian market's bull-run expected to continue

The Australian share market will continue to soar this financial year as a China-driven resources boom that fuelled 24 percent growth in the past 12 months shows no signs of abating, analysts say. The benchmark S&P/ASX 200 rose 1,201.0 points to 6,274.9 i
Published 02 Jul, 2007 12:00am
Baseball: Oakland hands Yankees another loss

Baseball: Oakland hands Yankees another loss

The Oakland Athletics blanked the New York Yankees 7-0 on Saturday to hand the struggling Yankees their eighth loss in 10 games. Chad Gaudin (7-3) had a no-hitter going into the sixth inning before giving up a single to Johnny Damon. It was the only hit h
Published 02 Jul, 2007 12:00am
Sakata defends WBA flyweight title

Sakata defends WBA flyweight title

Japan's Takefumi Sakata avenged his loss in December by beating Roberto Vasquez of Panama to defend the World Boxing Association flyweight title on Sunday. There was no knockdown in the scheduled 12 rounds but Sakata took the initiative to send Vasquez to
Published 02 Jul, 2007 12:00am
O'Brien sweeps Irish Derby 1-2-3

O'Brien sweeps Irish Derby 1-2-3

Trainer Aidan O'Brien saddled the first three home in the Irish Derby at The Curragh on Sunday. Soldier Of Fortune (5-1), the mount of Seamus Heffernan, raced home nine lengths clear of stable companion Alexander Of Hales (33-1), partnered by Mick Kinane.
Published 02 Jul, 2007 12:00am
New Zealand McMillan to captain MCC

New Zealand McMillan to captain MCC

New Zealand all-rounder Craig McMillan will captain Marylebone Cricket Club (MCC) against Sri Lanka 'A' at Arundel, southern England, in a three-day first class fixture from July 10-12, the club announced here Sunday.
Published 02 Jul, 2007 12:00am
Djokovic sets himself lofty goals

Djokovic sets himself lofty goals

Serbia's Novak Djokovic sauntered around the players' lounge at Wimbledon last week engaging in light-hearted banter, occasionally peering at a monitor to check the scores from the courts outside. His cheeky, boyish face and jet black "brush-top" haircut
Published 02 Jul, 2007 12:00am
Hantuchova for revenge against Serena

Hantuchova for revenge against Serena

Daniela Hantuchova will want to settle an old score against Serena Williams on Monday. The last time the slender Slovakian met Williams at Wimbledon, she managed to win just five games as her elegant strokeplay was blunted by the fierce power of the Ameri
Published 02 Jul, 2007 12:00am
Edwards 5/45 causes England collapse

Edwards 5/45 causes England collapse

Fidel Edwards took five for 45 as the West Indies bowled England out for 225 in the first innings of the first one-day international at Lord's on Sunday. England were 184 for four when the game was halted for an hour by rain and when play resumed with 7.2
Published 02 Jul, 2007 12:00am
Becker slams British wildcards

Becker slams British wildcards

Triple Wimbledon champion Boris Becker has hit out at the wildcard system used to give British players a chance of Grand Slam action. Every year a handful of British men and women are given a free-ride straight into the first round draw at the All England
Published 02 Jul, 2007 12:00am
Sailing competition: America's Cup showdown postponed

Sailing competition: America's Cup showdown postponed

Alinghi had everything lined up to win the America's Cup on Sunday but the crunch race was postponed because the vital ingredient was missing - wind. The Swiss syndicate lead Team New Zealand 4-2 in the best-of-nine series and will now have to wait until
Published 02 Jul, 2007 12:00am
Britain's Storm captures French Open by one shot

Britain's Storm captures French Open by one shot

Britain's Graeme Storm won the French Open on Sunday by a shot from Denmark's overnight leader Soren Hansen after starting out five strokes behind. The former British Amateur champion became the European Tour's 14th first time winner of the season as he c
Published 02 Jul, 2007 12:00am
Spectacular strikes boost China

Spectacular strikes boost China

A pair of spectacular strikes brightened China's Asian Cup hopes as a combined China-Hong Kong team beat FIFA World Stars 2-0 in the Reunification Cup on Sunday.
Published 02 Jul, 2007 12:00am
Be bold, pick Sochi for 2014, says Putin

Be bold, pick Sochi for 2014, says Putin

Russian President Vladimir Putin on Sunday urged the International Olympic Committee (IOC) to move away from traditional winter Olympic venues and pick the Black Sea resort of Sochi for the 2014 Games. The IOC has shortlisted Sochi, Salzburg in Austria an
Published 02 Jul, 2007 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 01, 2007).
Published 02 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Sunday (July 01, 2007) and the forecast for Monday (July 02, 2007).
Published 02 Jul, 2007 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 25 to 30, 2007).

