Finance
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Auto industry registers 51.4 percent growth
KARACHI (June 12 2003) : During the current financial year, the automobile industry has registered enormous growth owing to declining…
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Tax on prize money may create problems
KARACHI (June 12 2003) : The Finance Bill 2003 has proposed that every person paying prize on prize bond, or…
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Industrial sales come to a standstill due to SRO 507
KARACHI (June 12 2003) : The industrial sales have come to a standstill due to SRO 507 issued in the…
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SBP advises banks to capitalise on reliefs in Budget
KARACHI (June 11 2003) : The Federal Government has accepted recommendations presented by the State Bank to provide tax relief…
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General sales tax on processed food stuff abolished
ISLAMABAD (June 11 2003) : Withdrawing central excise duty (CED) on the incoming international telephone calls, the government has taken…
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New Duty and Tax Remission for Export rules give 117 major concessions to exporters
ISLAMABAD (June 11 2003) : Permitting duty drawback facility on the purchase of locally procured raw material, the government has…
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Income Tax department to be divided into eight entities
KARACHI (June 11 2003) : The Income Tax Department will be divided into eight functional departments, each having separate assignment.…
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Bank income from mutual fund debt to be taxed at corporate rate
KARACHI (June 11 2003) : The government has imposed tax on income received by banks from debt or fixed income…
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Sales tax department told to decide refund case in 30 days
ISLAMABAD (June 10 2003) : The Sales Tax Department, East, Karachi, has been asked to decide within 30 days the…
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Textile goods drawback extended up to June 2004
ISLAMABAD (June 10 2003) : Keeping intact extraordinarily high duty drawback on textile products as compared to the actual import…