News
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CGT exemption extended to 2010, no change in CVT
KARACHI (June 04 2008): The government has agreed to extend exemption of Capital Gain Tax (CGT) on listed shares to…
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Helen Brand appointed as New Chief Executive of ACCA
Helen Brand, 43, has been appointed as the new chief executive of ACCA (Association of Chartered Certified Accountants). Currently the…
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ACCA and PTCL join hands to cultivate professional talent
Islamabad – ACCA (Association of Chartered Certified Accountants) Pakistan hosted a ceremony at the Serena Hotel on Wednesday to certify…
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SBP, ICAP to help implement IFAS-2
KARACHI: The State Bank of Pakistan (SBP) on Monday organised a seminar on ‘Murabaha and Ijara Accounting Standards’ to develop…
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No withholding tax deduction for making payments to banking companies
ISLAMABAD (March 01 2008): There is no requirement in the Seventh Schedule (banking schedule) of the Income Tax Ordinance 2001…
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FBR Abolishes Bank Endorsement Condition on Good for Payment
ISLAMABAD (February 28 2008): The Federal Board of Revenue (FBR) has abolished condition of bank's endorsement (good for payment) on…
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Bank of Punjab seeking Licence to Launch Islamic Banking Services
LAHORE (February 27 2008): The Bank of Punjab (BoP) has applied to the State Bank of Pakistan (SBP) for the…
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Special Excise Duty Adjustment: FBR to Remove Confusion
ISLAMABAD (February 27 2008): The Federal Board of Revenue (FBR) will remove the confusion about the issuance of invoices by…
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Commercial importers to file goods declarations through clearing agents
ISLAMABAD (February 24 2008): The Federal Board of Revenue (FBR) has decided to abolish the condition of bachelor degree (BA)…
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Non-filers of Sales tax Returns to be De-registered
ISLAMABAD (February 25 2008): The Federal Board of Revenue (FBR) has decided to cancel the sales tax registration of all…
