Finance
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DFIs to maintain SLR at 15 percent of TDL
KARACHI (May 26 2004): The State Bank has decided that all development finance institutions (DFIs) shall maintain Statutory Liquidity Requirement…
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Duty drawback given on export of staple fibre blended yarn
ISLAMABAD (May 26 2004): The Central Board of Revenue (CBR) has given duty drawback on the export of seven different…
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10.5 percent sales tax refund allowed to solvent extractors
ISLAMABAD (May 26 2004): Giving a major relief to oil extraction industry, the Central Board of Revenue (CBR) has allowed…
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DFIs to keep Rs 1 billion minimum paid-up capital
KARACHI (May 26 2004): The State Bank on Tuesday said that development finance institutions (DFIs) will also be required to…
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Procedure for advance tax payment clarified
ISLAMABAD (May 26 2004): The Central Board of Revenue (CBR) has announced procedure for the payment of advance tax in…
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RCITs told to issue notices to 8,000 corporate non-filers
ISLAMABAD (May 24 2004): The Central Board of Revenue (CBR) has directed Regional Commissioners of Income Tax (RCITs) including Director…
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Amnesty schemes not to affect right of appeal: Revenue Board
ISLAMABAD (May 22 2004): The Central Board of Revenue (CBR) has conveyed to the chartered accountant firms that amnesty schemes…
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Revenue Board rejects move to levy CED on service providers
ISLAMABAD (May 22 2004): The Central Board of Revenue (CBR) has turned down a budget proposal prepared by sales tax…
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Contractors can be taxed individually, not jointly: Peshawar High Court
PESHAWAR (May 22 2004): A division bench of Peshawar High Court (PHC) has dismissed two appeals filed by Income Tax…
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Three percent further tax may go in next budget: supplies to unregistered persons
ISLAMABAD (May 17 2004): The Central Board of Revenue (CBR) is seriously considering abolition of 3 percent 'further tax' on…
