Economic and Finance News
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Islamic finance breeds few entrepreneurs
KUALA LUMPUR: Islamic finance has made plenty of money for bankers and lawyers but has fallen short of the goal…
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CBR to probe non-corporate taxpayers' income during third-party audits
ISLAMABAD (March 01 2007): The Central Board of Revenue (CBR), during the upcoming field audit at national level, is planning…
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SECP for re-evaluating modaraba model
KARACHI: Salman A. Shaikh, Commissioner, Securities and Exchange Commission of Pakistan, said on Monday, 'the basic modaraba model should be…
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NBP announces 40pc dividend on 2006 profits
KARACHI: The National Bank of Pakistan (NBP) on Monday announced a cash dividend of 40 per cent (Rs4 per share)…
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Sales tax on defence purchases: CBR to approach Military Accountant General
ISLAMABAD (February 17 2007): The Central Board of Revenue (CBR) has decided to approach the Military Accountant General to reconcile…
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NCEL working, a new crisis for SECP
KARACHI (February 17 2007): As if the crisis at the Karachi Stock Exchange was not enough, the Securities and Exchange…
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SBP pays Rs 29 billion under Long Term Finance for Export Scheme
KARACHI (December 23 2006): The State Bank of Pakistan has disbursed Rs 29 billion by December 20, 2006 under its…
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CBR audit officials denied access to records
ISLAMABAD (December 20 2006): The regional income tax officials have shown reluctance to provide tax records of different companies/units to…
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SBP relaxes rules for foreign companies for opening bank account
KARACHI (December 09 2006): The State Bank of Pakistan has decided to relax the condition of obtaining 'Board Resolution' and…
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SBP may get powers to penalise currency dealers
ISLAMABAD (November 28 2006): The government is likely to authorize the State Bank of Pakistan (SBP) to impose monetary penalties…
