Economic and Finance News
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Employers allowed tax adjustments in salaries
ISLAMABAD (August 10 2004): To facilitate salaried class, the Central Board of Revenue (CBR) has allowed employers to make adjustment…
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CBR outlines use of goods declaration copy
ISLAMABAD (August 10 2004): The Central Board of Revenue (CBR) has announced that goods declaration (GD) copy for importer/exporter could…
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Duty and sales tax on mobile phone parts abolished
ISLAMABAD (August 11 2004): In a major move to attract foreign investment in the mobile phone sector, the government has…
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PICIC Bank declares 15 percent dividend
KARACHI (August 12 2004): Picic Commercial Bank has posted a record pre-tax profit of Rs 556 million for the first…
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Union Bank first-half results announced
KARACHI (August 12 2004): Union Bank Limited has announced its results for the first half of 2004. The Board has…
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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…
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FTO orders compliance: CBR withdraws three sales tax instructions
ISLAMABAD (August 15 2004): The Central Board of Revenue (CBR) has withdrawn three sales tax instructions issued on registration and…
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PICIC Bank profits likely to show 75 percent growth
KARACHI (August 05 2004): Picic Commercial Bank, which is expected to announce its half-yearly results with over 75 percent increase…
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Foreign investors may have 100 percent equity in services sector
ISLAMABAD (August 05 2004): Further liberalising the investment policy, the government has decided to allow 100 percent equity for foreign…
