Economic and Finance News
-
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…
-
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…
-
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…
-
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…
-
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,…
-
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…
-
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…
-
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…
-
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…
-
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…
