News
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CBR starts probe against units with low value-addition
ISLAMABAD (December 13 2003): The Central Board of Revenue (CBR) has launched a countrywide investigation drive against manufacturers showing less…
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State Bank clarification about Non-performing Loans (NPLs)
KARACHI (December 13 2003): The State Bank on Friday sent clarification regarding the write-offs of irrecoverable loans and advances to…
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KPMG 'obstructed US tax inquiry'
The US Justice Department has accused accountancy firm KPMG of obstructing an investigation into tax shelters. According to a court…
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Three percent extra GST no longer adjustable
KARACHI (December 12 2003): The Central Board of Revenue (CBR), through an SRO, has made payment of three percent further…
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New sales tax refund rules under preparation
KARACHI (December 12 2003): New Sales Tax refund rules are under preparation and would be presented soon to the FPCCI…
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Companies asked to raise their buy-back offers
KARACHI (December 12 2003): The Karachi Stock Exchange (KSE) has asked number of companies to raise their buy-back offers in…
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DTRE scheme issues clarified
ISLAMABAD (December 11 2003): To facilitate the exporters, the Central Board of Revenue (CBR) has clarified various issues relating to…
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CBR transfers seven auditors
ISLAMABAD (December 10 2003): The Central Board of Revenue (CBR) has transferred seven senior auditors of Collectorate of Sales Tax,…
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CED adjustment on beverage disallowed
ISLAMABAD (December 10 2003): The Central Board of Revenue (CBR) has turned down a major demand of soft drink manufacturers…
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State Bank to revamp locally manufactured machinery scheme
KARACHI (December 10 2003): The State Bank has decided to revamp the entire financing system of locally manufactured machinery (LMM)…