Published 02 Jul, 2007 12:00am
PEL signs joint venture with Moroccan firm

PEL signs joint venture with Moroccan firm

Petroleum Exploration (Pvt) Limited (PEL) has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa.
Published 02 Jul, 2007 12:00am
PEL signs joint venture with Moroccan firm

PEL signs joint venture with Moroccan firm

Petroleum Exploration (Pvt) Limited (PEL) has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa.
Published 02 Jul, 2007 12:00am
PEL signs joint venture with Moroccan firm

PEL signs joint venture with Moroccan firm

Petroleum Exploration (Pvt) Limited (PEL) has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa.
Published 02 Jul, 2007 12:00am
Hoarding, cap on rates lower rice exports

Hoarding, cap on rates lower rice exports

Not only has an artificial and exorbitant increase in prices of rice led to the imposition of a cap or limited the amount of money that can be charged for each kilogram of rice by the UAE, it has resulted in a decline of exports, putting Pakistani exporte
Published 02 Jul, 2007 12:00am
Hoarding, cap on rates lower rice exports

Hoarding, cap on rates lower rice exports

Not only has an artificial and exorbitant increase in prices of rice led to the imposition of a cap or limited the amount of money that can be charged for each kilogram of rice by the UAE, it has resulted in a decline of exports, putting Pakistani exporte
Published 02 Jul, 2007 12:00am
Hoarding, cap on rates lower rice exports

Hoarding, cap on rates lower rice exports

Not only has an artificial and exorbitant increase in prices of rice led to the imposition of a cap or limited the amount of money that can be charged for each kilogram of rice by the UAE, it has resulted in a decline of exports, putting Pakistani exporte
Published 02 Jul, 2007 12:00am
Heavy rains expected to lash country up to Friday

Heavy rains expected to lash country up to Friday

Heavy rainfall and flooding is expected to affect several parts of the country from Sunday to July 6 due to arrival of a new intense weather system in Pakistan, according to Chief Meteorologist of Flood Forecasting Division of Pakistan Meteorological Depa
Published 02 Jul, 2007 12:00am
PAF transported 380 tons relief goods

PAF transported 380 tons relief goods

Pakistan Airforce has undertaken a large-scale relief operation for the rain victims in Sindh and Balochistan provinces, a PAF statement said on Sunday. Pakistan Air Force's C-130 transport aircraft carried out 35 relief flights with 380 tonnes relief goo
Published 02 Jul, 2007 12:00am
KPT finalises Rs 240 million deal with CBA

KPT finalises Rs 240 million deal with CBA

The management of Karachi Port Trust (KPT) and its Collective Bargaining Agent - the United Workers Front of KPT - has entered a Rs 240 million Charter of Demand for two years. When contacted, a senior official of KPT confirmed to Business Recorder </i
Published 02 Jul, 2007 12:00am
Supreme Court resumes hearing of Chief Justice petition today

Supreme Court resumes hearing of Chief Justice petition today

The Supreme Court on Monday will resume the hearing on the petition of Chief Justice Iftikhar Muhammad Chaudhry challenging a reference against him, composition of the SJC and its competence to try the Chief Justice.
Published 02 Jul, 2007 12:00am
Pakistan releases 50 Indian prisoners

Pakistan releases 50 Indian prisoners

Fifty Indian prisoners were released from Landhi District Jail here on Sunday morning and sent to Wagha border in vehicles of Ansar Burney Trust to hand them over to Indian officials. All expenses to send them to India have been met by Ansar Burney Trust
Published 02 Jul, 2007 12:00am
Young Leaders' Conference opens amidst fanfare

Young Leaders' Conference opens amidst fanfare

The Young Leaders' Conference-2007 commenced here at local hotel amidst great fanfare and enthusiasm. The six-day conference is an annual event, organised by the School of Leadership (SoL), Karachi.
Published 02 Jul, 2007 12:00am
Car import policy puts dealers Rs 12 billion at stake: APMDA

