Finance
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UBL earnings may double
KARACHI (July 28 2005): United Bank net earnings for the six months ended on June 30, 2005, would be more…
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Engro Chemicals declares 30 percent dividend on 50 percent profit rise
KARACHI (July 28 2005): Engro Chemicals profit in the six months ended June 30, 2005, rose by 50 percent because…
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CBR clarifies withholding tax on ship-breaking
ISLAMABAD (July 28 2005): To facilitate the ship-breaking industry, the Central Board of Revenue (CBR) has announced that one percent…
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14 sugar mills sales tax audit started
ISLAMABAD (July 26 2005): Special audit of 14 sugar mills is underway to ascertain actual sales tax liability of this…
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SECP defers transfer pricing till December 31
KARACHI (July 26 2005): The Securities and Exchange Commission of Pakistan (SECP) has granted further exemption from application of clause…
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SBP asks banks to diversify investments
KARACHI (July 25 2005): The State Bank of Pakistan (SBP) has asked all banks and financial institutions to diversify their…
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Textile units sales tax refund claims to be verified
ISLAMABAD (July 25 2005): The Central Board of Revenue (CBR) has decided to issue sales tax refund to textile sector…
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CBR to devise withholding tax agents registration system
ISLAMABAD (July 25 2005): The Central Board of Revenue (CBR) has decided to devise a 'centralized registration system of withholding…
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100 percent waiver on taxes clearance by July 31
ISLAMABAD (July 24 2005): The Central Board of Revenue (CBR) has given 100 percent waiver of fine/additional tax, penal surcharge…
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State Bank guidelines for infrastructure financing
KARACHI (July 24 2005): The State Bank of Pakistan, after consultations with various stockholders, has formulated guidelines for banks and…
