Economic and Finance News
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15 percent GST on professionals unlikely in next budget
ISLAMABAD (April 05 2003) : The International Monetary Fund (IMF) proposal to slap 15 percent general sales tax (GST) on…
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Government collecting Rs 16.20 per litre on motor gasoline
ISLAMABAD (April 04 2003) : The federal government is collecting Rs 16.20 per litre in lieu of different levies on…
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Taxation policy defended: CBR chief stresses need for applying fiscal laws correctly
KARACHI (April 04 2003) : The Chairman, Central Board of Revenue (CBR), Riaz Ahmad Malik, while defending the present taxation…
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Rs 2.1 billion profit in 2002: PIAC board okays annual accounts
LAHORE (April 04 2003) : The 270th meeting of the PIAC board of directors, held here on Thursday with PIAC…
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Afghans to use Bandar Abbas if ATTA negative list not abolished
KARACHI (April 02 2003) : It has been officially indicated by government functionaries in Afghanistan that in case the negative…
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Importers facilitated: advance remittances up to 50 percent allowed
KARACHI (April 02 2003) : The State Bank of Pakistan has allowed the authorised dealers to approve requests of advance…
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Non-banking Finance Companies Rules notified
ISLAMABAD (April 02 2003) : The SECP on Tuesday notified the Non-banking Finance Companies (Establishment and Regulation) Rules, 2003 (NBFC…
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Shipping cos impose war risk surcharge
KARACHI, March 31: In a major move, the shipping companies have imposed with immediate effect war risk surcharge (WRS) on…
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SBP assigned to sell government shares in ABL: Privatisation Commission decision
ISLAMABAD (April 01 2003) : The Privatisation Commission has entrusted the task of selling the government stake in Allied Bank…
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Banking ombudsman to be appointed soon: State Bank governor
KARACHI (April 01 2003) : Dr Ishrat Hussain, Governor, State Bank of Pakistan (SBP) has said that the government will…
