Economic and Finance News
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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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PTCL may announce Rs 30 billion profit
KARACHI: The board of directors of the Pakistan Telecommunication Company Ltd (PTCL) is expected to announce an after tax profit…
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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…
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USAS scheme: small percentage of returns to be selected for audit
ISLAMABAD (September 23 2004): The Central Board of Revenue (CBR) has decided to select a very small percentage of income…
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Banks no more to submit 'ED' statements
KARACHI (September 23 2004): The State Bank of Pakistan on Wednesday decided to discontinue submission of 'ED' statement by banks…
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CBR exempts mutual funds from WHT
KARACHI: The Karachi Stock Exchange (KSE), after receiving approval from the Central Board of Revenue (CBR), has stopped deducting with-holding…
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SBP directive on export refinancing
KARACHI: The State Bank of Pakistan (SBP) on Wednesday ordered banks to make sure that ‘no duplicate export refinancing is…
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Shell earns Rs 1.5bn, declares Rs 35 dividend
KARACHI: Shell Pakistan Limited (SPL) has completed the 3-D seismic survey of its off-shore block and plans to invest $25…
