Economic and Finance News
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Procedure for claiming rebate on PTA revised
ISLAMABAD (August 27 2005): The Central Board of Revenue (CBR) has empowered the Appraisement Collectorate, Karachi to deal with all…
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$10,000 advance payment allowed against imports
KARACHI (August 14 2005): The State Bank of Pakistan has allowed the authorised dealers to remit advance payments, up to…
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SBP issues show-cause notices to 9 B-cat companies on forex rules violation
KARACHI (August 14 2005): The State Bank of Pakistan (SBP) has issued a show-cause notices to nine B-categories companies for…
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SBP allows mutual funds to invest 30 percent abroad
KARACHI (August 14 2005): The State Bank of Pakistan (SBP) has allowed mutual funds to invest in overseas markets to…
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Simplified sales tax refund rules issued
ISLAMABAD (August 14 2005): The Central Board of Revenue (CBR) has issued a new simplified procedure for payment of sales…
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Wholesale cut in duty drawback rates: 96 SROs rescinded
ISLAMABAD (August 09 2005): Rescinding all 96 individual duty drawback SROs, the Central Board of Revenue (CBR) has reduced duty…
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CBR removes budget anomalies, revises duty rates
ISLAMABAD (August 09 2005): While rectifying the 2005-06 budget anomalies, the Central Board of Revenue (CBR) has reduced customs duty…
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SECP serves notices to brokers involved in wash sales
ISLAMABAD (August 05 2005): On the recommendation of the Task Force probing stock market crash, the Securities and Exchange Commission…
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No retrospective recovery of presumptive tax under study: CBR
ISLAMABAD (August 05 2005): The Central Board of Revenue (CBR) is considering not to retrospectively recover amount from the manufacturers-cum-suppliers,…
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CBR barred from auditing PIA income tax return
ISLAMABAD (August 02 2005): Federal Tax Ombudsman (FTO) former Justice Munir A. Sheikh has stopped audit of PIA's income tax…
