News
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SECP to set up Task Force on 'Takaful' business
ISLAMABAD (September 09 2003) : Chairman Securities and Exchange Commission of Pakistan (SEC), Dr Tariq Hassan has said that Commission…
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Income Tax returns filing date not to be extended
ISLAMABAD (September 09 2003) : Member Direct Taxes, Central Board of Revenue (CBR), Vakil Ahmed Khan has said that the…
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FSA warns companies on accounting standards
The Financial Services Authority in UK yesterday warned that British companies have been too slow in adopting new international accounting…
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Revenue Board asked to compile database for correct valuation
ISLAMABAD (September 08 2003) : The tax consultant Maxwell Stamps has asked the Central Board of Revenue (CBR) to compile…
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Monopoly Control Authority told to enhance penalty limits
ISLAMABAD (September 08 2003) : For creating competitive environment in the country, the government has directed the Monopoly Control Authority…
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State Bank permission awaited for NDLC and IFIC merger
KARACHI (September 08 2003) : The State Bank of Pakistan permission is awaited for formation of a joint venture bank…
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Tourism industry being denied tax exemptions
ISLAMABAD (September 07 2003) : Despite issuance of duties and taxes exemption notifications for tourism industry, particularly hotels, the government…
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Karachi East, West sales tax and central excise duty collectorates merged
ISLAMABAD (September 07 2003) : To facilitate the manufacturers of excisable commodities in Karachi, the government has asked all central…
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Revenue Board allows sealing of textile mill premises
ISLAMABAD (September 06 2003) : Taking stern action against a textile mill for the recovery of sales tax, the Central…
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Hubco profit falls 16 percent; 21 percent dividend declared
KARACHI (September 06 2003) : Hub Power Co, Pakistan's largest commercial electricity producer, said profit fell 16 percent in the…