Finance
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USAS scheme: small percentage of returns to be selected for audit
ISLAMABAD (September 23 2004): The Central Board of Revenue (CBR) has decided to select a very small percentage of income…
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Banks no more to submit 'ED' statements
KARACHI (September 23 2004): The State Bank of Pakistan on Wednesday decided to discontinue submission of 'ED' statement by banks…
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CBR exempts mutual funds from WHT
KARACHI: The Karachi Stock Exchange (KSE), after receiving approval from the Central Board of Revenue (CBR), has stopped deducting with-holding…
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Plan launched for disposal of 11,316 pending audit cases
ISLAMABAD (September 10 2004): The Central Board of Revenue (CBR) has launched a plan for the disposal of 11,316 pending…
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Duty drawback on PSF-based textile items to be raised
ISLAMABAD (August 25 2004): The Central Board of Revenue (CBR) has decided to enhance duty drawback rates on the export…
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Services sector grossly under-taxed: CBR Chairman Yusuf
ISLAMABAD (August 24 2004): The Chairman Central Bureau of Revenue, Abdullah Yusuf has said that services sector was grossly under-taxed,…
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Shell profit rises 20 percent in fiscal year 2004
KARACHI (August 20 2004): The profit of Shell Pakistan Limited in the year ended June 30, 2004 rose 20 percent…
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Drawback on diesel generating sets reduced
ISLAMABAD (August 20 2004): The Central Board of Revenue (CBR) has reduced duty drawback on the export of diesel generating…
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CBR and vanaspati makers reach understanding on value addition for imported palm olien
ISLAMABAD (August 20 2004): The Central Board of Revenue (CBR) and Pakistan Vanaspati Manufacturers Association (PVMA) on Thursday agreed on…
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Minimum benchmark value of bill of entry reduced
ISLAMABAD (August 21 2004): The Central Board of Revenue (CBR) has substantially reduced the minimum benchmark value of bill of…
