Economic and Finance News
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Sales tax amnesty scheme jurisdiction extended
ISLAMABAD (August 28 2003) : Extending the jurisdiction of sales tax amnesty scheme SRO 500(I)/2003 to services providers in all…
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Pakistan International Airlines profit up 36 percent in six months
KARACHI (August 28 2003) : The Pakistan International Airlines Corporation (PIAC) said the profit of the state-run national carrier rose…
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CITs can tax hidden assets of five past years, not beyond
ISLAMABAD (August 28 2003) : Endorsing a major decision of Finance Minster Shaukat Aziz, the Central Board of Revenue (CBR)…
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National Intelligence Division proposed to identify massive tax evasion cases
ISLAMABAD (August 27 2003) : Tax consultant Maxwell Stamps has proposed to the Central Board of Revenue (CBR) to establish…
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Utility consumers paying withholding tax to get NTN
KARACHI (August 27 2003) : The Regional Commissioner, Income Tax (RCIT), has decided to issue the National Tax Number (NTM)…
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New import rules force India to divert palm oil cargoes to Pakistan
KUALA LUMPUR (August 27 2003) : Some Indian importers have diverted palm oil cargoes to neighbouring Pakistan to avoid confusion…
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Pakistan International Container Terminal offers 16 million shares to general public
KARACHI (August 27 2003) : Pakistan International Container Terminal (PICT) goes for public subscription on August 28-29, 2003, and offers…
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Sales tax audit of hotels, power companies and paper units starts
ISLAMABAD (August 26 2003) : On the recommendations of Directorate-General of Intelligence and Investigation, the Central Board of Revenue (CBR)…
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Generic Job Descriptions of Revenue Board employees launched
ISLAMABAD (August 26 2003) : Over 250 tax officials gathered in Islamabad here on Monday on the launching of Generic…
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Nine listed companies directors penalised
KARACHI (August 26 2003) : The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties on Directors of nine…
