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Print - 2004-06-13
Western firms tighten security after Saudi Arabia attacks

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
Blair faces critics over local poll defeat

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
Pak-UK defence forum ends: two MoUs signed

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

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

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 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
Levy of CVT on share trading criticised

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

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
'Budget to bolster CNG industry'

'Budget to bolster CNG industry'

The compressed natural gas industry has termed the 'federal budget 2004-05', as a relieved and industry friendly budget that would help in further growth of CNG sector.
Published 13 Jun, 2004 12:00am
'Budget to bolster CNG industry'

'Budget to bolster CNG industry'

The compressed natural gas industry has termed the 'federal budget 2004-05', as a relieved and industry friendly budget that would help in further growth of CNG sector.
Published 13 Jun, 2004 12:00am
LHC postings and transfers

LHC postings and transfers

The Chief Justice of the Lahore High Court made transfers and postings among two District and Sessions Judges (D&SJs) and three Additional District and Sessions Judges (AD&SJs).
Published 13 Jun, 2004 12:00am
Punjab University holds seminar on women's rights

Punjab University holds seminar on women's rights

The Punjab University's Department of women's studies arranged a seminar on the topic of 'Women Rights are Human Rights' at the Institute of Biochemistry and Biotechnology here on Saturday.
Published 13 Jun, 2004 12:00am
Railway Colony assured power supply

Railway Colony assured power supply

In order to ensure smooth electricity supply to Railway Colony, Pakistan Railways (PR) has laid a new underground cable from Railway Power House to Railway Colony.
Published 13 Jun, 2004 12:00am
Workshop on water and sanitation begins

Workshop on water and sanitation begins

A three-day national workshop on 'Water and Sanitation' started here on Saturday to share latest developments in water and sanitation sector.
Published 13 Jun, 2004 12:00am
Size of PSDP enhanced to Rs 202 billion

Size of PSDP enhanced to Rs 202 billion

The total size of the Public Sector Development Programme for 2004-05 is Rs 202 billion against Rs 160 billion for the outgoing fiscal with Rs 148 billion and Rs 54 billion for federal and provincial development programmes, respectively.
Published 13 Jun, 2004 12:00am
Growers express mixed reaction over budget

Growers express mixed reaction over budget

Representatives of various organisations of growers' have expressed mixed reaction over the Federal Budget 2004-05 announced by Finance Minister Shaukat Aziz on Saturday.
Published 13 Jun, 2004 12:00am
Growers express mixed reaction over budget

Growers express mixed reaction over budget

Representatives of various organisations of growers' have expressed mixed reaction over the Federal Budget 2004-05 announced by Finance Minister Shaukat Aziz on Saturday.
Published 13 Jun, 2004 12:00am
'No relief for traders and public'

'No relief for traders and public'

Traders community while rejecting the federal budget 2004-05 has said that it would neither provide any relief to the traders community nor to the general public.
Published 13 Jun, 2004 12:00am
Hottest day in Nawabshah

Hottest day in Nawabshah

The hot spell continued in the entire area around Nawabshah as temperature further increased to 47.5 degree centigrade on Saturday.
Published 13 Jun, 2004 12:00am
Levy of 9 percent mark-up resented

Levy of 9 percent mark-up resented

The Union of Small and Medium Enterprises (Unisame) expressed dissatisfaction over the budget 2004-05.
Published 13 Jun, 2004 12:00am
Relief in sales tax and customs duty hailed

Relief in sales tax and customs duty hailed

The leather and textile exporters have welcomed the relief in sales tax and customs duty on import of plant and machinery and raw material for industries.
Published 13 Jun, 2004 12:00am
Budget termed against wishes of people

Budget termed against wishes of people

President of Punjab Pakistan People's Party Parliamentarian (PPPP) Qasim Zia, commenting on the federal budget 2004-05, has termed it against wishes and aspirations of the people.
Published 13 Jun, 2004 12:00am
Budget growth-oriented, says Aptma

