Finance
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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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CED exemption on cement used in EPZs not allowed
ISLAMABAD (January 04 2005): The Central Board of Revenue (CBR) has turned down a major demand of the ministry of…
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Tax disputes: CBR launches drive for out-of-court settlement
ISLAMABAD (December 21 2004): The Central Board of Revenue (CBR) has launched a countrywide campaign to encourage the business community…
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15 percent duty on wheat flour export
ISLAMABAD (December 22 2004): The Central Board of Revenue (CBR) has issued instructions to all collectors of customs to charge…
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Export miscalculation: revenue loss to be deducted from drawback claims
KARACHI (December 20 2004): The Collectorate of Customs (Export) has said the cases of export valuation with a loss of…
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GST rate may be revised downward
ISLAMABAD (December 16 2004): The current 15 percent general sales tax (GST) in Pakistan is comparatively higher as compared to…
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Rs 35 per share fixed for Kapco IPO
ISLAMABAD (December 16 2004): The Privatisation Commission board has determined the per share price for Kot Addu Power Company (Kapco)…
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Ban on old machinery and parts import may be removed
RAWALPINDI (December 16 2004): The government is planning to remove the ban on import of old and used machinery and…
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CVT rates on used car import notified
ISLAMABAD (December 16 2004): The Central Board of Revenue (CBR) has issued the actual rate of capital value tax (CVT)…
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Al Meezan to float Rs 1.2bn mutual fund
KARACHI: The public subscription of Meezan Balanced Fund (MBF) – a closed end scheme managed by Al Meezan Investment Management…
