Economic and Finance News
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SECP unveils code of corporate governance for insurance companies
ISLAMABAD (January 31 2003) : The Securities and Exchange Commission of Pakistan (SECP) has introduced the code of corporate governance…
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Habib Bank's profits soar to Rs 4.1 billion, a new record set in 2002
KARACHI (January 31 2003) : Habib Bank Limited (HBL) established a new record in the banking sector by achieving a…
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New bank to emerge after acquiring Doha Bank branch
KARACHI (January 31 2003) : A new bank, Trust Commercial Bank, will emerge after acquiring Doha Bank branch in Karachi,…
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Revenue Board asks cigarette makers to submit cost structure
ISLAMABAD (January 29 2003) : The Central Board of Revenue (CBR) has directed the cigarette manufacturers to submit the cost…
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SECP's annual report released, future agenda explained
ISLAMABAD (January 29 2003) : After going through three years of tough reforms the future agenda of the Securities and…
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CBR consultants recommend amendments in sales tax law
ISLAMABAD (January 29 2003) : Maxwell Stamps, tax consultants of Central Board of Revenue (CBR), have recommended ten comprehensive amendments…
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Tax anomaly forces closure of 16 ghee and oil units
ISLAMABAD (January 29 2003) : The anomaly in taxes has resulted in closing down of 16 ghee and cooking oil…
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Pakistan State Oil sale pre-bid moot put off to February 19
KARACHI (January 29 2003) : The second pre-bid meeting to sell 51 percent shares in Pakistan State Oil has now…
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Shell records four-fold profit rise, declares 95 percent dividend
KARACHI (January 28 2003) : The profit of Shell Pakistan Limited's recorded a four-fold increase and declared a handsome dividend…
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Exporters with warehouses abroad may be subsidised
FRANKFURT (January 28 2003) : Commerce Minister Humayun Akhtar Khan said that government would soon come-up with a policy to…
