Economic and Finance News
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SECP reforms make positive impact on bourses
ISLAMABAD (March 31 2003) : The reforms introduced by Securities and Exchange Commission of Pakistan (SECP) has made a very…
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Inter-corporate investment and disclosure
A company may invest in another company for many reasons, to make a strategic partnership with a customer or supplier,…
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Revenue Board devising mechanism to determine exact turnover
ISLAMABAD (March 31 2003) : On the direction of International Monetary Fund (IMF), the Central Board of Revenue (CBR) is…
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Export refinance rate cut by one percent
KARACHI (March 30 2003) : The State Bank of Pakistan has cut the interest rate it charges to finance exports…
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CBR and SBP to devise foolproof system for tax receipts reporting
ISLAMABAD (March 30 2003) : The Central Board of Revenue (CBR) and State Bank of Pakistan (SBP) have decided to…
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Karachi Electric Supply Corporation agrees to cut Security Deposit, SDC
KARACHI (March 30 2003) : A long-standing demand, initially raised by SAI, for reduction in security deposit and system development…
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SBP issues new guidelines for banks to prevent money laundering
KARACHI (March 30 2003) : The State Bank of Pakistan (SBP) has issued new guidelines for all banks to prevent…
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Shipping firms levy war risk surcharge
KARACHI (March 29 2003) : The shipping companies operating in the Gulf have announced to levy war risk surcharge with…
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New sales tax registration rules to be issued in next budget
ISLAMABAD (March 29 2003) : The Central Board of Revenue (CBR) has decided to issue new sales tax registered rules…
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Oil Marketing Companies seek raise in profit/margin rates
ISLAMABAD (March 29 2003) : Oil Marketing Companies (OMCs) have demanded of the government to raise their profit/margin rates on…
