Economic and Finance News
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Procedure being devised to check foreign currency smuggling
ISLAMABAD (October 16 2004): The Central Board of Revenue (CBR) and the State Bank of Pakistan (SBP) are jointly devising…
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Categories of stevedores services for levy of sales tax clarified
ISLAMABAD (October 16 2004): The Central Board of Revenue (CBR) has clarified the categories of services provided by stevedores for…
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Drawback rates on PSF-based products raised
ISLAMABAD (October 05 2004): To make the textile products more competitive in the international market, the Central Board of Revenue…
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SBP plans new Islamic product
KARACHI: The State Bank of Pakistan (SBP) is introducing a new Sharia-compliant money market product, to be called Ijara Sukuk,…
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Dewan Motors profit up by 60 percent
KARACHI (October 05 2004): The profit of the Dewan Farooq Motors Limited recorded a burgeoning growth of 60 percent to…
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One vehicle to be booked on one NTN
KARACHI (October 05 2004): Jahangir Khan Tareen, Federal Minister for Industries and Production, has said that the government has decided…
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SBP notifies banking and branch licence renewal fees
KARACHI (October 06 2004): The State Bank has decided to charge renewal fee for banking licence and renewal fee for…
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No housing finance for buying plot only, 50 percent loan be attached with construction, banks told
KARACHI (October 06 2004): The State Bank on Tuesday asked banks and development finance institutions (DFIs) to not allow housing…
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SECP fines Dewan Mushtaq Group Rs 1m
KARACHI: Dewan Mushtaq Group has been fined Rs1 million by the Securities and Exchange Commission of Pakistan (SECP) for violating…
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SBP to monitor financial frauds
KARACHI: State Bank of Pakistan (SBP) is going to initiate the monitoring and recording of financial and banking frauds committed…
