Finance
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Import of Black cabs as CBU exempted from duty and taxes
ISLAMABAD (May 22 2006): The government has changed the criteria for import of 'black cabs', exempting the scheme from customs…
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CBR curtails powers of Directorate of Inspection and Internal Audit
ISLAMABAD (May 22 2006): The powers of the directorate of inspection and internal audit, customs, sales tax and federal excise…
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Change in Income Tax Ordinance 2001 to Check Misuse of Remittances
ISLAMABAD (May 21 2006): The government is examining a proposal to amend the Income Tax Ordinance 2001 for checking the…
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Sale of Union Bank to Standard Chartered Bank in process
KARACHI (May 17 2006): The Standard Chartered Bank (SCB) has initialled an agreement with a Saudi combine to acquire 66…
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Banks allowed to directly remit freight charges abroad
KARACHI (May 16 2006): The State Bank of Pakistan (SBP) has allowed the authorised dealers to effect remittances of locally…
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SBP reduces duty drawback on export of PVC
ISLAMABAD (May 07 2006): The Central Board of Revenue (CBR) has reduced duty drawback on export of Polyvinyl Chloride (PVC)…
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SECP suggests amendments to NBFC rules
KARACHI (April 29 2006): The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments in 'Non-Banking Finance Companies (Establishment…
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HBL gets asset management services licence
KARACHI (April 17 2006): HBL Asset Management Limited, a subsidiary of Habib Bank Limited, has been licensed by the Securities…
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Zero sales tax non-availability: CBR issues another list of items
ISLAMABAD (April 17 2006): The sales tax zero-rating facility would not be available on the import of railway locomotives, tramway…
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CBR shortlists three tax members for Member Audit slot
ISLAMABAD (April 16 2006): The Central Board of Revenue (CBR) has short-listed the names of three tax experts from the…
