Economic and Finance News
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CBR allows duty-free import of 'PU leather'
ISLAMABAD (November 20 2005): The Central Board of Revenue (CBR) has restored duties- and taxes-free import of 'PU leather' (PCT…
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Freight subsidy scheme to be revised from January
ISLAMABAD (November 19 2005): The government has revamped the scheme for freight subsidy, being launched from January next year, by…
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SECP to evolve code of conduct for corporate sector service providers
KARACHI (November 17 2005): The Securities and Exchange Commission of Pakistan (SECP) will develop codes of conduct for service providers…
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Retrospective tax recovery condition withdrawn
ISLAMABAD (November 15 2005): Fulfilling a major demand of foreign investors and corporate companies, the Central Board of Revenue (CBR)…
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Reduced rate of income tax to be deducted
ISLAMABAD (November 16 2005): The Central Board of Revenue (CBR) has announced that exporters would deduct the reduced rate of…
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Customs Intelligence Directorate seeks more powers
ISLAMABAD (November 13 2005): Directorate General of Intelligence and Investigation, Customs and Excise, has sought more autonomy and powers from…
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Sales tax exemption period extended
ISLAMABAD (November 13 2005): The Central Board of Revenue (CBR) has given three months' extension to avail sales tax exemption…
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CITs told to expedite refund claims
ISLAMABAD (November 11 2005): A Commissioner of Income Tax (CIT) has faced strict departmental action for creating hurdles in the…
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RCITs directed to ascertain withholding tax impact on cash withdrawals
ISLAMABAD (November 11 2005): The Central Board of Revenue (CBR) has directed all the Regional Commissioners of Income Tax (RCITs)…
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SBP wants CBR to follow Indian example: Sales tax on services sector
ISLAMABAD (November 10 2005): In India, sales tax from services has grown geometrically with 35 times increase since 1995, while…
