Finance
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Simplified sales tax refund rules issued
ISLAMABAD (August 14 2005): The Central Board of Revenue (CBR) has issued a new simplified procedure for payment of sales…
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Wholesale cut in duty drawback rates: 96 SROs rescinded
ISLAMABAD (August 09 2005): Rescinding all 96 individual duty drawback SROs, the Central Board of Revenue (CBR) has reduced duty…
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CBR removes budget anomalies, revises duty rates
ISLAMABAD (August 09 2005): While rectifying the 2005-06 budget anomalies, the Central Board of Revenue (CBR) has reduced customs duty…
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SECP serves notices to brokers involved in wash sales
ISLAMABAD (August 05 2005): On the recommendation of the Task Force probing stock market crash, the Securities and Exchange Commission…
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No retrospective recovery of presumptive tax under study: CBR
ISLAMABAD (August 05 2005): The Central Board of Revenue (CBR) is considering not to retrospectively recover amount from the manufacturers-cum-suppliers,…
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Drive begins to raise GST collection from big units
ISLAMABAD (August 02 2005): The Central Board of Revenue (CBR) has launched an exercise to raise general sales tax (GST)…
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CBR barred from auditing PIA income tax return
ISLAMABAD (August 02 2005): Federal Tax Ombudsman (FTO) former Justice Munir A. Sheikh has stopped audit of PIA's income tax…
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President endorses CITs authority for audit
ISLAMABAD (August 01 2005): Endorsing the CBR's verdict on audit under the Universal Self-Assessment Scheme (USAS), President Pervez Musharraf has…
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SBP allows change in MCB name
KARACHI (July 31 2005): The State Bank of Pakistan has allowed change in the name of Muslim Commercial Bank as…
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PSO profit may depict 40 percent growth in fiscal year 2005
KARACHI (July 28 2005): Pakistan State Oil Limited (PSO) is expected to report a 40 percent growth in its earnings…
