News
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FTO asks CBR to amend Section 236 of Income Tax Ordinance
LAHORE (June 12 2005): Federal Tax Ombudsman (FTO) has directed CBR to make necessary amendments in section 236 of Income…
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SECP withdraws regulatory role in FPCCI disputes
KARACHI (June 12 2005): The Securities and Exchange Commission of Pakistan (SECP) has withdrawn from performing its regulatory role in…
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SEC Proposes Evaluation of XBRL Use
The U.S. Securities and Exchange Commission (SEC) has proposed to allow filings that include tagged financial information using extensible business…
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New section added in Customs Act regarding Ship master's responsibilities
ISLAMABAD (June 11 2005): The Central Board of Revenue (CBR) has announced a new procedure to regulate loading and unloading…
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New system for sales tax collection from food, drink suppliers
ISLAMABAD (June 11 2005): The Central Board of Revenue (CBR) has issued special procedure for collection of sales tax on…
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SECP and ICAP discuss accounting issues
KARACHI: A meeting of the coordination committee of the Securities and Exchange Commission of Pakistan (SECP) and the Institute of…
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Special procedure for issuance of electronic sales tax invoices
ISLAMABAD (June 10 2005): To facilitate the business community, the Central Board of Revenue (CBR) has issued special procedure for…
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Remittance transaction: SBP directive to franchisees
KARACHI (June 10 2005): The State Bank of Pakistan in a circular on Thursday clarified that all franchisees, who have…
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CBR unveils concept of vehicle detention
ISLAMABAD (June 10 2005): The Central Board of Revenue (CBR) has empowered the Directorate General of Intelligence and Investigation, Customs…
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Record maintenance period for audit reduced
ISLAMABAD (June 10 2005): The Central Board of Revenue (CBR) has reduced the time period of record maintenance from 5…