Budget growth-oriented, says Aptma

Mian Adil Mehmood Senior Vice-Chairman All Pakistan Textile Mills Association (Aptma), Punjab Zone, while declaring federal budget 2004-05 as "Growth Oriented Budget" has said that it would leave positive impact on the overall economy of the country.
Published 13 Jun, 2004 12:00am
Capital to be made home of flowers: CDA

Capital to be made home of flowers: CDA

Capital Development Authority (CDA) Director (Environment) Iftikhar Ahmed Awan said on Saturday that efforts are under way to make capital home of flowers.
Published 13 Jun, 2004 12:00am
Tax exemptions to Fata units causing Rs 1.5 billion revenue loss

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
Poor law and order: small traders threaten strike, sit-ins

Poor law and order: small traders threaten strike, sit-ins

All Pakistan Organisation of Small Traders and Cottage Industries (APOSTCI) Sindh on Saturday strongly protested against looting Rs 1.6 million from its president and warned if looted money was not recovered besides arrest of bandits, it will be compelled
Published 13 Jun, 2004 12:00am
Rs 1 billion approved for canal lining

Rs 1 billion approved for canal lining

Punjab government has approved the sanction of Rs one billion required for the brick-lining of Chashma Jhelum Link Canal.
Published 13 Jun, 2004 12:00am
Ulema urged to promote harmony

Ulema urged to promote harmony

Advisor to Punjab Chief Minister on Religious Affairs Allama Tahir Ashrafi on Saturday stressed upon the Ulema to play their active role for the promotion of harmony and tranquillity in the society.
Published 13 Jun, 2004 12:00am
Jamali greets newly-elected MNAs

Jamali greets newly-elected MNAs

Prime Minister Mir Zafarullah Khan Jamali has congratulated Tahir Bashir Cheema, Zafar Warraich of Pakistan Muslim League and Abdul Wasim of MQM on their election as members of the National Assembly.
Published 13 Jun, 2004 12:00am
Pakistan concerned at non-traditional global security threats

Pakistan concerned at non-traditional global security threats

Over 80 military officers from Pakistan, China, and 56 other countries at a meeting held here discussed current international and regional security issues and the security challenges being faced by the developing countries.
Published 13 Jun, 2004 12:00am
Kidnappers held with arms; boy recovered

Kidnappers held with arms; boy recovered

Sialkot Police on Saturday recovered a boy Adeeb Khalil of Thatha Lakhi from the kidnappers who allegedly abducted him for ransom.
Published 13 Jun, 2004 12:00am
Democratic order in place in Pakistan: Soomro

Democratic order in place in Pakistan: Soomro

Chairman Senate Mohammedmian Soomro on Friday met and exchanged greetings with a number of dignitaries on the occasion of state funeral ceremony for president Ronald Reagan at the National Cathedral.
Published 13 Jun, 2004 12:00am
Call for speedy freight train service from Peshawar

Call for speedy freight train service from Peshawar

Pakistan Railways Advisory Committee (Lahore) member Zia-ul-Haq Sarhadi has demanded the speedy freight train service from Peshawar to promote exports, saying the service would ensure the movement of the containers between Karachi and Lahore in 30 hours.
Published 13 Jun, 2004 12:00am
Sindh budget now on June 16

Sindh budget now on June 16

The announcement of Sindh budget 2004-05 has been rescheduled and the provincial chief minister has fixed June 16 as the date for presentation of budget 2004-05 and supplementary grants 2003-04.
Published 13 Jun, 2004 12:00am
Sindh budget now on June 16

Sindh budget now on June 16

The announcement of Sindh budget 2004-05 has been rescheduled and the provincial chief minister has fixed June 16 as the date for presentation of budget 2004-05 and supplementary grants 2003-04.
Published 13 Jun, 2004 12:00am
Two ministers inducted in Sindh cabinet

Two ministers inducted in Sindh cabinet

Sindh Governor Dr Ishratul Ibad administered the oath of office to Syed Sardar Ahmed and Chaudhry Iftikhar Ahmed as provincial ministers at a simple but impressive ceremony at the Governor House here on Saturday night.
Published 13 Jun, 2004 12:00am
Two ministers inducted in Sindh cabinet

