News
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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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SECP bans 16 companies from forex business
ISLAMABAD (September 24 2003): The Securities and Exchange Commission of Pakistan (SECP), in order to eliminate illegal activities of 16…
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Sales Tax registration: assessment order not needed from new traders
ISLAMABAD (September 24 2003): The Central Board of Revenue (CBR) would not demand Income Tax Assessment Order for the last…
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Short payment not to be basis for audit under USAS
ISLAMABAD (September 24 2003): The Central Board of Revenue (CBR) has decided that short-payment of tax would not form the…
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PTCL posts Rs 23 billion profit
KARACHI (September 25 2003): Pakistan Telecommunication Ltd, (PTCL) said on Wednesday that its profit rose 16.5 percent, to Rs 23.08…
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Facility for large taxpaying units for filing cases against Revenue Board
ISLAMABAD (September 24 2003): The large taxpaying units of Karachi and those operating under Sales Tax House, Karachi, can file…
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Revenue Board clarifies returns filing issues
ISLAMABAD (September 24 2003): Clarifying issues relating to filing of income tax returns, the Central Board of Revenue (CBR) has…
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Fired Coke Auditor Takes On Giant Corporation in Lawsuit
Matthew Whitley wanted to work for Coca-Cola Co. so much that he submitted his resume 15 times. After being hired,…
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Applix fires Ernst & Young as SEC probe continues
Applix Inc., a maker of business software, said on Monday it fired Ernst & Young as its independent accounting firm…
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ING Bank Sues JP Morgan, Deloitte
ING Bank contends it lost hundreds of millions of dollars as a result of a “massive Ponzi scheme” at now-defunct…
