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Print - 2005-06-07
Jamadi-ul-Awwal moon to be sighted on June 8

Jamadi-ul-Awwal moon to be sighted on June 8

The Jamadi-ul-Awwal moon will not be sighted today (Tuesday). Jamadi-ul-Awwal One, 1426 AH, therefore, should fall on Thursday, according to astronomical parameters. The moon crossed the conjunction line at 0255 Pakistan Standard Time (PST) today (Tuesday
Published 07 Jun, 2005 12:00am
Textile exporters welcome sales tax relief

Textile exporters welcome sales tax relief

Textile exporters have welcomed the federal budget in a big way for freeing the export sector from the sales tax regime, which was their long outstanding demand. Council of Textile Associations (CTA) chairman Wajid Jawad said here on Monday it would not o
Published 07 Jun, 2005 12:00am
Refinery: ATTOCK REFINERY LIMITED - Nine Months Ended March 31 2005

Refinery: ATTOCK REFINERY LIMITED - Nine Months Ended March 31 2005

ARL is an associated concern of Attock Group of companies, sponsored by The Pharaon Commercial Investment Group Ltd (PCIGL). The Attock Group of Companies are the pioneers of oil and gas exploration, production and refining in this part of the world, wher
Published 07 Jun, 2005 12:00am
'Economic managers have done a remarkable job'

'Economic managers have done a remarkable job'

The economic managers of Pakistan have clearly given the country a lead and it's a true manifestation of precise cruise control at the macro level. President Emerging Trade Partners Forum, Mian Muhammad Waseem Vohra stated this while commenting on the fed
Published 07 Jun, 2005 12:00am
Refinery: ATTOCK REFINERY LIMITED - Nine Months Ended March 31 2005

Refinery: ATTOCK REFINERY LIMITED - Nine Months Ended March 31 2005

ARL is an associated concern of Attock Group of companies, sponsored by The Pharaon Commercial Investment Group Ltd (PCIGL). The Attock Group of Companies are the pioneers of oil and gas exploration, production and refining in this part of the world, wher
Published 07 Jun, 2005 12:00am
Businessmen hail incentives

Businessmen hail incentives

Businessmen hailing from different sectors praised the government for announcing incentives for textile and agriculture sectors and slashing duties on industrial raw material. However, they opposed the levy of withholding tax on withdrawal of amount of Rs
Published 07 Jun, 2005 12:00am
Budget termed growth-oriented

Budget termed growth-oriented

The Federal Budget 2005-06 is growth-oriented and business-friendly, and would further promote the business activity in the country, members of the Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost & Management Accountants of Pak
Published 07 Jun, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
Well done, CBR!

Well done, CBR!

The apathy of a government institution can be judged from the fact that budget speech was not available on CBR website till 12 midnight on June 6/7, 2005. On the other hand, Central Board of Revenue had launched an advertisement campaign, particularly for
Published 07 Jun, 2005 12:00am
Well done, CBR!

Well done, CBR!

The apathy of a government institution can be judged from the fact that budget speech was not available on CBR website till 12 midnight on June 6/7, 2005. On the other hand, Central Board of Revenue had launched an advertisement campaign, particularly for
Published 07 Jun, 2005 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
Well done, CBR!

Well done, CBR!

The apathy of a government institution can be judged from the fact that budget speech was not available on CBR website till 12 midnight on June 6/7, 2005. On the other hand, Central Board of Revenue had launched an advertisement campaign, particularly for
Published 07 Jun, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jun, 2005 12:00am
Well done, CBR!

Well done, CBR!

The apathy of a government institution can be judged from the fact that budget speech was not available on CBR website till 12 midnight on June 6/7, 2005. On the other hand, Central Board of Revenue had launched an advertisement campaign, particularly for
Published 07 Jun, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jun, 2005 12:00am
No sales tax on laundries and marriage halls

No sales tax on laundries and marriage halls

The government has withdrawn sales tax from the services provided by laundries, dry cleaners and marriage halls. The decision has been announced as a part of government policy to allow small and medium enterprises to grow without imposition of sales tax.
Published 07 Jun, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 07 Jun, 2005 12:00am
No sales tax on laundries and marriage halls

No sales tax on laundries and marriage halls

The government has withdrawn sales tax from the services provided by laundries, dry cleaners and marriage halls. The decision has been announced as a part of government policy to allow small and medium enterprises to grow without imposition of sales tax.
Published 07 Jun, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
No sales tax on laundries and marriage halls

