Economic and Finance News
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Central Board of Revenue processes hundreds of sales tax returns erroneously
ISLAMABAD (December 03 2002) : The Central Board of Revenue (CBR) has processed hundreds of sales tax returns erroneously causing…
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Bank holidays notified
KARACHI (December 03 2002) : The State Bank of Pakistan, Karachi office, SBP BSC (Bank) inclusive of public debt office…
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Toyota applies for U.S. banking license
Toyota Motor Corp. is applying to the state of Nevada for a banking license, which it expects to receive this…
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Pakistan Telecommunication Company fails to levy sales tax, excise duty on certain services for five
ISLAMABAD (December 02 2002) : The Pakistan Telecommunication Company Ltd (PTCL) failed to levy Central Excise Duty and Sales Tax…
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Rs 700 million sales tax refund claims paid to exporters
KARACHI (December 02 2002) : The Collectorate of sales tax, West, has expedited payment of sales tax refund to the…
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Pakistan's Askari Commercial Bank allowed to operate in Bahrain
MANAMA (December 02 2002) : Bahrain's central bank said on Sunday it had granted licences to two Turkish and Pakistani…
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Badla rate shrinks
KARACHI (December 02 2002) : The cut in discount rate and some liquidity flow at the Karachi Stock Exchange (KSE)…
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'Over Rs 1,500 million stuck-up sales tax refund hits textile exports'
FAISALABAD (December 01 2002) : More than Rs 1,500 million sales tax refund of the textile exporters are stuck up…
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Oil refineries listed on Karachi Stock Exchange earn huge profits in first quarter
KARACHI (December 02 2002) : The oil refineries listed on the Karachi Stock Exchange (KSE) in the first quarter ended…
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New procedure to determine monthly export shipment for sales tax refund
ISLAMABAD (November 30 2002) : For calculating the monthly export shipment of industrial units to process sales tax refund cases,…
