Economic and Finance News
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Muslim Commercial Bank profit almost doubles
KARACHI (April 29 2003) : The profit before tax of Muslim Commercial Bank was almost double in the first quarter…
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Pak Suzuki profit rises two-fold in first quarter
KARACHI (April 29 2003) : Pak Suzuki Motor Co, the country's largest auto assembler of Suzuki cars, said profit rose…
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Central excise duty abolition on major items ruled out
ISLAMABAD (April 29 2003) : The tax managers have ruled out abolition of central excise duty (CED) on major revenue…
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PTCL profit records Rs 2.3 billion increase in nine months
KARACHI (April 29 2003) : Pakistan Telecommunication Company's net profit recorded a significant growth of nearly Rs 2.3 billion in…
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Exact number of income tax exemption not possible before budget: IMF told
ISLAMABAD (April 28 2003) : The government has conveyed to the International Monetary Fund (IMF) that the Central Board of…
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Withholding tax on calling cards may be removed
ISLAMABAD (April 28 2003) : Despite opposition from Central Board of Revenue (CBR), the government has decided in principle to…
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Indus Motors records 100 percent growth
PAK SUZUKI CO: Pak Suzuki Co, the leading company with around 37 percent share in the local car manufacturers' market,…
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50 percent branches of banks to be automated by 2004: SBP governor
KARACHI (April 27 2003) : Governor State Bank Dr Ishrat Hussain has said that despite starting late, Pakistan has made…
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Warehousing surcharge not to be levied on machinery
ISLAMABAD (April 27 2003) : To give a major relief to the importers, the Central Board of Revenue (CBR) has…
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Revenue Board mulling to enhance Appeals Collector's powers
ISLAMABAD (April 26 2003) : To strictly check the activities of adjudicating officers from fiscal year 2003-04 onwards, the Central…
