Finance
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RCITs told to implement Zone-B idea of tax facilitation centres
LAHORE (January 10 2005): The Central Board of Revenue (CBR), while appreciating the novel concept introduced recently by Zone-B of…
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SECP fails to check corporate irregularities: Honda Chairman
KARACHI (January 08 2005): The role of Securities and Exchange Commission of Pakistan (SECP) in enforcement of corporate governance is…
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Sales tax relief on unsold stocks extended
KARACHI (January 08 2005): The Central Board of Revenue (CBR) has extended the sales tax exemption on unsold stocks of…
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No service charge on various PLS accounts
KARACHI (January 08 2005): The State Bank of Pakistan (SBP) has exempted various categories of PLS account from service charges.…
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SBP sets up $15 million fund for micro-finance banks
KARACHI (January 06 2005): The State Bank of Pakistan (SBP) on Wednesday announced establishment of a New Bank Fund (NBF)…
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CIRC, National Assets reach settlement
KARACHI: State-controlled Corporate and Industrial Restructuring Corporation (CIRC) and National Assets Leasing Corporation (NALC) have reached a financial settlement, under…
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SECP fines PICIC for insider trading
KARACHI: The Pakistan Industrial Credit and Investment Corporation Ltd (PICIC) has been fined Rs500,000 by the Securities and Exchange Commission…
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Adjudication collectorates powers enhanced
ISLAMABAD (January 05 2005): The Central Board of Revenue (CBR) has empowered the collectors, collectorates of customs, sales tax and…
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SBP revises criteria for banks to open new branches
KARACHI (January 05 2005): The State Bank of Pakistan (SBP) has revised criteria for banks to open new branches. A…
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UBL, Askari and Prime Bank may float Rs 4.3 billion terms finance certificates
KARACHI (January 05 2005): The United Bank Ltd, Askari Commercial Bank, and the Prime Commercial Bank Limited have planned to…
