Economic and Finance News
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Government amends sales tax refund rules to attract new exporters
ISLAMABAD (January 03 2003) : The government on Thursday announced three lucrative incentives to attract new commercial exporters, enhance scope…
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Customs asked to furnish imports, refunds details
ISLAMABAD (January 03 2003) : At the time when Central Board of Revenue (CBR) announced certain concessions to the commercial…
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Hubco not liable to taxation in Pakistan
KARACHI (January 03 2003) : Hub Power Company in a release issued on Thursday said that the company is not…
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Textile exports under SRO 410 to continue
KARACHI (January 03 2003) : The Customs will continue to allow till further notice temporary imports meant for textile export…
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SBP develops new guidelines for loan write-off
LAHORE (January 03 2003) : State Bank of Pakistan (SBP) has developed a new set of guidelines in consultation with…
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Non-compliance of minimum paid-up capital: 12 insurance companies stopped from further business
KARACHI (January 02 2003) : The Securities and Exchange Commission of Pakistan (SECP) has directed 12 insurance companies to cease…
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Subsidiaries allowed for Islamic banking
KARACHI (January 02 2003) : The State Bank of Pakistan on Wednesday authorised the commercial banks to set up subsidiaries…
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CBR to conduct 'desk audit' of taxpayers
ISLAMABAD (January 02 2003) : While terming the performance of sales tax auditors as below standard, the Central Board of…
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New Jubilee Insurance acquires Commercial Union in Pakistan's general insurance business
KARACHI (January 02 2003) : The New Jubilee Insurance Co has acquired the general insurance business of Commercial Union in…
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Plan for pensioners soon: profit rates on savings schemes reduced
ISLAMABAD (January 02 2003) : The dawn of the New Year witnessed the scaling down of the profits on the…
