News
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Pricewaterhouse Settles Billing Case
Accounting giant PricewaterhouseCoopers has agreed to a $54.5 million settlement in a case that charged it and other major accounting…
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Government may appoint new CBR chief for three years
ISLAMABAD (December 23 2003): The government has to appoint new chairman of Central Board of Revenue (CBR) for a period…
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KPMG Criticizes Court's Enron Report
Big Four accounting firm KPMG said a critical report by an independent examiner in Enron Corp.'s bankruptcy accusing the firm…
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CBR to withdraw contravention cases: SRO 554/98 interpretation
ISLAMABAD (December 20 2003): The Central Board of Revenue (CBR) has decided to withdraw contravention cases against all exporters who…
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Revenue Board issues procedure for blacklisting units
ISLAMABAD (December 21 2003): The Central Board of Revenue (CBR) has empowered the collectors of sales tax to blacklist any…
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ICMAP calls for increased role of cost auditors
The Institute of Cost and Management Accountants of Pakistan (ICMAP) has recommended to the Central Board of Revenue (CBR) that…
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Zero-rated duty notified on import of wheat
ISLAMABAD (December 17 2003): Following the decision of Economic Co-ordination Committee (ECC) of the Cabinet, the Central Board of Revenue…
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Unilever planning parting with Dalda
KARACHI (December 18 2003): Unilever Pakistan Ltd, the country's largest consumer goods maker, announced on Wednesday it plans to sell…
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CBR withdraws Yellow Cab Scheme SRO
ISLAMABAD (December 19 2003): The Central Board of Revenue (CBR) has withdrawn SRO of 1991 regarding the “Yellow Cab Scheme”…
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ITIS solely for tax base broadening
ISLAMABAD (December 18 2003): The indigenously developed 'Integrated Tax Information System' (ITIS) would solely be used for broadening the tax…
