Finance
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New system in Budget 2003-04 to reduce sales tax refund period
ISLAMABAD (June 05 2003) : While making comprehensive amendments in the sales tax refund procedure, through budget 2003-04, the government…
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Insurance companies seek capital gains tax exemption
KARACHI (June 05 2003) : Insurance companies are once again looking forward to some positive announcements to flow from the…
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UK company buys majority equity in IP Securities: new set-up named 'Capital One Ltd'
KARACHI (June 04 2003) : Asian Emerging Markets Investments Ltd (AEMI), a UK based company, has bought majority equity in…
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Tax rates to be lowered in budget: no new levy proposed; entire system to be simplified
ISLAMABAD (June 04 2003) : No new taxes will be introduced in the Budget 2003-04, rather tax rates would be…
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Two companies penalised for not holding annual general meetings
KARACHI (June 04 2003) : The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties on two listed companies…
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General sales tax to be raised to 20 percent on some raw materials
ISLAMABAD (June 03 2003) : The government would enhance general sales tax (GST) rate from 15 to 20 percent on…
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CED on juices and squashes not to be abolished
ISLAMABAD (June 02 2003) : The government has dropped a budget proposal to abolish central excise duty (CED) on juices/squashes.…
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Textile-specific safeguard rules announced
KARACHI (May 31 2003) : The Committee for the Implementation of Textile Agreements (CITA) has announced the final rules for…
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'Disputed tax' payment for appeal filing to be abolished
ISLAMABAD (May 31 2003) : The government has decided to abolish the condition of 'disputed tax' payment at the time…
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SECP not to issue guidelines to NBFIs for NPLs write-off
KARACHI (May 31 2003) : The Securities and Exchange Commission of Pakistan (SECP) has decided not to issue any guidelines…
