News
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Big Companies Rule Out Non-Big 4 Auditors
Most large U.S. companies won't even consider hiring an auditor from outside the ranks of the Big 4 accounting firms,…
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Bonded carriers: Revenue Board revises transportation procedure
ISLAMABAD (September 30 2003): The Central Board of Revenue (CBR) has made revolving bank guarantee/Defence Saving Certificates mandatory for the…
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Income tax exemption: religious bodies' rating by private agency from July
ISLAMABAD (October 01 2003): The Central Board of Revenue (CBR) has decided to start certification/rating of non-profit/religious organisations through independent…
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Over 1000 units blacklisted for Sales Tax law violation
ISLAMABAD (September 27 2003): The Central Board of Revenue (CBR) has blacklisted over 1000 suspected units allegedly involved in the…
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Attock Cement earns Rs 132 million profit
KARACHI (September 27 2003): Attock Cement Pakistan Ltd profit in the year ended June 30, 2003, rose by 38 percent…
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Refund requests with income tax returns to be processed separately
ISLAMABAD (September 29 2003): To ensure proper entry of taxpayers' data gathered through income tax returns under Universal Self-Assessment Scheme…
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SBP approves NDLC-IFIC Bank amalgamation
KARACHI (September 26 2003): The State Bank (SBP) has approved the amalgamation of National Development Leasing Corp (NDLC) and International…
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Audit parameters for exporters under DTRE scheme
ISLAMABAD (September 26 2003): The Central Board of Revenue (CBR) has devised parameters for audit of exporters operating under the…
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Bid option in PIBs available to retail investors: SBP
KARACHI (September 26 2003): The non-competitive bid option is available to the retail investors only and commercial banks, DFIs and…
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Revenue Board asked to ensure timely submission of sales tax returns by banks
ISLAMABAD (September 26 2003): Tax consultant Maxwell Stamps has asked the Central Board of Revenue (CBR) to ensure timely submission…