Car import policy puts dealers Rs 12 billion at stake: APMDA

The government decision to import three years old cars, instead of five years old, has not only led to an upsurge in premium of local cars but has also put on stake Rs 12 billion of dealers as between 3000 to 3500 vehicles are stuck up at Japanese ports,
Published 02 Jul, 2007 12:00am
Sindh University syndicate lauds academic services of Dr Abassi

Sindh University syndicate lauds academic services of Dr Abassi

Sindh University syndicate has approved naming of newly constructed Post Graduate Girls Hostel as Dr. Aapa Shams Abassi Post Graduate Girls Hostel in recognition of her valuable services in education, especially in girls education in rural and urban parts
Published 02 Jul, 2007 12:00am
FTO directs CBR to refund Rs 58.192 million to complainant

FTO directs CBR to refund Rs 58.192 million to complainant

The Federal Tax Ombudsman, former Justice Munir A. Sheikh, has instructed the Central Board of Revenue to refund Rs 58.192 million to a complainant of Peshawar. The complainant is a consortium of three parties namely the Nayab International, the Ashad Exp
Published 02 Jul, 2007 12:00am
Punjab University starts summer camp

Punjab University starts summer camp

'Punjab University sports department should start programmes for university students like summer camp in the vacations to provide relief after the whole year's study and for their physical fitness and growth'.
Published 02 Jul, 2007 12:00am
'Dunya Kahen Jisay' a unique Urdu travelogue

'Dunya Kahen Jisay' a unique Urdu travelogue

The late noted British sci-fi writer Kingsley William Amis (1922-1995) described Oxford thus in a poem: "Here is a list of things I have understood.
Published 02 Jul, 2007 12:00am
Foreign cyclists in Islamabad

Foreign cyclists in Islamabad

Two cyclists from France and Russia, who arrived in Pakistan through the Karakoram highway, said they found the country fascinating and praised the warm hospitality of the people.
Published 02 Jul, 2007 12:00am
PRM criticises government role on crises

PRM criticises government role on crises

The People's Rights Movement (PRM) on Sunday sought ending army role in politics and held the present government responsible for mishandling crisis like situations in Karachi, Balochistan, Waziristan and even in Islamabad.
Published 02 Jul, 2007 12:00am
LSE remains bullish

LSE remains bullish

Pushed by buying interest in cements, fertilisers, JOVC, Arif Habib Securities, key banks and insurance sector, the share market moved forward and ended the outgoing week with a net gain of 2.21 percent, with also a tangible improvement in volume, depicti
Published 02 Jul, 2007 12:00am
LSE remains bullish

LSE remains bullish

Pushed by buying interest in cements, fertilisers, JOVC, Arif Habib Securities, key banks and insurance sector, the share market moved forward and ended the outgoing week with a net gain of 2.21 percent, with also a tangible improvement in volume, depicti
Published 02 Jul, 2007 12:00am
CFS rates hit 16-week high

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am
CFS rates hit 16-week high

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am
CFS rates hit 16-week high

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am
CFS rates hit 16-week high

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am
KSE-100 index gains 379.99 points

KSE-100 index gains 379.99 points

The Karachi share market during last week ending on June 30, 2007, which was also the last week of fiscal year 2006-07, resumed an upward movement and the KSE-100 index crossed 13,800 points mark before closing at a new high level of 13,772.46 points, wit
Published 02 Jul, 2007 12:00am
KSE-100 index gains 379.99 points

KSE-100 index gains 379.99 points

The Karachi share market during last week ending on June 30, 2007, which was also the last week of fiscal year 2006-07, resumed an upward movement and the KSE-100 index crossed 13,800 points mark before closing at a new high level of 13,772.46 points, wit
Published 02 Jul, 2007 12:00am
KSE-100 index gains 379.99 points

KSE-100 index gains 379.99 points

The Karachi share market during last week ending on June 30, 2007, which was also the last week of fiscal year 2006-07, resumed an upward movement and the KSE-100 index crossed 13,800 points mark before closing at a new high level of 13,772.46 points, wit
Published 02 Jul, 2007 12:00am
Heavy rains expected to lash country up to Friday

Heavy rains expected to lash country up to Friday

Heavy rainfall and flooding is expected to affect several parts of the country from Sunday to July 6 due to arrival of a new intense weather system in Pakistan, according to Chief Meteorologist of Flood Forecasting Division of Pakistan Meteorological Depa
Published 02 Jul, 2007 12:00am
High interest rates stunt LSM growth

