Economic and Finance News
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Procedure to deal with complaints against income tax cases audit
ISLAMABAD (December 01 2002) : The Central Board of Revenue (CBR) has announced income tax procedure for the taxpayers whose…
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Duty drawback allowed to exporters of diesel generating sets
ISLAMABAD (December 01 2002) : To boost the exports of engineering goods, the government has allowed duty drawback facility to…
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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,…
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SRO for GST, duty relief on CNG kits signed: notification on November 30
ISLAMABAD (November 30 2002) : The anxiety of CNG industry is over as the custom authorities late on Friday night…
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US Container Security Initiative to hit Pakistan's shipping lines, exports
KARACHI (December 03 2002) : The tough security measures, governing the shipments to the US, made under the US Container…
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SBP slashes export finance rate by 1 percent
KARACHI (November 30 2002) : The State Bank of Pakistan on Friday announced cut in the rate of export refinancing…
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Quarter-1 revenue posts Rs 40.9 billion deficit
ISLAMABAD (December 01 2002) : Total revenue during the first quarter remained at Rs 153.527 billion (3.8 percent of GDP)…
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Petroleum prices further cut by Rs 2 per litre; Pakistan State Oil, Shell cut HSD prices
KARACHI (December 01 2002) : Oil Companies Advisory Committee (OCAC), for the second consecutive fortnight, reduced the oil product prices…