News
-
No retrospective recovery of presumptive tax under study: CBR
ISLAMABAD (August 05 2005): The Central Board of Revenue (CBR) is considering not to retrospectively recover amount from the manufacturers-cum-suppliers,…
-
Drive begins to raise GST collection from big units
ISLAMABAD (August 02 2005): The Central Board of Revenue (CBR) has launched an exercise to raise general sales tax (GST)…
-
CBR barred from auditing PIA income tax return
ISLAMABAD (August 02 2005): Federal Tax Ombudsman (FTO) former Justice Munir A. Sheikh has stopped audit of PIA's income tax…
-
SBP allows change in MCB name
KARACHI (July 31 2005): The State Bank of Pakistan has allowed change in the name of Muslim Commercial Bank as…
-
ICAP announces Professional/Final Summer 2005 examination results
KARACHI, August 01, 2005: The Institute of Chartered Accountants of Pakistan (ICAP) has announced the results of its Final/ Professional…
-
President endorses CITs authority for audit
ISLAMABAD (August 01 2005): Endorsing the CBR's verdict on audit under the Universal Self-Assessment Scheme (USAS), President Pervez Musharraf has…
-
PSO profit may depict 40 percent growth in fiscal year 2005
KARACHI (July 28 2005): Pakistan State Oil Limited (PSO) is expected to report a 40 percent growth in its earnings…
-
UBL earnings may double
KARACHI (July 28 2005): United Bank net earnings for the six months ended on June 30, 2005, would be more…
-
Engro Chemicals declares 30 percent dividend on 50 percent profit rise
KARACHI (July 28 2005): Engro Chemicals profit in the six months ended June 30, 2005, rose by 50 percent because…
-
CBR clarifies withholding tax on ship-breaking
ISLAMABAD (July 28 2005): To facilitate the ship-breaking industry, the Central Board of Revenue (CBR) has announced that one percent…