High interest rates stunt LSM growth

The country has missed its large-scale manufacturing (LSM) growth target of 12.5 percent by 4 percent in the wake of high interest rates and increased cost of doing business in the country, reliable sources said.
Published 02 Jul, 2007 12:00am
High interest rates stunt LSM growth

High interest rates stunt LSM growth

The country has missed its large-scale manufacturing (LSM) growth target of 12.5 percent by 4 percent in the wake of high interest rates and increased cost of doing business in the country, reliable sources said.
Published 02 Jul, 2007 12:00am
Privatisation of PMDC mines recommended

Privatisation of PMDC mines recommended

The Privatisation Commission (PC) has recommended privatisation of salt and coal mines projects of Pakistan Mineral Development Corporation (PMDC) as separate transactions, official sources told Business Recorder.
Published 02 Jul, 2007 12:00am
Privatisation of PMDC mines recommended

Privatisation of PMDC mines recommended

The Privatisation Commission (PC) has recommended privatisation of salt and coal mines projects of Pakistan Mineral Development Corporation (PMDC) as separate transactions, official sources told Business Recorder.
Published 02 Jul, 2007 12:00am
Privatisation of PMDC mines recommended

Privatisation of PMDC mines recommended

The Privatisation Commission (PC) has recommended privatisation of salt and coal mines projects of Pakistan Mineral Development Corporation (PMDC) as separate transactions, official sources told Business Recorder.
Published 02 Jul, 2007 12:00am
SITUATIONER: a litmus test for government concern for people

SITUATIONER: a litmus test for government concern for people

If you know about dangers before they happen, you can be better prepared for them. A calamitous scenario forecast by the Flood Forecasting Bureau in the shape of a statement that disasters could happen in these four days has frightened people already reel
Published 02 Jul, 2007 12:00am
SITUATIONER: a litmus test for government concern for people

SITUATIONER: a litmus test for government concern for people

If you know about dangers before they happen, you can be better prepared for them. A calamitous scenario forecast by the Flood Forecasting Bureau in the shape of a statement that disasters could happen in these four days has frightened people already reel
Published 02 Jul, 2007 12:00am
JFK airport closed briefly

JFK airport closed briefly

Terminal three of London's Heathrow airport was closed late Sunday night after suspicious package found there. According to BBC, police is inspecting the package. A news channel has claimed that the five suspects arrested in connection with Saturday's ter
Published 02 Jul, 2007 12:00am
THE RUPEE: firm trend in money market

THE RUPEE: firm trend in money market

At the end of the outgoing fiscal year (2007-08), the rupee maintained a firm posture against the dollar in the currency market, the week ending June 30, analysts said.
Published 02 Jul, 2007 12:00am
THE RUPEE: firm trend in money market

THE RUPEE: firm trend in money market

At the end of the outgoing fiscal year (2007-08), the rupee maintained a firm posture against the dollar in the currency market, the week ending June 30, analysts said.
Published 02 Jul, 2007 12:00am
Steel sector to pay Rs 3800 per ton fixed sales tax

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am
Missionary school attack suspects held

Missionary school attack suspects held

The Punjab police in collaboration with other law-enforcement agencies have arrested eight terrorists belonging to a defunct religious organisation, said Additional IG Police Malik Iqbal at a press conference here on Sunday.
Published 02 Jul, 2007 12:00am
Missionary school attack suspects held

Missionary school attack suspects held

The Punjab police in collaboration with other law-enforcement agencies have arrested eight terrorists belonging to a defunct religious organisation, said Additional IG Police Malik Iqbal at a press conference here on Sunday.
Published 02 Jul, 2007 12:00am
Steel sector to pay Rs 3800 per ton fixed sales tax

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am
Steel sector to pay Rs 3800 per ton fixed sales tax

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am
Steel sector to pay Rs 3800 per ton fixed sales tax

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am
Withholding tax on locally assembled cars cut to 2.5 percent

Withholding tax on locally assembled cars cut to 2.5 percent

The government has reduced withholding tax from 5 percent to 2.5 percent on locally manufactured cars with a view to promote and strengthen local industry. CBR Chairman M Abdullah Yusuf told the media persons on Sunday that the reduced rate of 2.5 percent
Published 02 Jul, 2007 12:00am
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