Economic and Finance News
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Sales tax recovery drive against sugar mills launched
ISLAMABAD (May 09 2005): Central Board of Revenue (CBR) Chairman M Abdullah Yusuf has directed the sales tax department to…
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CBR to abolish outdated laws
ISLAMABAD (May 08 2005): To abolish old and redundant tax laws, the Central Board of Revenue (CBR) will withdraw the…
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Drive against defaulting textile suppliers launched
KARACHI (May 06 2005): The Sales Tax Collectorate has launched a drive against 7000 textile suppliers in Karachi, for not…
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Duty on import of construction industry tools slashed
ISLAMABAD (May 06 2005): The Central Board of Revenue (CBR) has slashed customs duty on the import of tools and…
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Zero sales tax to be charged on 12 textile raw materials
ISLAMABAD (May 06 2005): The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on…
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Income tax exemption for Micro Finance Banks demanded
KARACHI: First Micro Finance Bank (FMFB) has suggested waving off income tax on profit of Micro Finance Banks (MFBs) in…
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KSE annouces listing rules for companies
KARACHI (May 04 2005): The Karachi Stock Exchange (KSE) has announced a set of rules and regulations regarding listing of…
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CBR to launch recovery drive against service providers
ISLAMABAD (May 04 2005): The Central Board of Revenue (CBR) has decided to launch a recovery drive against service providers…
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Duty on kitchen items cut to zero: land route import from India allowed
ISLAMABAD (May 04 2005): The government has reduced customs duty and withholding tax for private sector on import of five…
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CDC ends group account facility
KARACHI (May 03 2005): In compliance with the directive from Securities and Exchange Commission of Pakistan (SECP), the Central Depository…