No sales tax on laundries and marriage halls

The government has withdrawn sales tax from the services provided by laundries, dry cleaners and marriage halls. The decision has been announced as a part of government policy to allow small and medium enterprises to grow without imposition of sales tax.
Published 07 Jun, 2005 12:00am
No sales tax on laundries and marriage halls

No sales tax on laundries and marriage halls

The government has withdrawn sales tax from the services provided by laundries, dry cleaners and marriage halls. The decision has been announced as a part of government policy to allow small and medium enterprises to grow without imposition of sales tax.
Published 07 Jun, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Jun, 2005 12:00am
Pay raise to cost government Rs 25.5 billion

Pay raise to cost government Rs 25.5 billion

The federal government will spend Rs 25.5 billion next year on government employees on account of 15 percent increase in pay, house rent and medical allowances to provide them relief. The Federal budget 2005-06 on Monday showed 10 percent increase in pens
Published 07 Jun, 2005 12:00am
Pay raise to cost government Rs 25.5 billion

Pay raise to cost government Rs 25.5 billion

The federal government will spend Rs 25.5 billion next year on government employees on account of 15 percent increase in pay, house rent and medical allowances to provide them relief. The Federal budget 2005-06 on Monday showed 10 percent increase in pens
Published 07 Jun, 2005 12:00am
Pay raise to cost government Rs 25.5 billion

Pay raise to cost government Rs 25.5 billion

The federal government will spend Rs 25.5 billion next year on government employees on account of 15 percent increase in pay, house rent and medical allowances to provide them relief. The Federal budget 2005-06 on Monday showed 10 percent increase in pens
Published 07 Jun, 2005 12:00am
Oil and gas tax receipts estimated at Rs 32.554 billion

Oil and gas tax receipts estimated at Rs 32.554 billion

The government has earmarked the figure of Rs 32.554 billion for collection of petroleum development levy and gas development surcharge for the next fiscal year, starting from July 1, 2005. According to the Federal Budget for 2005-06, announced on Monday
Published 07 Jun, 2005 12:00am
Oil and gas tax receipts estimated at Rs 32.554 billion

Oil and gas tax receipts estimated at Rs 32.554 billion

The government has earmarked the figure of Rs 32.554 billion for collection of petroleum development levy and gas development surcharge for the next fiscal year, starting from July 1, 2005. According to the Federal Budget for 2005-06, announced on Monday
Published 07 Jun, 2005 12:00am
Oil and gas tax receipts estimated at Rs 32.554 billion

Oil and gas tax receipts estimated at Rs 32.554 billion

The government has earmarked the figure of Rs 32.554 billion for collection of petroleum development levy and gas development surcharge for the next fiscal year, starting from July 1, 2005. According to the Federal Budget for 2005-06, announced on Monday
Published 07 Jun, 2005 12:00am
Oil and gas tax receipts estimated at Rs 32.554 billion

Oil and gas tax receipts estimated at Rs 32.554 billion

The government has earmarked the figure of Rs 32.554 billion for collection of petroleum development levy and gas development surcharge for the next fiscal year, starting from July 1, 2005. According to the Federal Budget for 2005-06, announced on Monday
Published 07 Jun, 2005 12:00am
Oil and gas tax receipts estimated at Rs 32.554 billion

Oil and gas tax receipts estimated at Rs 32.554 billion

The government has earmarked the figure of Rs 32.554 billion for collection of petroleum development levy and gas development surcharge for the next fiscal year, starting from July 1, 2005. According to the Federal Budget for 2005-06, announced on Monday
Published 07 Jun, 2005 12:00am
Rs 194.762 billion estimated as non-tax revenue

Rs 194.762 billion estimated as non-tax revenue

The government is expecting Rs 194.762 billion as non-tax revenue during 2005-06, of which Rs 120.383 billion would come from property and enterprises. According to budget estimates 2005-06, profit from Pakistan Post Office has been projected at Rs 21 mil
Published 07 Jun, 2005 12:00am
Rs 194.762 billion estimated as non-tax revenue

Rs 194.762 billion estimated as non-tax revenue

The government is expecting Rs 194.762 billion as non-tax revenue during 2005-06, of which Rs 120.383 billion would come from property and enterprises. According to budget estimates 2005-06, profit from Pakistan Post Office has been projected at Rs 21 mil
Published 07 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
Rs 194.762 billion estimated as non-tax revenue

Rs 194.762 billion estimated as non-tax revenue

The government is expecting Rs 194.762 billion as non-tax revenue during 2005-06, of which Rs 120.383 billion would come from property and enterprises. According to budget estimates 2005-06, profit from Pakistan Post Office has been projected at Rs 21 mil
Published 07 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
Rs 194.762 billion estimated as non-tax revenue

