Finance
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FBR Waives Annual Sales Tax Audit Requirement for Steel Melters/ Re-rollers
ISLAMABAD (May 26, 2010) – The Federal Board of Revenue (FBR) has withdrawn the condition of compulsory sales tax audit…
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Documents not needed for Sales Tax refund through Electronic Refund Claim: FBR
ISLAMABAD (May 14, 2010) – The Federal Board of Revenue has abolished condition for submission of documents including invoices, credit…
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SBP exempts Microfinance Banks' time deposits from Cash Reserve Requirement
KARACHI (May 14, 2010) – State Bank of Pakistan (SBP) has decided to exempt time deposits of one-year tenor and…
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VAT Regime: Verification of Invoices Biggest Challenge for FBR
ISLAMABAD (April 20, 2010) – The verification of invoices and cross-matching of reported sales and purchases within the entire supply…
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Violation of Securities Laws: SECP Penalizes Stockbrokers, Stakeholders
ISLAMABAD (April 20 2010) – The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties on 22 members of…
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SECP to make e-listing of new companies mandatory
ISLAMABAD (Mar 31, 2010) – The Securities and Exchange Commission of Pakistan (SECP) has decided that all listed companies will…
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Tax Clearing House for implementation of E-payment/refund facility through banks
ISLAMABAD (March 09 2010): The Electronic Payment and Refund System (EPARS) facility of Federal Board of Revenue (FBR) would be…
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SECP may give powers to its Enforcement Department to monitor and examine companies' accounts
ISLAMABAD (February 16 2010): The Securities and Exchange Commission of Pakistan (SECP) is likely to give powers of adjudication to…
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SBP Announcement: CNIC not needed for sub-$5000 foreign exchange deals
KARACHI (February 11 2010): The State Bank of Pakistan (SBP) on Wednesday announced that sellers and buyers of foreign exchange…
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Banking Companies (Amendment) Bill 2009 passed: SBP given powers to take control of banks
ISLAMABAD (February 09 2010): The National Assembly has passed the Banking Companies (Amendment) Bill 2009 enabling the State Bank of…