Economic and Finance News
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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…
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Body to examine need for SRO 410 extension
ISLAMABAD (May 05 2004): The government has constituted a committee to study the need for extension of SRO 410 (I)/2001…
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Avoidance of Double Taxation: Pakistan and Saudi Arabia sign draft agreement
ISLAMABAD (April 30 2004): Pakistan and Saudi Arabia signed a draft agreement for the Avoidance of Double Taxation here on…
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MCB declares 10 percent interim dividend
LAHORE (April 29 2004): The Board of Directors of Muslim Commercial Bank (MCB) at a meeting here on Wednesday recommended…
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NBP first quarter net profit up by 73 percent
KARACHI (May 01 2004): National Bank of Pakistan (NBP) announced sparkling results for the first quarter of 2004, beating market…
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Two relief schemes floated for unregistered taxpayers
ISLAMABAD (May 06 2004): Giving major sales tax relief to unregistered retailers/taxpayers involved in litigation, the Central Board of Revenue…
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PTCL's after-tax profit rises by Rs 4.07 billion
KARACHI (April 30 2004): The profit after tax of Pakistan Telecommunication Company Ltd (PTCL) registered an increase of Rs 4.07…
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SECP imposes fine on 4 cos directors, CEOs
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties aggregating to Rs 205,000 on the chief executives/directors…
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Monopoly trade practices law being revamped
KARACHI (April 28 2004): The Monopoly Control Authority (MCA) has begun the process of reviewing the Monopolies and Restrictive Trade…
