Finance
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CBR grants duty relief on machinery components
ISLAMABAD (June 21 2006): The government has given exemption of customs duty on imports of raw materials, sub-components, sub-assemblies, components…
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CBR Clarification: No Excise Duty Levied on Data and Internet Services
ISLAMABAD (June 10 2006): The Central Board of Revenue (CBR) has clarified that excise duty has not been levied on…
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Banks to simplify terms on account opening forms
KARACHI (June 10 2006): All the banks would simplify the terms and conditions on account opening forms. The banks will…
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Highlights of Sales Tax and Federal Excise Budgetary Measures 2006-07
Budget FY 2006-07 is aimed at simplification of tax system, improvement in resource mobilization, boosting economic activity to ensure robust…
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Economic Survey of Pakistan 2005-06 Highlights
ISLAMABAD (June 05 2006): Although Pakistan's economy grew at an average rate of almost 7.5 percent per annum during the…
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Eligibility Criteria Relaxed for SME Classification
KARACHI (June 05 2006): The Federal Government has decided to relax eligibility criteria for small enterprises to enjoy most of…
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Temporary Tax Exemption for Venture Capital Companies
ISLAMABAD (June 02 2006): The government is likely to give exemption of income tax for a specific period to the…
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SBP tightens rule on banks' securities purchases
KARACHI (May 31 2006): The State Bank of Pakistan has issued a circular bringing clarity to the classification of securities…
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Presumptive Tax System for Exporters to Continue
ISLAMABAD (May 29 2006): While turning down a proposal to bring exports into general assessment scheme, the government has decided…
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New Sales Tax Refund Rules to Expedite Payment
ISLAMABAD (May 29 2006): New sales tax refund rules would be introduced in the coming budget to minimise delay in…