Rs 194.762 billion estimated as non-tax revenue

The government is expecting Rs 194.762 billion as non-tax revenue during 2005-06, of which Rs 120.383 billion would come from property and enterprises. According to budget estimates 2005-06, profit from Pakistan Post Office has been projected at Rs 21 mil
Published 07 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
15 percent CED on payphone cards

15 percent CED on payphone cards

The CBR has decided to charge 15 percent excise duty on actual transaction value of payphone cards and pre-paid calling cards, instead of the charges billed by PTCL. The proposed measure would not apply additional burden on consumers, and call charges wou
Published 07 Jun, 2005 12:00am
15 percent CED on payphone cards

15 percent CED on payphone cards

The CBR has decided to charge 15 percent excise duty on actual transaction value of payphone cards and pre-paid calling cards, instead of the charges billed by PTCL. The proposed measure would not apply additional burden on consumers, and call charges wou
Published 07 Jun, 2005 12:00am
15 percent CED on payphone cards

15 percent CED on payphone cards

The CBR has decided to charge 15 percent excise duty on actual transaction value of payphone cards and pre-paid calling cards, instead of the charges billed by PTCL. The proposed measure would not apply additional burden on consumers, and call charges wou
Published 07 Jun, 2005 12:00am
15 percent CED on payphone cards

15 percent CED on payphone cards

The CBR has decided to charge 15 percent excise duty on actual transaction value of payphone cards and pre-paid calling cards, instead of the charges billed by PTCL. The proposed measure would not apply additional burden on consumers, and call charges wou
Published 07 Jun, 2005 12:00am
Rs 213 billion financial assistance expected

Rs 213 billion financial assistance expected

For the next fiscal year 2005-06, the government expects to receive a financial assistance of about Rs 213 billion (including Rs 180 million non-development grants) from various countries and donor agencies. According to break up, Rs 190.39 billion would
Published 07 Jun, 2005 12:00am
Rs 213 billion financial assistance expected

Rs 213 billion financial assistance expected

For the next fiscal year 2005-06, the government expects to receive a financial assistance of about Rs 213 billion (including Rs 180 million non-development grants) from various countries and donor agencies. According to break up, Rs 190.39 billion would
Published 07 Jun, 2005 12:00am
Rs 213 billion financial assistance expected

Rs 213 billion financial assistance expected

For the next fiscal year 2005-06, the government expects to receive a financial assistance of about Rs 213 billion (including Rs 180 million non-development grants) from various countries and donor agencies. According to break up, Rs 190.39 billion would
Published 07 Jun, 2005 12:00am
Rs 213 billion financial assistance expected

Rs 213 billion financial assistance expected

For the next fiscal year 2005-06, the government expects to receive a financial assistance of about Rs 213 billion (including Rs 180 million non-development grants) from various countries and donor agencies. According to break up, Rs 190.39 billion would
Published 07 Jun, 2005 12:00am
Top priority to gas pipeline project, says Shaukat

Top priority to gas pipeline project, says Shaukat

Prime Minister Shaukat Aziz has said Pakistan gives top priority to the overland gas pipeline project for the supply of gas to Pakistan from Iran and Turkmenistan, and then carry it forward to India to meet its energy requirements. He was talking to Mani
Published 07 Jun, 2005 12:00am
Top priority to gas pipeline project, says Shaukat

Top priority to gas pipeline project, says Shaukat

Prime Minister Shaukat Aziz has said Pakistan gives top priority to the overland gas pipeline project for the supply of gas to Pakistan from Iran and Turkmenistan, and then carry it forward to India to meet its energy requirements. He was talking to Mani
Published 07 Jun, 2005 12:00am
Top priority to gas pipeline project, says Shaukat

Top priority to gas pipeline project, says Shaukat

Prime Minister Shaukat Aziz has said Pakistan gives top priority to the overland gas pipeline project for the supply of gas to Pakistan from Iran and Turkmenistan, and then carry it forward to India to meet its energy requirements. He was talking to Mani
Published 07 Jun, 2005 12:00am
Consumption certificate not needed by pharmaceuticals

Consumption certificate not needed by pharmaceuticals

The Central Board of Revenue (CBR) has rescinded SRO covering 268 tariff lines to facilitate the pharma sector. The importers will pay duty on raw materials through tariff and would not be bound to submit the "consumption certificates".
Published 07 Jun, 2005 12:00am
Consumption certificate not needed by pharmaceuticals

