Economic and Finance News
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Faysal Bank's H1 profits almost tripled
KARACHI (August 04 2003) : Faysal Bank Ltd witnessed a robust growth in the six months ended on June 30,…
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CBR to set up 'Customs and Tax Fraud Division'
ISLAMABAD (August 04 2003) : To combat international crimes, like institutionalised tax evasion and smuggling, the Central Board of Revenue…
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CIRC turns down fresh valuation request
LAHORE, Aug 1: The Corporate and Industrial Restructuring Corporation (CIRC) is said to have refused to carry out fresh valuation…
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Revenue Board members to be reduced to six or seven
ISLAMABAD (August 02 2003) : On the recommendations of Pakistani tax consultants Maxwell Stamps and International Monetary Fund (IMF), the…
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People enrolled prior to July 1, 2000 entitled to exemption from sales and additional taxes
ISLAMABAD (July 31 2003) : People registered/enrolled before July 1, 2000 would be entitled to exemption from the entire amount…
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SRO 372 amended: 30 pharma items get duty relief
ISLAMABAD (July 31 2003) : To attract investment in pharmaceutical industry, the Central Board of Revenue (CBR) has allowed concessionary…
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Customs collectors seek Revenue Board clarification in Duty and Tax Remission for Export rules
ISLAMABAD (July 30 2003) : The collectors of customs have raised ambiguities in the amended Duty and Tax Remission for…
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CBR to waive condition for sales tax refund claims: Garment-makers assured
KARACHI (July 30 2003) : The Central Board of Revenue (CBR) has agreed to withdraw the condition of submitting proof…
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Redrafted SRO 507 to exclude all 'trading items': taxpayers' grievances to be removed
ISLAMABAD (July 30 2003) : To give a major relief to the business community, the Central Board of Revenue (CBR)…
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KSE membership: Al Habib, Orix and M I Securities asked to match Pak-Kuwait Rs 34.75 million bid
KARACHI (July 29 2003) : The Karachi Stock Exchange (KSE) has asked the three of the four top contenders to…
