Economic and Finance News
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Banks’ entry into NBFI sector not feasible: SECP
KARACHI: Chairman Securities and Exchange Commission of Pakistan (SECP) Dr Tariq Hassan has said that banks’ foray into non-banking activities…
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Export refinance scheme limit extended
KARACHI (June 25 2004): The State Bank of Pakistan (SBP) on Friday has allowed banks to continue to avail refinance…
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SBP to issue monetary policy on July 20
KARACHI (June 25 2004): State Bank will issue a statement next month to outline its monetary policy for the first…
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New reinsurance company being set up to focus on ECO and CARs
KARACHI (June 28 2004): A new company under the supervision of Pakistan Reinsurance Company (PRC) is being set up with…
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Bourses to deposit CVT and WT amount by 25th of every month
ISLAMABAD (June 29 2004): The Central Board of Revenue (CBR) has accepted a major demand of stock exchanges to deposit…
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SBP issues first 'B' forex company licence
KARACHI (June 23 2004): The State Bank of Pakistan on Tuesday issued the first 'B' category Exchange Company Licence to…
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Sales tax registration drive to start next month
ISLAMABAD (June 23 2004): To expand the tax base for meeting revenue target of 2004-05, the Central Board of Revenue…
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CVT rate cut to 0.01 percent
ISLAMABAD (June 23 2004): The government has decided to cut CVT from 0.1 percent to 0.01 percent, in addition to…
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CBR proposes amendment in Sales Tax Act, 1990
ISLAMABAD (June 11 2004): The Central Board of Revenue (CBR) has proposed amendment in the Sales Tax Act, 1990 to…
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Brokers agree to increase withholding tax to 10 percent
KARACHI (June 16 2004): The stock brokers have agreed to taxing brokerage income, carryover transactions and the difference in the…