Consumption certificate not needed by pharmaceuticals

The Central Board of Revenue (CBR) has rescinded SRO covering 268 tariff lines to facilitate the pharma sector. The importers will pay duty on raw materials through tariff and would not be bound to submit the "consumption certificates".
Published 07 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
Consumption certificate not needed by pharmaceuticals

Consumption certificate not needed by pharmaceuticals

The Central Board of Revenue (CBR) has rescinded SRO covering 268 tariff lines to facilitate the pharma sector. The importers will pay duty on raw materials through tariff and would not be bound to submit the "consumption certificates".
Published 07 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
Consumption certificate not needed by pharmaceuticals

Consumption certificate not needed by pharmaceuticals

The Central Board of Revenue (CBR) has rescinded SRO covering 268 tariff lines to facilitate the pharma sector. The importers will pay duty on raw materials through tariff and would not be bound to submit the "consumption certificates".
Published 07 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
Consumption certificate not needed by pharmaceuticals

Consumption certificate not needed by pharmaceuticals

The Central Board of Revenue (CBR) has rescinded SRO covering 268 tariff lines to facilitate the pharma sector. The importers will pay duty on raw materials through tariff and would not be bound to submit the "consumption certificates".
Published 07 Jun, 2005 12:00am
Cellular activation charges cut

Cellular activation charges cut

The Central Board of Revenue (CBR) has reduced activation charges on mobile phone connections from Rs 1,000 to Rs 500 per connection. In the last budget, activation charges (composite of customs duty and sales tax) on cellular phones were reduced from Rs2
Published 07 Jun, 2005 12:00am
Cellular activation charges cut

Cellular activation charges cut

The Central Board of Revenue (CBR) has reduced activation charges on mobile phone connections from Rs 1,000 to Rs 500 per connection. In the last budget, activation charges (composite of customs duty and sales tax) on cellular phones were reduced from Rs2
Published 07 Jun, 2005 12:00am
Cellular activation charges cut

Cellular activation charges cut

The Central Board of Revenue (CBR) has reduced activation charges on mobile phone connections from Rs 1,000 to Rs 500 per connection. In the last budget, activation charges (composite of customs duty and sales tax) on cellular phones were reduced from Rs2
Published 07 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
CED on soaps and detergents withdrawn

CED on soaps and detergents withdrawn

The Central Board of Revenue (CBR) has withdrawn central excise duty (CED) on soap and detergents whereas sales tax will be charged on retail price of these products. Consumer items like soap, detergents, perfumery and cosmetics, etc., are chargeable to b
Published 07 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
CED on soaps and detergents withdrawn

CED on soaps and detergents withdrawn

The Central Board of Revenue (CBR) has withdrawn central excise duty (CED) on soap and detergents whereas sales tax will be charged on retail price of these products. Consumer items like soap, detergents, perfumery and cosmetics, etc., are chargeable to b
Published 07 Jun, 2005 12:00am
CED on soaps and detergents withdrawn

CED on soaps and detergents withdrawn

The Central Board of Revenue (CBR) has withdrawn central excise duty (CED) on soap and detergents whereas sales tax will be charged on retail price of these products. Consumer items like soap, detergents, perfumery and cosmetics, etc., are chargeable to b
Published 07 Jun, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 06, 2005).

Published 07 Jun, 2005 12:00am
CED on soaps and detergents withdrawn

CED on soaps and detergents withdrawn

The Central Board of Revenue (CBR) has withdrawn central excise duty (CED) on soap and detergents whereas sales tax will be charged on retail price of these products. Consumer items like soap, detergents, perfumery and cosmetics, etc., are chargeable to b
Published 07 Jun, 2005 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (June 06, 2005).
Published 07 Jun, 2005 12:00am
CED on soaps and detergents withdrawn

CED on soaps and detergents withdrawn

The Central Board of Revenue (CBR) has withdrawn central excise duty (CED) on soap and detergents whereas sales tax will be charged on retail price of these products. Consumer items like soap, detergents, perfumery and cosmetics, etc., are chargeable to b
Published 07 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield was down by approximately 1 basis point and its value went up by 0.07% to close at 95.12. BMA-PGBI has been continuously on the rise for the last few days. Stability in interest rates has resulted in across the curve downward move of PIB yi
Published 07 Jun, 2005 12:00am
Rs 72.339 billion subsidies for Wapda, KESC, Passco and TCP

Rs 72.339 billion subsidies for Wapda, KESC, Passco and TCP

The government, in the federal budget for 2005-06, has set Rs 72.339 billion as subsidies for public sector power utilities, Passco, and Trading Corporation of Pakistan (TCP). This figure is 22 percent higher than current fiscal year''''s budget estimates
Published 07 Jun, 2005 12:00am