Economic and Finance News
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SBP defeats banks' bid to raise TB rates
KARACHI (October 02 2003): The State Bank of Pakistan on Wednesday foiled the attempt by banks to raise the yield…
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Income Tax returns date extended to October 11
ISLAMABAD (October 02 2003): As increasing number of taxpayers are willing to file returns under Universal Self Assessment Scheme (USAS),…
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Procedure to check bogus refund claims modified
ISLAMABAD (October 04 2003): To effectively check the bogus sales tax refund/duty drawback claims by the exporters, the Central Board…
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Bonded carriers: Revenue Board revises transportation procedure
ISLAMABAD (September 30 2003): The Central Board of Revenue (CBR) has made revolving bank guarantee/Defence Saving Certificates mandatory for the…
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Income tax exemption: religious bodies' rating by private agency from July
ISLAMABAD (October 01 2003): The Central Board of Revenue (CBR) has decided to start certification/rating of non-profit/religious organisations through independent…
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Tax returns to be accepted after due date with penalty
ISLAMABAD (October 01 2003): The income tax returns filed after the deadline of September 30 would be accepted after payment…
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Over 1000 units blacklisted for Sales Tax law violation
ISLAMABAD (September 27 2003): The Central Board of Revenue (CBR) has blacklisted over 1000 suspected units allegedly involved in the…
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Attock Cement earns Rs 132 million profit
KARACHI (September 27 2003): Attock Cement Pakistan Ltd profit in the year ended June 30, 2003, rose by 38 percent…
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Refund requests with income tax returns to be processed separately
ISLAMABAD (September 29 2003): To ensure proper entry of taxpayers' data gathered through income tax returns under Universal Self-Assessment Scheme…
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SBP approves NDLC-IFIC Bank amalgamation
KARACHI (September 26 2003): The State Bank (SBP) has approved the amalgamation of National Development Leasing Corp (NDLC) and International…
