Relief from double taxation: SECP agrees with KSE budget proposal
The Securities and Exchange Commission of Pakistan (SECP) has agreed with a budget proposal of Karachi Stock Exchange (KSE) to abolish 10 percent income tax on dividends received by companies on their investments in other companies more... (BR)

ADB to give $800 million for power projects
The Asian Development Bank (ADB) has agreed, in principle, to provide Pakistan a multi-tranche financing facility of $800 million for various projects in power sector. The facility is extendable to $1,200 million more... (BR)

Rupee may cross 65 mark versus dollar
The rupee may cross the barrier of 65 as it easily has breached an important mark of 64 due to higher demand for dollars in both interbank and the open market during the week, ended April 19, 2008 more.. (BR)

Rice export ban to cause $1.2 billion foreign exchange loss
The country will have to face a loss of about $1.2 billion, in foreign exchange, in case the government imposed ban on rice export, rice exporters said. On the other hand, they said, the national exchequer would also have to lose on account of withholding tax and other levies more.... (BR)

Draft resolution onjudges issue ready
The government has finalised the draft of a resolution for reinstatement of all deposed judges, including Justice Iftikhar Muhammad Chaudhry, PPP sources told Dawn on Sunday more... (D)

PPP, MQM in fresh efforts for reconciliation
A delegation of the Muttahida Qaumi Movement, led by the party’s deputy-convenor and MNA Dr Farooq Sattar, met Pakistan People’s Party’s provincial leadership at Bilawal House here more... (D)

Asif asks Ministry to replace oil pricing formula
Petroleum Minister Khawaja Muhammad Asif has questioned the oil pricing mechanism, saying that it is instrumental in providing refineries, oil marketing companies (OMCs) leverage for windfall profit more... (BR)

ECC favours IPPs without Ministry's consent
In a surprise move, the Economic Co-ordination Committee (ECC) of the Cabinet, in its first meeting held on April 8, slashed customs duty on imports by 11 independent power producers (IPPs), whose financial close was March 30, 2008, as recommended by the Ministry of Water and Power more.... (BR)

Marginal fall in CFS investment
Investment under Continuous Funding System (CFS) at Karachi share market fell marginally by Rs 82.45 million to Rs 54.497 billion or 15 bps at the end of last week as compared to Rs 54.58 billion a week earlier. 008 more.. (BR)