Finance
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Next budget to check withholding tax evasion
The government has decided to take preventive measures in budget 2003-04 to check the illegal withholding tax exemption claims on…
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Tax system to be further simplified
Tax system would be further streamlined by the Central Board of Revenue (CBR) in order to remove ambiguities and simplify…
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Large Taxpayer Unit to introduce electronic filing system from July 1
The Large Taxpayer Unit (LTU) is to introduce electronic filing system of income statements from July 1 to save time…
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Restaurants allowed power bill as input adjustment
The Central Board of Revenue (CBR) has allowed the registered restaurants to claim input tax adjustment on the electricity consumed…
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Port Qasim storage capacity to rise by 30 percent
KARACHI (May 26 2003) : The storage capacity at Port Qasim is to increase by 30 percent as the Ministry…
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KESC gets Rs one billion as first tranche for restructuring
KARACHI (May 26 2003) : The Karachi Electric Supply Corporation (KESC) has received the first tranche of Rs one billion…
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Govt borrowing through TBs shoots up to 23pc
The stock of government debt raised through treasury bills has risen to Rs403 billion by March 2003 from Rs208 billion…
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State Bank grants NOC to Atlas Bank
KARACHI (May 25 2003) : The State Bank of Pakistan (SBP) has granted “No Objection Certificate” to Atlas Investment Bank…
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GST not to be imposed on bricks and cement blocks
ISLAMABAD (May 25 2003) : The Central Board of Revenue (CBR) has rejected a major proposal of International Monetary Fund…
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Revenue Board to share profiling parameters for various types of registered taxpayers
KARACHI (May 25 2003) : The Central Board of Revenue (CBR) will share profiling parameters for different types of registered…
