Economic and Finance News
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Auditors asked to conduct income tax audit only for a year
KARACHI (May 24 2009): Federal Board of Revenue (FBR) has directed its auditors to conduct income tax audit only for…
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SECP issues new rules for Mutual Funds to ensure best practices
ISLAMABAD, March 27 2009: The Securities and Exchange Commission of Pakistan (SECP) on Thursday issued a circular for bringing the…
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NBP announces 65% final cash dividend, 20% bonus shares for year ended December 31, 2008
KARACHI (March 19 2009): The Board of Directors of National Bank of Pakistan (NBP) has announced 65 percent final cash…
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Insurance Rules 2002 amendment proposals: only licensed surveyors allowed to conduct business
ISLAMABAD (March 19 2009): Only licensed insurance surveyors under Insurance Ordinance 2000 would be allowed to conduct insurance survey of…
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FBR bars commercial importers goods from clearance
ISLAMABAD (March 16 2009): The Federal Board of Revenue (FBR) has barred commercial importers of miscellaneous goods from clearance of…
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FBR to implement new strategy for speedy sales tax refunds
ISLAMABAD (March 17 2009): The Federal Board of Revenue (FBR) has implemented a new strategy for immediate clearance of outstanding…
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RTO Islamabad asks banks to provide e-filed data of WHT deductions
ISLAMABAD (March 13 2009): Regional Tax office (RTO) Islamabad has directed certain commercial banks within the jurisdiction of federal capital…
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Kamran Shahzad Appointed Deputy Governor of SBP
KARACHI (March 13 2009): The federal government has appointed Muhammad Kamran Shehzad as Deputy Governor, State Bank of Pakistan with…
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SBP announces new policy for banks overseas branch operations
KARACHI (March 07 2009): For commencement of overseas branch operations by banks, the State Bank of Pakistan (SBP) has set…
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Insurance Companies to Recognise Impairment as of 31/12/08 for Dividend Distribution
KARACHI (February 20 2009): Insurance companies have been asked to recognise the impairment in valuation of investment as of December…