Two ministers inducted in Sindh cabinet

Sindh Governor Dr Ishratul Ibad administered the oath of office to Syed Sardar Ahmed and Chaudhry Iftikhar Ahmed as provincial ministers at a simple but impressive ceremony at the Governor House here on Saturday night.
Published 13 Jun, 2004 12:00am
Lahore Chamber and trade bodies welcome budget

Lahore Chamber and trade bodies welcome budget

Office-bearers of the Lahore Chamber of Commerce and Industry (LCCI) and representatives of different segments of the industry have termed the federal budget 2004-05 as a balanced budget.
Published 13 Jun, 2004 12:00am
Lahore Chamber and trade bodies welcome budget

Lahore Chamber and trade bodies welcome budget

Office-bearers of the Lahore Chamber of Commerce and Industry (LCCI) and representatives of different segments of the industry have termed the federal budget 2004-05 as a balanced budget.
Published 13 Jun, 2004 12:00am
CED imposed on cable TV ads

CED imposed on cable TV ads

The Central Board of Revenue (CBR) has announced that the advertisement on cable TV network and closed circuit television would be liable to Central Excise Duty in VAT-mode.
Published 13 Jun, 2004 12:00am
CED imposed on cable TV ads

CED imposed on cable TV ads

The Central Board of Revenue (CBR) has announced that the advertisement on cable TV network and closed circuit television would be liable to Central Excise Duty in VAT-mode.
Published 13 Jun, 2004 12:00am
Picic to set up Islamic insurance company

Picic to set up Islamic insurance company

The Securities Exchange Commission of Pakistan has already received an application from Pak-Kuwait Investment Company to establish Islamic insurance (Takaful) company and now the Pakistan Industrial Credit and Investment Corporation (Picic) has also decid
Published 13 Jun, 2004 12:00am
Picic to set up Islamic insurance company

Picic to set up Islamic insurance company

The Securities Exchange Commission of Pakistan has already received an application from Pak-Kuwait Investment Company to establish Islamic insurance (Takaful) company and now the Pakistan Industrial Credit and Investment Corporation (Picic) has also decid
Published 13 Jun, 2004 12:00am
Rs 46 billion subsidy for Wapda and KESC

Rs 46 billion subsidy for Wapda and KESC

The government had provided over Rs 130 billion in subsidies to Wapda and KESC during the last three years to offset any price rise to the consumer.
Published 13 Jun, 2004 12:00am
Rs 46 billion subsidy for Wapda and KESC

Rs 46 billion subsidy for Wapda and KESC

The government had provided over Rs 130 billion in subsidies to Wapda and KESC during the last three years to offset any price rise to the consumer.
Published 13 Jun, 2004 12:00am
Rs 46 billion subsidy for Wapda and KESC

Rs 46 billion subsidy for Wapda and KESC

The government had provided over Rs 130 billion in subsidies to Wapda and KESC during the last three years to offset any price rise to the consumer.
Published 13 Jun, 2004 12:00am
Rs 46 billion subsidy for Wapda and KESC

Rs 46 billion subsidy for Wapda and KESC

The government had provided over Rs 130 billion in subsidies to Wapda and KESC during the last three years to offset any price rise to the consumer.
Published 13 Jun, 2004 12:00am
LTU to be set up in Islamabad next year

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
Mobile phone activation charges halved

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

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
Duty on import of 469 raw materials slashed

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

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

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
Smokers to pay more

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

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

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

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
CVT to cast negative impact on bourses: Fudda

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

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

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
Budget aims at a humane society

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

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

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
Only 15 percent rate of sales tax to be maintained

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

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

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

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
Duty on edible oil reduced

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

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

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

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

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
Businessmen hope budget will boost investment

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

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
10 percent CED on paints, juices goes

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

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

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

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
Income tax exemption limit raised to Rs 100,000

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

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
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