Economic and Finance News
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SECP starts process against 22 companies for failing to hold annual general meeting
ISLAMABAD (June 14 2003) : The Securities and Exchange Commission of Pakistan (SECP) has initiated process to wind up 22…
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New system to verify extra airfreight paid by foreign suppliers
ISLAMABAD (June 13 2003) : To adopt uniform procedure for assessment of imported consignments, the government has drafted new methodology…
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Revenue Board allows central excise duty adjustment on various goods
ISLAMABAD (June 13 2003) : To facilitate importers and manufacturers of excisable commodities, the Central Board of Revenue (CBR) has…
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Value of corporate governance being realised: SECP chief
KARACHI (June 13 2003) : Securities and Exchange Commission of Pakistan (SECP) Chairman Abdul Rehman Qureshi has said that it…
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Auto industry registers 51.4 percent growth
KARACHI (June 12 2003) : During the current financial year, the automobile industry has registered enormous growth owing to declining…
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Tax on prize money may create problems
KARACHI (June 12 2003) : The Finance Bill 2003 has proposed that every person paying prize on prize bond, or…
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Industrial sales come to a standstill due to SRO 507
KARACHI (June 12 2003) : The industrial sales have come to a standstill due to SRO 507 issued in the…
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Bank income from mutual fund debt to be taxed at corporate rate
KARACHI (June 11 2003) : The government has imposed tax on income received by banks from debt or fixed income…
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SBP advises banks to capitalise on reliefs in Budget
KARACHI (June 11 2003) : The Federal Government has accepted recommendations presented by the State Bank to provide tax relief…
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General sales tax on processed food stuff abolished
ISLAMABAD (June 11 2003) : Withdrawing central excise duty (CED) on the incoming international telephone calls, the government has taken…
