News
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ITIS also to be launched in Karachi
ISLAMABAD (February 02 2004): Following the successful operation of Integrated Tax Information System (ITIS) at Lahore, the Central Board of…
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Firms with excessive sales tax refund claims to be audited
ISLAMABAD (February 29 2004): The Central Board of Revenue (CBR) has decided to conduct audit of registered people with low…
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Section 73 of Sales Tax Act in abeyance till June 30
KARACHI (February 29 2004): The provisions of Section 73 of Sales Tax Act 1990 will remain in abeyance till June…
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Banks and DFIs told to sign fidelity declarations
KARACHI (January 30 2004): State Bank has observed that most of the banks and development financial institutions were not following…
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SBP terminates FCEF facility
KARACHI (January 30 2004): The State Bank on Thursday terminated the facility of Foreign Currency Export Finance (FCEF) with immediate…
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One percent surcharge only on unutilised raw material
ISLAMABAD (January 30 2004): Extending a major tax concession on the export of goods under 'Temporary Importation Scheme' (SRO 410(I)/2001),…
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Rule bars banks and DFIs' investment in unsecured instruments
KARACHI (January 30 2004): The new set of Prudential Regulations for banks and development financial institutions (DFIs) designed by the…
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Prudential regulations for Modarabas revised
KARACHI (January 29 2004): The Securities and Exchange Commission of Pakistan (SEC) has revised Prudential Regulations for Modarabas aimed at…
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Deloitte fined 750,000 pounds
Britain's financial watchdog said on Wednesday it had fined a unit of Deloitte & Touche, the world's second-largest accountancy firm,…
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KPMG linked to Worldcom tax scam
A court examiner accused accounting firm KPMG of helping WorldCom avoid paying hundreds of millions of dollars in state taxes.…
