News
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Sales Tax Refund Rules 2004: Revenue Board seeks business community views
ISLAMABAD (January 31 2004): The CBR will circulate new Sales Tax Refund Rules-2004, to all federations of chambers of commerce…
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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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IASB issues draft interpretations to clarify scope of leasing standard and on decommissioning funds
The International Financial Reporting Interpretations Committee (IFRIC) has today released two Draft Interpretations—D3 Determining whether an Arrangement contains a Lease…
