Economic and Finance News
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Banks and DFIs asked to ensure returns payable to investors and depositors based on Shariah
KARACHI (June 26 2003) : The State Bank has authorised banks and development financial institutions (DFIs) to determine, on their…
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Maintenance spares and consumable parts excluded from tax relief
ISLAMABAD (June 26 2003) : Rectifying an anomaly, the Central Board of Revenue (CBR) has excluded maintenance spares and consumable…
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State Bank extends period for banks' export financing limits
KARACHI (June 26 2003) : The State Bank has allowed banks to avail refinance against limits sanctioned in banks' favour…
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Ghee mill-owners and Revenue Board agree to sort out general sales tax issue
ISLAMABAD (June 25 2003) : The Central Board of Revenue (CBR) and the ghee mill-owners on Tuesday agreed to amicably…
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Union Bank and American Express launch credit cards
KARACHI (June 25 2003) : Union Bank and American Express on Tuesday launched 'Union Bank American Express Green and Gold…
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Revenue Board starts probe into illegal foreign exchange business
ISLAMABAD (June 25 2003) : On the complaint of State Bank of Pakistan (SBP), the federal tax authorities have started…
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Three categories not to get sales tax and additional tax exemption
ISLAMABAD (June 24 2003) : The Central Board of Revenue (CBR) would not extend sales tax/additional tax exemption under SRO…
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Write-off scheme Banks, DFIs settle Rs10.50bn bad loans
LAHORE, June 23: Banks and development finance institutions (DFIs) are stated to have settled over 19,000 nonperforming loans involving a…
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Project for computerised customs clearance at Karachi soon: Revenue Board
FAISALABAD (June 22 2003) : The Central Board of Revenue (CBR) is set to launch a pilot project for electronic…
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Budget anomalies: Revenue Board's directive to stakeholders
ISLAMABAD (June 22 2003) : The Central Board of Revenue (CBR) has directed all the stakeholders to submit their cases/complaints…
