Economic and Finance News
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Bank holidays notified
KARACHI (December 03 2002) : The State Bank of Pakistan, Karachi office, SBP BSC (Bank) inclusive of public debt office…
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Pakistan to launch first satellite on December 23
ISLAMABAD (December 03 2002) : Pakistan's first geo-stationary satellite will be in place on the 23rd of this month. This…
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Toyota applies for U.S. banking license
Toyota Motor Corp. is applying to the state of Nevada for a banking license, which it expects to receive this…
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Pakistan Telecommunication Company fails to levy sales tax, excise duty on certain services for five
ISLAMABAD (December 02 2002) : The Pakistan Telecommunication Company Ltd (PTCL) failed to levy Central Excise Duty and Sales Tax…
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Rs 700 million sales tax refund claims paid to exporters
KARACHI (December 02 2002) : The Collectorate of sales tax, West, has expedited payment of sales tax refund to the…
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Pakistan's Askari Commercial Bank allowed to operate in Bahrain
MANAMA (December 02 2002) : Bahrain's central bank said on Sunday it had granted licences to two Turkish and Pakistani…
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Badla rate shrinks
KARACHI (December 02 2002) : The cut in discount rate and some liquidity flow at the Karachi Stock Exchange (KSE)…
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SBP slashes export finance rate by 1 percent
KARACHI (November 30 2002) : The State Bank of Pakistan on Friday announced cut in the rate of export refinancing…
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Quarter-1 revenue posts Rs 40.9 billion deficit
ISLAMABAD (December 01 2002) : Total revenue during the first quarter remained at Rs 153.527 billion (3.8 percent of GDP)…
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Petroleum prices further cut by Rs 2 per litre; Pakistan State Oil, Shell cut HSD prices
KARACHI (December 01 2002) : Oil Companies Advisory Committee (OCAC), for the second consecutive fortnight, reduced the oil product prices…
