News
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IASB Issues Standard on Share-based Payment
The International Accounting Standards Board (IASB) today issued International Financial Reporting Standard 2 Share-based Payment (IFRS 2) on accounting for…
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EPZ infrastructure cess withdrawn
KARACHI (February 25 2004): The Sindh Cabinet, which met here on Tuesday, decided to withdraw 0.5 percent infrastructure cess from…
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14 items added to ATT list: ECC removes ghee from DTRE regime
ISLAMABAD (February 25 2004): The Economic Co-ordination Committee (ECC) of the Cabinet has allowed 14 more items to pass through…
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Cotton hedge trade not un-Islamic: Law Division
ISLAMABAD (February 25 2004): The Law Division has said that hedge trading was not against the Islamic mode of trade…
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Banks, DFIs ignoring SBP guidelines: Loan write-off
LAHORE, Feb 17: In spite of clear instructions from the State Bank of Pakistan, banks and development finance institutions (DFIs)…
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Local dollar collection and settlement system introduced
KARACHI (February 20 2004): The State Bank of Pakistan (SBP) on Thursday introduced “Local US Dollar Instruments Collection and Settlement…
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Revenue Board seeks to bring stevedores into sales tax net
ISLAMABAD (February 21 2004): To bring 'stevedoring' services into the sales tax net, the Central Board of Revenue (CBR) has…
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Rebate on plastic mats and pottery tableware exports
ISLAMABAD (February 22 2004): The Central Board of Revenue (CBR) has given duty drawback on export of plastic mats and…
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CIRC to issue Rs 4.54bn bonds
The Corporate and Industrial Restructuring Corporation (CIRC), established in September 2000 to handle the cases of non-performing loans (NPL) of…
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CBR starts reviewing ST audit report
LAHORE, Feb 17: The Central Board of Revenue is undertaking an independent review and scrutiny of every sales tax audit…
