Economic and Finance News
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SBP to gradually adopt AAOIFI's Shariah standards
KARACHI (January 17 2010) – The State Bank of Pakistan (SBP) has decided to gradually adopt Shariah standards issued by…
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SECP allows KESC to issue 14.5 percent right shares
KARACHI (December 12 2009): The Securities and Exchange Commission of Pakistan (SECP) has allowed the Karachi Electric Supply Company (KESC)…
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SBP removes conditions on commercial banks for wheat financing
KARACHI (November 11, 2009) – The State Bank of Pakistan (SBP) has withdrawn the conditions placed on commercial banks for…
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Bosicor posts heavy loss of Rs10.33bn for 2009
KARACHI (November 11, 2009) – Loss after tax of Bosicor Pakistan refinery has jumped to Rs10.33 billion for the year…
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FBR considering changing RTO's jurisdiction for CVT collection to outside Karachi
KARACHI (November 10 2009): The Federal Board of Revenue (FBR) is planning to make suitable amendments in the jurisdiction of…
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FBR Lays Conditions for Sales Tax Zero-rating on Import of Polyethylene/polypropylene
ISLAMABAD (September 20 2009): The Federal Board of Revenue (FBR) has laid down certain conditions for sales tax zero-rating on…
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Signs of Global Economic Recovery Based on Fragile Evidence: ACCA Survey
KARACHI (September 17, 2009) – Claims that the worlds economy is recovering is based on fragile evidence, according to the…
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Highlights of the Federal Budget FY 2009-10
KARACHI (June 13 2009) Following are the salient highlights of the budgetary measures taken by federal government in income tax,…
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SECP Defers Raise in Minimum Capital Requirement for Leasing Companies
KARACHI (May 23 2009): The Securities and Exchange Commission of Pakistan (SECP) has deferred, for two years, the implementation of…
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FBR introducing new registration form for all taxpayers
ISLAMABAD (May 24 2009): The Federal Board of Revenue is introducing a new “Taxpayer Registration Form” for registration of income…
