News
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Revenue Board proposes amendments in Income Tax Rules 2002
ISLAMABAD (July 02 2003) : The Central Board of Revenue (CBR) has proposed comprehensive amendments in the Income Tax Rules…
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India's ICICI Bank trips on US accounting rules
Accounting standards followed by the US has pushed ICICI Bank — India’s leading private sector bank — into the red…
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India ready for foreign auditors
Depending on the offers from other members of the World Trade Organization, foreign companies operating in India may, in the…
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Tax relief for textile units: Board of Investment blames Commerce for delay in cases finalisation
ISLAMABAD (July 01 2003) : The Board of Investment (BoI) has blamed Ministry of Commerce for delay in the finalisation…
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SBP circulars are binding on banks: Sindh High Court
KARACHI (July 01 2003) : Sindh High Court has held that State Bank circulars are binding on, and are to…
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Banks and DFIs to report Revenue Board over Rs 10,000 profit paid to clients
KARACHI (July 01 2003) : The State Bank on Monday decided that all banks, development financial institutions (DFIs) are required…
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Duty drawback rates on various items' export announced
ISLAMABAD (June 29 2003) : The Central Board of Revenue (CBR) has given duty drawback on export of luxury/multicolour tissues,…
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Listed corporate bond market remains more active: State Bank
KARACHI (June 27 2003) : The State Bank of Pakistan (SBP) has said that the listed corporate bond market was…
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Fiscal Responsibility and Debt Limitation Ordinance 2003 okayed
ISLAMABAD (June 27 2003) : The Federal Cabinet on Thursday approved much-needed “Fiscal Responsi-bility and Debt Limitation Ordinance 2003”, which…
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Central excise duty to be removed from many essential items, barring a few
KARACHI (June 28 2003) : The government intends to gradually withdraw central excise duty from a number of items and…
