Economic and Finance News
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Amnesty schemes not to affect right of appeal: Revenue Board
ISLAMABAD (May 22 2004): The Central Board of Revenue (CBR) has conveyed to the chartered accountant firms that amnesty schemes…
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Revenue Board rejects move to levy CED on service providers
ISLAMABAD (May 22 2004): The Central Board of Revenue (CBR) has turned down a budget proposal prepared by sales tax…
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Contractors can be taxed individually, not jointly: Peshawar High Court
PESHAWAR (May 22 2004): A division bench of Peshawar High Court (PHC) has dismissed two appeals filed by Income Tax…
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Guidelines issued to banks and DFIs on CRM
KARACHI (May 19 2004): The State Bank has issued guidelines on 'Country Risk Management' in the wake of rapidly changing…
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Financing scheme for export-oriented projects launched
KARACHI (May 19 2004): The State Bank on Tuesday launched a new scheme for 'Long-Term Financing of Export Oriented Projects'…
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Three percent further tax may go in next budget: supplies to unregistered persons
ISLAMABAD (May 17 2004): The Central Board of Revenue (CBR) is seriously considering abolition of 3 percent 'further tax' on…
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PIA's switching over to different accounting system causes unrest in travel trade
KARACHI (May 20 2004): The switch over by Pakistan International Airlines (PIA) to Quasar Accounting System (QAS) from May 1…
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Reduced and uniform rate of GST proposed
ISLAMABAD (May 20 2004): Ministry of Industries and Production has proposed reduction and uniform rate of general sales tax (GST)…
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CBR orders recovery of duties from oil exploration companies
ISLAMABAD (May 10 2004): The Central Board of Revenue (CBR) has ordered recovery of duties and taxes on the disputed…
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Audit parameters irk taxpayers
KARACHI: The Central Board of Revenue (CBR) while setting parameters for carrying out audit Under Section 177 of the Income…
