Economic and Finance News
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State Bank guidelines for microfinance banks mobile operations
KARACHI (February 16 2003) : The State Bank on Saturday came out with detailed guidelines for mobile banking operations of…
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Two foreign exchange companies allowed to take non-dollar notes to Dubai
KARACHI (February 16 2003) : The State Bank has stopped the money changers from taking out foreign currency notes, other…
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SECP received 694 complaints against listed companies in 2001-02
KARACHI (February 16 2003) : The Securities & Exchange Commission of Pakistan (SECP) received 292 complaints by small investors and…
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State Bank cuts mark-up rate to 9.5 percent
KARACHI (February 16 2003) : The State Bank of Pakistan on Saturday announced 2.5 percent reduction in the mark-up rate…
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35 percent ghee units closed due to heavy taxation
KARACHI (February 15 2003) : Of total 89 vegetable ghee and cooking oil units working in the organised sector, 35…
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Revenue Board starts sales tax arrears recovery from short-filers
ISLAMABAD (February 15 2003) : The Central Board of Revenue (CBR) has started recovery of sales tax arrears from hundreds…
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Pakistan makes a beginning in ECN
ISLAMABAD (February 15 2003) : Pakistan makes a beginning in ECN (Electronic Communication Network) which serves as an alternative trading…
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Revenue Board clarifies definition under Income Tax Ordinance
ISLAMABAD (February 15 2003) : The Central Board of Revenue (CBR) has issued a clarification to all Regional Commissioners of…
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Less imports to protect industry: Safeguard Measures Rules, 2003 issued
ISLAMABAD (February 15 2003) : To curtail huge influx of imported goods, the government has issued “Safeguard Measures Rules, 2003”…
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Central excise duty evasion: Revenue Board unable to ascertain beverage output data
ISLAMABAD (February 12 2003) : Despite all-out efforts, the Central Board of Revenue (CBR) has not been successful in collecting…
