Economic and Finance News
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TeleCard to offer Rs 2bn rights issue
KARACHI: TeleCard said on Monday its board of directors had approved a 200 per cent Rights Offer to be issued…
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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…
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Sales tax payment system for oil marketing companies simplified
ISLAMABAD (September 12 2004): The Central Board of Revenue (CBR) has announced new, simplified procedure for payment of sales tax…
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ITCs to issue exemption certificates to listed Modarabas
KARACHI (September 12 2004): CBR Member, Direct Taxes, Salman Nabi, on Saturday said here that instructions are being given to…
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21 points in new tax return form clarified
ISLAMABAD (September 13 2004): To remove confusion in filing income tax returns for tax year 2004 by taxpayers, the Central…
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Tax procedure for non-resident companies clarified
ISLAMABAD (September 20 2004): The Central Board of Revenue (CBR) has clarified tax deduction procedure for the non-resident companies/persons under…
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Indus Motors declares 50 percent cash dividend; profit up 17 percent
KARACHI (September 20 2004): Indus Motor Company Limited recorded 17.14 percent growth in profit for the year ended June 30,…
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DG Khan Cement posts 71.6 percent profit in FY 2004
KARACHI (September 20 2004): The DG Khan Cement, one of the leading cement manufacturers of the country, said its profit…
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Country's largest mutual fund: IFC to invest $5 million in Abamco
KARACHI (September 22 2004): Abamco Composite Fund became the largest mutual fund in the private sector amounting to Rs 3.3…
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No excise duty on flight info CCTV
ISLAMABAD (September 21 2004): The Central Board of Revenue (CBR) has announced that central excise duty (CED) would not be…
