Economic and Finance News
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Shell profit rises 20 percent in fiscal year 2004
KARACHI (August 20 2004): The profit of Shell Pakistan Limited in the year ended June 30, 2004 rose 20 percent…
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Drawback on diesel generating sets reduced
ISLAMABAD (August 20 2004): The Central Board of Revenue (CBR) has reduced duty drawback on the export of diesel generating…
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CBR and vanaspati makers reach understanding on value addition for imported palm olien
ISLAMABAD (August 20 2004): The Central Board of Revenue (CBR) and Pakistan Vanaspati Manufacturers Association (PVMA) on Thursday agreed on…
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Minimum benchmark value of bill of entry reduced
ISLAMABAD (August 21 2004): The Central Board of Revenue (CBR) has substantially reduced the minimum benchmark value of bill of…
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Drawback on footwear reduced
ISLAMABAD (August 18 2004): The Central Board of Revenue (CBR) has reduced duty drawback on export of leather and synthetic…
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No 'special tax year' for cotton-textile sector
ISLAMABAD (August 17 2004): On persistent demand of cotton ginners and cotton textile companies, the Central Board of Revenue (CBR)…
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CBR to issue amended rules for CARE implementation
ISLAMABAD (August 15 2004): The Central Board of Revenue (CBR) has decided to issue amended rules and notifications for the…
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Foreign investors approach CBR for advance ruling
ISLAMABAD (August 17 2004): Six foreign investors have approached Central Board of Revenue (CBR) for obtaining 'advance ruling' on income…
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CBR to establish 'research department'
ISLAMABAD (August 15 2004): The Central Board of Revenue (CBR) has decided to set up an independent research department to…
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Sales tax on value addition not adjustable
KARACHI (August 15 2004): The Central Board of Revenue (CBR) has announced that the sales tax paid on value addition…
