Economic and Finance News
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DTRE scheme: Starr data to be used for allowing tax-free import
ISLAMABAD (March 27 2004): The Central Board of Revenue (CBR) has decided to use exporters' information in the Sales Tax…
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SBP revises NPLs reporting methodology
KARACHI (March 18 2004): The State Bank of Pakistan has revised the methodology for stating non-performing loans which makes it…
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UBL shows 63 percent growth in 2003
KARACHI (March 18 2004): The United Bank on Wednesday presented its first complete year financial statements after privatisation with a…
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CBR curtails auditors' visits to units under adjudication
ISLAMABAD (March 16 2004): The Central Board of Revenue (CBR) has asked the regional collectorates to restrict auditors' influence and…
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No refund against old power bills
ISLAMABAD (March 20 2004): The registered consumers of electricity are not entitled to claim 'input tax adjustment'/refund against the old…
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Sales tax refund section to stay open on holidays
KARACHI (March 21 2004): The refund section of the Collectorate of Sales Tax (Enforcement) will remain open on Sundays and…
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Tax Ombudsman asks Revenue Board to clarify sales tax issue
ISLAMABAD (March 10 2004): The Federal Tax Ombudsman former justice Saleem Akhtar has urged the Central Board of Revenue (CBR)…
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Audio and video cassettes: sales tax audit to be conducted in 22 units
ISLAMABAD (March 15 2004): The Central Board of Revenue (CBR) has decided to conduct sales tax audit of 22 units…
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State Bank issues new instructions for fresh loans
KARACHI (March 10 2004): The State Bank of Pakistan (SBP) has asked the banks and development financial institutions (DFIs) to…
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ABL handing over may be delayed for third time
LAHORE: Arrangements for handing over the strategic shares in Allied Bank Limited (ABL) along with management control are in process…
