Economic and Finance News
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Banks ignore SBP directives as ATMs remain out of cash
KARACHI (October 25 2006): Despite clear directives by the State Bank of Pakistan (SBP) to all banks that adequate backup…
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CBR can forgo tax on loans from non-resident bank
ISLAMABAD (October 24 2006): The Central Board of Revenue (CBR) is empowered to give income tax exemption to loans obtained…
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CBR issues 'Green', 'Red' channels lists
ISLAMABAD (October 10 2006): The Central Board of Revenue (CBR) has issued lists of duty-free allowances admissible for clearance of…
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CBR opposes new exemptions to aviation industry
ISLAMABAD (October 11 2006): The Central Board of Revenue (CBR) has opposed any new exemption/concession of duties and taxes to…
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CBR notifies powers of valuation, PCA departments officials
ISLAMABAD (October 05 2006): The Central Board of Revenue (CBR) has empowered the valuation officers, appraisers and auditors of Valuation…
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SECP, IFC and PICG Launch Corporate Governance Survey
ISLAMABAD (October 03 2006): The International Finance Corporation (IFC), the Securities and Exchange Commission of Pakistan (SECP) and Pakistan Institute…
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SECP issues show-cause to CSIBL and directors on charges of fraud and misconduct
KARACHI (September 16 2006): The Securities and Exchange Commission of Pakistan (SECP) has issued a show-cause notice to the Crescent…
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CBR to hire legal experts to assist in its restructuring
ISLAMABAD (September 16 2006): The Central Board of Revenue (CBR) has decided to appoint legal counsels, including individuals and companies,…
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SBP seeks comments on Securities Bill draft
KARACHI (September 14 2006): The State Bank of Pakistan (SBP) has sought the opinion, comments of concerned quarters on Government…
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CBR to collect 15 percent sales tax on UPS
ISLAMABAD (September 14 2006): The Central Board of Revenue (CBR) will collect 15 percent sales tax on import and local…
