Economic and Finance News
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Importers given immunity from audit, sales tax on value-addition
ISLAMABAD (August 05 2004): Fulfilling a major demand of importers, the Central Board of Revenue (CBR) has given immunity from…
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SBP issues clarification on surplus/deficit revaluation
KARACHI (August 05 2004): The State Bank on Wednesday has issued clarification about revaluation of assets and their classification. Some…
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Bank Al Habib issued licence for Islamic banking
KARACHI (August 05 2004): The State Bank on Wednesday issued a licence to Bank Al Habib Limited for its first…
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Rebate on surgical and leather goods cut
ISLAMABAD (July 30 2004): The Central Board of Revenue (CBR) has reduced duty drawback rates on the export of surgical/veterinary…
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CBR and car dealers talks collapse
ISLAMABAD (July 30 2004): The talks between the tax authorities and All Pakistan Motor Dealers Association (APMDA) on the issue…
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Taxpayers paying 20 per cent more tax exempted from audit
KARACHI: Central Board of Revenue (CBR) has allowed non-corporate income tax payers of the country to revise their income tax…
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SECP presents report on financial services
KARACHI: Chairman, Securities and Exchange Commission of Pakistan (SECP), Dr Tariq Hassan has presented a report to the Standing Committee-3…
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SBP lures banks towards SME financing
KARACHI: State Bank of Pakistan (SBP), while clarifying its prudential regulations regarding Small and Medium Enterprises (SMEs) of the country…
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Sales tax collectors can condone time limit
ISLAMABAD (July 28 2004): Taking a relief measure to facilitate the business community, the Central Board of Revenue (CBR) has…
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SECP notifies accounting standards, Companies Ordinance 4th Schedule revised
KARACHI (July 28 2004): The Securities and Exchange Commission of Pakistan (SECP) has notified revised Fourth Schedule to Companies Ordinance,…
