Economic and Finance News
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CBR simplifies sales tax rules
ISLAMABAD (September 13 2006): To simplify the sales tax documentation for leading sectors, the Central Board of Revenue (CBR) has…
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SECP revises NBFC Rules
ISLAMABAD (September 13 2006): The Securities and Exchange Commission of Pakistan (SECP), under revised Non-Banking Finance Companies (Establishment and Regulation)…
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Sales taxpayers without NTN to be barred from e-filing their returns
ISLAMABAD (September 02 2006): The Central Board of Revenue (CBR) will bar the registered sales taxpayers, operating without National Tax…
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SBP issues guidelines for livestock financing
KARACHI (August 29 2006): The State Bank of Pakistan (SBP) on Monday issued 'Guidelines for Livestock Financing' to facilitate and…
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High refund claims lead to scrutiny of tax records
ISLAMABAD (August 29 2006): The Central Board of Revenue (CBR), to check the authenticity of claims, has started examining the…
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Customs duty on black cabs reduced to 20 percent
ISLAMABAD (August 27 2006): The Central Board of Revenue (CBR) has reduced customs duty, to 20 percent, on import of…
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Crescent Investment Bank fails to submit audited accounts
KARACHI (August 25 2006): The Crescent Standard Investment Bank Limited (CSIBL) will go down in record books as the bank…
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MCB earns Rs 8.7 billion pre-tax profit for first half of 2006
KARACHI (August 25 2006): MCB Bank has earned a record pre-tax profit of Rs 8.7 billion for half year ended…
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CBR reduces duty drawback on major sectors
ISLAMABAD (August 20 2006): The Central Board of Revenue (CBR) has reduced duty drawback rates for textile, leather, surgical, engineering…
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CBR plans new form to furnish monthly withholding tax for agents
ISLAMABAD (July 28 2006): A new monthly statement has been chalked out for the withholding agents for collection or deduction…
