Economic and Finance News
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No proposal to remove advance income tax on power bills
ISLAMABAD (December 11 2002) : The government is not considering any proposal to withdraw advance income tax charged on electricity…
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KSE stocks touch 8 1/2-year high
KARACHI (December 10 2002) : The Karachi Stock Exchange on the first day after Eid holidays was in a jubilant…
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Federal Tax Ombudsman rectifies sick unit owner's tax assessment
ISLAMABAD (December 10 2002) : Thanks to the intervention of Federal Tax Ombudsman, the owner of a sick plastic manufacturing…
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Foreign exchange reserves reach $9.01 billion
KARACHI (December 10 2002) : Country's foreign exchange reserves have reached $9.01 billion, said a release of the State Bank…
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$10.4 billion export target achievable: commerce minister
ISLAMABAD (December 10 2002) : Commerce Minister Humayun Akhtar on Monday spoke of the promising indications that the country would…
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$1 billion US waiver to span 38 years
ISLAMABAD (December 10 2002) : The impact of the promised $1 billion loan waiver by US will span over 38…
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SBP updates bank branch licensing policy
KARACHI (December 05 2002) : The State Bank of Pakistan on Wednesday issued updated Branch License Policy and further liberalised…
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Report: Multinational companies encourage under-invoicing
KARACHI (December 05 2002) : The role of multinationals and foreign based companies with regard to the under-invoicing practised and…
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Drawback allowed on electric bells, raised on lycra fabrics
ISLAMABAD (December 05 2002) : While permitting duty drawback on the export of electric/mechanical doorbells, telephone ringers and voice enhancing…
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Duty on polyester filament yarn slashed
ISLAMABAD (December 05 2002) : Fulfilling the demand of local industry, the Central Board of Revenue (CBR) has slashed custom…
