News
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CBR restores excise duty rebate and sales tax refund on cement exports
ISLAMABAD (November 03 2006): The Central Board of Revenue (CBR) has restored rebate of federal excise duty (FED) and refund…
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SECP Issues Revised Draft of Real Estate Investment Trust Rules
ISLAMABAD (November 03 2006): The Securities and Exchange Commission of Pakistan (SECP) has issued revised draft of the Real Estate…
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SECP raises CFS limits for bourses
ISLAMABAD (November 03 2006): After a detailed meeting with the stock exchanges management, the Securities and Exchange Commission of Pakistan…
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CBR Imposes Regulatory Duty on Fixed Wireless Terminals Import
ISLAMABAD (November 03 2006): While exempting/reducing customs duty on the import of several items, the Central Board of Revenue (CBR)…
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Ex-CEO of Software Giant gets 12 years prison for Accounting Fraud
The former chief executive of Computer Associates International Inc. was sentenced to 12 years in prison and was fined $8…
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Banks ignore SBP directives as ATMs remain out of cash
KARACHI (October 25 2006): Despite clear directives by the State Bank of Pakistan (SBP) to all banks that adequate backup…
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CBR can forgo tax on loans from non-resident bank
ISLAMABAD (October 24 2006): The Central Board of Revenue (CBR) is empowered to give income tax exemption to loans obtained…
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CBR opposes new exemptions to aviation industry
ISLAMABAD (October 11 2006): The Central Board of Revenue (CBR) has opposed any new exemption/concession of duties and taxes to…
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CBR issues 'Green', 'Red' channels lists
ISLAMABAD (October 10 2006): The Central Board of Revenue (CBR) has issued lists of duty-free allowances admissible for clearance of…
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ACCA Pakistan to Conduct Corporate Governance Survey
The recently set up Pakistan Institute of Corporate Governance (PICG) was established to promote and help improve upon corporate governance…
