Economic and Finance News
-
Auditor General of Pakistan adopts SAP R-3
KARACHI: Auditor General of Pakistan (AGP) will report financial data through a new electronic information system – SAP R-3 –…
-
SBP reduces family holdings in banks
KARACHI: Family holdings in the board of directors of commercial banks and Non-Banking Financial Companies (NBFCs) have been restricted to…
-
CBR suspends senior auditor
ISLAMABAD: The Central Board of Revenue (CBR) has suspended Zulfiqar Ali, senior auditor, collectorate of sales tax, Faisalabad, with immediate…
-
Revenue Board issues new sales tax return form
ISLAMABAD (December 07 2003): To facilitate the business community, the Central Board of Revenue (CBR) has issued new 'monthly sales…
-
Procedure for working out minimum sales tax liability of non-filers
ISLAMABAD (December 07 2003): The government has issued new procedure meant for determination of minimum tax liability of registered persons…
-
Revenue Board and IMF discuss steps to improve tax collection
ISLAMABAD (December 06 2003): The tax managers and the International Monetary Fund (IMF) mission on Friday held introductory meeting to…
-
CBR develops ITTT in two zones to broaden tax net
LAHORE (December 05 2003): Central Board of Revenue (CBR) has created two full-fledged zones, one each in Lahore and Karachi…
-
Goods from Fata and Pata liable to sales tax
ISLAMABAD (December 04 2003): The distributors, commission agents, wholesalers and dealers are liable to pay sales tax on supply of…
-
Revenue Board to encourage voluntary compliance by taxpayers
ISLAMABAD (December 01 2003): The Central Board of Revenue (CBR) is focusing on a methodology to encourage voluntary compliance by…
-
Nishat Mills profit more than doubles
KARACHI (December 01 2003): Nishat Mills Ltd, Pakistan's largest textile factory, has said its full year profit has more than…
