News
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14 sugar mills sales tax audit started
ISLAMABAD (July 26 2005): Special audit of 14 sugar mills is underway to ascertain actual sales tax liability of this…
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SECP defers transfer pricing till December 31
KARACHI (July 26 2005): The Securities and Exchange Commission of Pakistan (SECP) has granted further exemption from application of clause…
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Accenture Puts $100M in Information Management Services
Accenture said that the company will invest $100 million over the next three years to accelerate the growth of its…
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SBP asks banks to diversify investments
KARACHI (July 25 2005): The State Bank of Pakistan (SBP) has asked all banks and financial institutions to diversify their…
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Textile units sales tax refund claims to be verified
ISLAMABAD (July 25 2005): The Central Board of Revenue (CBR) has decided to issue sales tax refund to textile sector…
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CBR to devise withholding tax agents registration system
ISLAMABAD (July 25 2005): The Central Board of Revenue (CBR) has decided to devise a 'centralized registration system of withholding…
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100 percent waiver on taxes clearance by July 31
ISLAMABAD (July 24 2005): The Central Board of Revenue (CBR) has given 100 percent waiver of fine/additional tax, penal surcharge…
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State Bank guidelines for infrastructure financing
KARACHI (July 24 2005): The State Bank of Pakistan, after consultations with various stockholders, has formulated guidelines for banks and…
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Drive to broaden tax base from August 1
ISLAMABAD (July 23 2005): The Central Board of Revenue (CBR) will shortly launch a countrywide drive to broaden the tax…
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PPL files appeal against collector's decision
LAHORE (July 24 2005): Pakistan Petroleum Limited (PPL) has challenged the decision of the Collector (Adjudication) Hyderabad, declaring company's move…
