News
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Sales tax on cotton may go temporarily
KARACHI (November 11 2003): The government is considering suspension of sales tax on cotton temporarily for a few months, it…
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Impact of Prudential Regulations: banks to cut equity investment in two years, DFIs exempted
KARACHI (November 11 2003): Dr Ishrat Husain, Governor, State Bank of Pakistan (SBP), assured a delegation of Karachi Stock Exchange…
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CED rebate allowed on lubricating oil export
ISLAMABAD (November 09 2003): The Central Board of Revenue (CBR) has given rebate of central excise duty (CED) on export…
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Export finance scheme applicable to pottery items
KARACHI (November 09 2003): The State Bank has made it clear to banks that 'Pottery' is also included in the…
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CBR to release pending sales tax refund claims of Leather exporters
KARACHI (November 09 2003): The Central Board of Revenue (CBR) has agreed to release the pending sales tax refund claims…
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Deloitte says couldn't detect Ahold irregularities
Deloitte & Touche defended itself on Wednesday from criticism it failed to detect profit overstatements at retailer Ahold, saying it…
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KPMG to cut global ties with law firms
Big accounting firm KPMG has said that it would stop providing legal services, and blamed United States corporate governance rules…
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Move to prohibit freezing of businessmen's assets
LAHORE (November 08 2003): The federal government, in order to boost the national economy and attract investments, has decided to…
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World Bank praises new sales tax audit plan
ISLAMABAD (November 08 2003): While appreciating the Central Board of Revenue (CBR) plan to develop a separate 'Tax Audit Function',…
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Model guide prepared to improve auditing
ISLAMABAD (November 08 2003): To make sales tax auditing system more efficient, the Central Board of Revenue (CBR) has prepared…
