Economic and Finance News
-
Banks to accept sales tax returns with old numbers
LAHORE (July 16 2005): The Central Board of Revenue (CBR), with the co-operation of State Bank of Pakistan (SBP), has…
-
Withholding tax on pulses import reduced
KARACHI (July 13 2005): The government has reduced withholding tax on import of pulses from 6 percent to 2 percent…
-
SECP penalises 168 companies for violation of rules
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) maintained strict vigilance on the corporate sector and penalized 168 companies…
-
Badla investment and rates decline: SECP suspends COT phase-out
KARACHI (July 11 2005): The Securities and Exchange Commission of Pakistan (SECP) has accepted the plea of stock exchanges to…
-
Zero sales tax on jute products
ISLAMABAD (July 11 2005): The Central Board of Revenue (CBR) has conveyed to Pakistan Jute Mills Association (PJMA), Karachi, that…
-
CBR task force to recover tax arrears
ISLAMABAD (July 11 2005): The Central Board of Revenue (CBR) has constituted 'Task Force' in each collectorate of customs for…
-
Over Rs 25,000 credit card, ATM cash withdrawals liable to withholding tax
ISLAMABAD (July 06 2005): The Central Board of Revenue (CBR) has announced that cash withdrawals exceeding Rs 25,000 made through…
-
CBR gives options under tax concessionary scheme
ISLAMABAD (July 06 2005): The Central Board of Revenue (CBR) has given option to the companies to avail the concessionary…
-
Presumptive tax facility withdrawn for manufacturers-cum-suppliers
ISLAMABAD (July 06 2005): The Central Board of Revenue (CBR) has withdrawn the facility for the manufacturers-cum-suppliers to operate under…
-
Procedure for withholding tax agents simplified
ISLAMABAD (July 05 2005): The Central Board of Revenue (CBR) has made it mandatory for all withholding tax agents to…
