Economic and Finance News
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Islamic insurance companies allowed investment in properties
KARACHI: Takaful (Islamic) insurance companies, to be established under the proposed Takaful Insurance Rules-2005, will be permitted to invest in…
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Habib Bank links KIBOR with SBP rate
KARACHI: The Habib Bank Ltd (HBL) has become the first commercial bank which has linked its Karachi Inter-Bank Offered Rate…
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KSE softens rules for futures market
KARACHI (April 07 2005): The Karachi Stock Exchange (KSE) while softening rules related to futures market has said, “No netting,…
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Centralized sales tax registration hits business activities
KARACHI (April 07 2005): Business activities in the cosmopolitan city have been seriously marred due to the delay in Centralised…
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No blocking of sales tax refund to meet revenue target
ISLAMABAD (April 06 2005): Central Board of Revenue Chairman Abdullah Yousuf has said that the tax machinery should not block…
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Seized vehicles to be auctioned with CBR Council's consent
ISLAMABAD (April 06 2005): CBR 'Board-in-Council' has decided to share the powers of customs department for disposal of confiscated vehicles.…
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Service tax on stock brokers on the cards
ISLAMABAD (April 05 2005): The Central Board of Revenue (CBR) has agreed in principle to levy, in budget 2005-06, central…
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Jamshoro Power Company: financial adviser accused of delaying sell-off
ISLAMABAD (April 04 2005): The Privatisation Commission (PC) has accused the Financial Adviser, Abacus Consulting, Lahore, local contractor of Pricewaterhouse…
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Non-duty paid cars regularisation: CBR to move proposal to ECC
ISLAMABAD (April 04 2005): Central Board of Revenue (CBR) Chairman Abdullah Yusuf has said that the Board will submit the…
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Pak Suzuki earnings decline in 2004
KARACHI (April 04 2005): Pak Suzuki earnings declined in CY04 mainly on account of adverse yen movement, higher steel prices…
