Economic and Finance News
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Basel II implementation: criteria for ECAIs' recognition outlined
KARACHI (July 05 2005): The State Bank of Pakistan on Monday outlined the eligibility criteria for recognition of 'External Credit…
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Six percent withholding tax on three items restored
ISLAMABAD (July 04 2005): The Central Board of Revenue (CBR) has decided to restore 6 percent withholding tax on import…
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SBP asks exchange companies to adhere to rules and regulations
KARACHI (June 17 2005): The State Bank of Pakistan (SBP) has directed all the exchange companies to strictly adhere to…
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CBR proposes amendment in Income Tax Rules
ISLAMABAD (June 17 2005): For becoming member of the Alternate Dispute Resolution (ADR) Committee, the Central Board of Revenue (CBR)…
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Sales tax defaulters offered amnesty
KARACHI (June 17 2005): About 400 sales tax registered persons in Karachi will be benefited from the amnesty scheme announced…
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CITs empowered to select cases for audit
KARACHI (June 15 2005): Commissioners of Income Tax (CITs) have been empowered to select a person for carrying out audit…
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Forex dealers allowed to sell dollars to SBP – Banking Services Corporation
KARACHI (June 15 2005): The State Bank of Pakistan has allowed authorised dealers (ADs) to sell their surplus cash US…
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Withholding tax on pay phones, duty on scrap dropped
ISLAMABAD (June 15 2005): The government on Tuesday withdrew 10 percent withholding tax on pay phones and 5 percent duty…
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New sales tax Sixth Schedule issued
ISLAMABAD (June 15 2005): The Central Board of Revenue (CBR) has issued an entirely new ''Sixth Schedule'' of Sales Tax…
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Sales tax zero-rating anomalies to be removed
ISLAMABAD (June 14 2005): The Central Board of Revenue (CBR) will shortly issue a new notification on the zero-rating of…
