Economic and Finance News
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Concern at 16.3 percent rise in sales tax refund
ISLAMABAD (June 06 2003) : The Economic Survey (2002-2003) released here on Thursday expressed concern over 16.3 percent increase in…
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Duty and sales tax relief on machinery import to be allowed
ISLAMABAD (June 06 2003) : To meet export target assigned to industrial/manufacturing sector, the government has decided to allow exemption…
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Economic Survey being released on June 5
ISLAMABAD (June 05 2003) : Finance Minister Shaukat Aziz will release the Economic Survey 2002-03 on Thursday, with an estimated…
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SECP seeks funds for project developed to promote corporatisation
KARACHI (June 05 2003) : The Securities and Exchange Commission of Pakistan (SECP) has requested for funds for its project…
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New system in Budget 2003-04 to reduce sales tax refund period
ISLAMABAD (June 05 2003) : While making comprehensive amendments in the sales tax refund procedure, through budget 2003-04, the government…
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Insurance companies seek capital gains tax exemption
KARACHI (June 05 2003) : Insurance companies are once again looking forward to some positive announcements to flow from the…
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UK company buys majority equity in IP Securities: new set-up named 'Capital One Ltd'
KARACHI (June 04 2003) : Asian Emerging Markets Investments Ltd (AEMI), a UK based company, has bought majority equity in…
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Tax rates to be lowered in budget: no new levy proposed; entire system to be simplified
ISLAMABAD (June 04 2003) : No new taxes will be introduced in the Budget 2003-04, rather tax rates would be…
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Two companies penalised for not holding annual general meetings
KARACHI (June 04 2003) : The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties on two listed companies…
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General sales tax to be raised to 20 percent on some raw materials
ISLAMABAD (June 03 2003) : The government would enhance general sales tax (GST) rate from 15 to 20 percent on…
