Economic and Finance News
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Settlement of Non-performing loans: CBR urged not to charge tax
LAHORE, March 27: Businessmen have called upon the Central Board of Revenue (CBR) not to charge any tax on the…
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IMF flays performance of Revenue Board sales tax auditors
ISLAMABAD (March 28 2003) : The International Monetary Fund (IMF) has expressed concern over the poor performance of the Central…
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UBL to float securitised terms finance certificates worth Rs 990 million
KARACHI (March 28 2003) : The country's corporate world to see first listing of Asset Back Securitisation paper in form…
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Banks may close millions of accounts unless SBP rule on deposit terms is abolished
KARACHI (March 26 2003) : Banks may be obliged to close millions of accounts unless the State Bank of Pakistan…
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Panel set up to resolve sales tax disputes
ISLAMABAD (March 26 2003) : The Central Board of Revenue (CBR) has constituted an 11-member panel, including chartered accountants, businessmen,…
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State Bank issues 'Master Circular' to work out bank's minimum capital
KARACHI (March 26 2003) : The State Bank of Pakistan on Tuesday issued a 'master circular' for the banks regarding…
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Large Taxpayer Unit to cover textile sector and high-profile entrepreneurs
ISLAMABAD (March 25 2003) : As the International Monetary Fund (IMF) has recommended to the Central Board of Revenue (CBR)…
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Two percent surcharge on imports cleared up to March 31 waived
ISLAMABAD (March 25 2003) : To facilitate the importers, the Central Board of Revenue (CBR) has waived-off two percent penal…
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SECP assigned task of regulating Private Pension Schemes and Funds
KARACHI (March 25 2003) : The government has decided to assign the responsibility of regulation of Private Pension Schemes and…
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Revenue Board devising new system for income tax returns under SAS
ISLAMABAD (March 24 2003) : Under the guidelines of International Monetary Fund (IMF), the Central Board of Revenue (CBR) is…
