News
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SECP curb on COT to hurt badla investment
KARACHI (October 27 2003): The Securities and Exchange Commission's (SECP) ruling to restrict carry over transaction to 30 companies from…
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Minimum tax liability of non-filers to be fixed
ISLAMABAD (October 23 2003): To effectively deal with registered persons not filing sales tax returns, the Central Board of Revenue…
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Further tax relief on supply of spun yarn extended
ISLAMABAD (October 24 2003): To facilitate the textile sector, the Central Board of Revenue (CBR) has waived “further tax” on…
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15 more companies join NCSS
KARACHI (October 24 2003): Fifteen more companies joined National Clearing and Settlement System (NCSS) of the Central Depository Company (CPC),…
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Processing of refund claims in seven days ordered
ISLAMABAD (October 25 2003): The Central Board of Revenue (CBR) has directed all collectors of customs to process refund applications…
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National tax appeal programme to be devised
ISLAMABAD (October 25 2003): For speedy processing of appeals involving revenue matters, the Central Board of Revenue (CBR) will devise…
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Hubco Q1 profit down 13 percent
KARACHI (October 25 2003): Hub Power net profit in the first quarter ended September 30, 2003, fell 13 percent to…
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SBP to set up Shariah Board of religious scholars
ISLAMABAD (October 25 2003): The State Bank of Pakistan is forming a Shariah Board comprising 5-7 religious scholars as well…
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Five new medium taxpayer units established
ISLAMABAD (October 23 2003): To provide all tax facilities to medium-scale industry under one roof, the Central Board of Revenue…
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Banks allowed to set up asset management subsidiaries
KARACHI (October 23 2003): The State Bank of Pakistan on Wednesday allowed commercial banks to establish their own 'Asset Management…
