News
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Revenue Board starts sales tax arrears recovery from short-filers
ISLAMABAD (February 15 2003) : The Central Board of Revenue (CBR) has started recovery of sales tax arrears from hundreds…
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Pakistan makes a beginning in ECN
ISLAMABAD (February 15 2003) : Pakistan makes a beginning in ECN (Electronic Communication Network) which serves as an alternative trading…
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Revenue Board clarifies definition under Income Tax Ordinance
ISLAMABAD (February 15 2003) : The Central Board of Revenue (CBR) has issued a clarification to all Regional Commissioners of…
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Probe targets Hub office of Tyco auditor
New York investigators are focusing on the Boston offices of PricewaterhouseCoopers LLC to try to determine which auditors knew about…
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Accounting firm involved in criminal case
SHANGHAI, CHINA: A local accounting firm is being accused of fabricating verification reports on its customers' registered capital, in a…
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Deloitte sees $350 billion outsourcing investments in India
Global financial institutions will pump in $350 billion in the next five years in India for offshore business. Of this,…
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Central excise duty evasion: Revenue Board unable to ascertain beverage output data
ISLAMABAD (February 12 2003) : Despite all-out efforts, the Central Board of Revenue (CBR) has not been successful in collecting…
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Malaysian firm to set up LPG terminal at Port Qasim
KARACHI (February 12 2003) : A Malaysian Company, Keloil (now Messrs Progas), will set up LPG Terminal at PQ-5, according…
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PVMA tells Revenue Board: ghee prices relief possible only on five percent levies cut
ISLAMABAD (February 12 2003) : The Pakistan Vanaspati Manufacturers' Association (PVMA) has conveyed to the Central Board of Revenue that…
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E&Y successfully blocks Equitable negligence claim
Ernst & Young, the former auditor to Equitable Life, have succeeded in blocking the major part of a £2.6 billion…
