Finance
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Pick 5 percent non-corporate and 20 percent corporate returns for audit: CBR directive to RCITs
ISLAMABAD (April 08 2004): The Central Board of Revenue (CBR) has directed all Regional Commissioners of Income Tax (RCITs) to…
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Banks and DFIs can get subsidiaries regularised by December 31
KARACHI (April 09 2004): The State Bank of Pakistan (SBP) has granted time to banks and development finance institutions (DFIs)…
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UBL plans Rs 2.5 billion TFC issue
KARACHI (April 09 2004): United Bank Ltd (UBL) has planned to float country's largest listed terms finance certificate valued at…
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Provisional sales tax registration allowed
ISLAMABAD (April 07 2004): Noticing the delay in sales tax registration of importers and manufacturers, the Central Board of Revenue…
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SBP to educate banks on SME lending
KARACHI: The State Bank of Pakistan (SBP) will pursue and educate commercial banks to extend loans to Small and Medium…
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SBP asks banks to comply with prudential rules
KARACHI (April 02 2004): The State Bank of Pakistan (SBP) has explained that prudential regulations represented minimum standards that the…
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SECP penalises three listed companies
KARACHI (April 02 2004): The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties of Rs 95,000 on the…
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MCB approves 27.5 percent cash dividend and 10 percent bonus
KARACHI (March 30 2004): Shareholders of Muslim Commercial Bank Limited on Monday approved 27.5 percent cash dividend and 10 percent…
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New rules to make Sales Tax refund more exporter-friendly
ISLAMABAD (March 30 2004): The new 'Sales Tax Refund Rules 2004' will be instrumental in giving preference to exporters under…
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Faysal Bank earns Rs 2.15 billion net profit in 2003
KARACHI (March 30 2004): Faysal Bank Limited has earned the profit highest amongst banks in Pakistan as Rs 2.15 billion…
