News
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Eurobond issue heavily oversubscribed
ISLAMABAD (February 12 2004): A long list of diversified investors was offering $ 1.8 billion for $ 500 million Pakistan…
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Sales tax concession: Revenue Board rectifies communication glitch
ISLAMABAD (February 12 2004): To discourage deliberate delay in payment of sales tax, the Central Board of Revenue (CBR) has…
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Ernst & Young completes 80 years in Middle East
Ernst & Young, the Middle East's largest assurance and business advisory firm, has completed their 80th year of operations in…
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Big Four Lose Clients As Smaller Firms Gain
In 2003 each of the accounting profession's biggest firms lost more public company audit clients than it acquired, while smaller…
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Corporate Banking Regulations amended
KARACHI (February 11 2004): The State Bank on Tuesday made amendments in the Prudential Regulations for Corporate and Commercial Banking.…
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CITs to monitor tax men authorised to access ITIT
ISLAMABAD (February 10 2004): The Commissioners of Income Tax (CITs) will strictly monitor the tax officials authorised to access the…
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Revenue Board directive for sales tax de-registration and transfer of units
ISLAMABAD (February 10 2004): To assist the registered persons in de-registration/transfer of registration, the Central Board of Revenue (CBR) has…
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More and more companies part ways with their auditors
There's no love lost between a growing number of companies and their auditors. More than 1,460 companies in USA either…
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Revenue Board to assess withholding tax on imported goods
ISLAMABAD (January 30 2004): The Central Board of Revenue (CBR) would assess withholding tax on the imported goods on the…
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IPPs can file sales tax returns up to 25th of every month
ISLAMABAD (January 30 2004): Fulfilling a major demand of independent power producers (IPPs), the government has extended date of filing…