Economic and Finance News
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Government urged to revise drawback rates on polyester products
LAHORE (March 14 2003) : All Pakistan Textile Mills Association (Aptma) has demanded of the government to immediately announce revised…
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Karachi large taxpayer unit told to ensure over Rs 36 billion sales tax recovery
ISLAMABAD (March 14 2003) : Taking serious note of less sales tax collection by Large Taxpayer Unit (LTU), Karachi, as…
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Corporate sector assessees: Revenue Board compiling data to detect variation in income tax payments
ISLAMABAD (March 14 2003) : The Central Board of Revenue (CBR) is collecting information pertaining to income tax deposited by…
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CBR likely to amend Sales Tax refund rules
ISLAMABAD, March 12: The Central Board of Revenue (CBR) is likely to further amend the sales tax refund rules to…
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Financial sector mergers: guidelines
KARACHI, March 12: The State Bank of Pakistan on Wednesday issued guidelines to structure and discipline due diligence process for…
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Foreign currency export finance mark-up (FCEF) rates amended
KARACHI, March 12: The State Bank of Pakistan, Wednesday night announced to amend the mark-up rates to be charged on…
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Setting up of KITE Ltd
KARACHI, March 12: Sindh Governor Dr Ishrat ul Ibad has set up a committee under the chairmanship of Sindh Minister…
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UBL profit up by 87 percent in 2002: first annual report after privatisation
KARACHI (March 12 2003) : United Bank Limited pre-tax profit in 2002 jumped by 87 percent, touching Rs 2.8 billion…
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IMF wants withholding tax relief on NSS profits withdrawn
ISLAMABAD (March 12 2003) : The IMF has recommended to the government of Pakistan to withdraw, in the budget 2003-04,…
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Govt orders release of Rs25-30bn sales tax refund
ISLAMABAD, March 11: The government on Tuesday directed the Central Board of Revenue (CBR) to release Rs25-30 billion sales tax…
