News
-
Rs 237 billion taxes collected in seven months
ISLAMABAD (February 01 2003) : The Central Board of Revenue (CBR) has provisionally collected Rs 237 billion against target of…
-
Debt servicing to fall to 25 percent by 2004-05: State Bank Governor
KARACHI (February 01 2003) : Pakistan's debt servicing would be reduced to 25 percent from the current 40 percent of…
-
Export finance rate further reduced to 5.5 percent
KARACHI (February 01 2003) : The State Bank of Pakistan on Friday further cut the export refinance rate by 0.5…
-
Telecom magnate slaps KPMG with tax shelter suit
A regional telecommunications magnate is suing KPMG for allegedly convincing him to adopt an illegal tax avoidance strategy, making the…
-
Accountant, father charged by SEC for insider trading
Federal prosecutors charged a Sepracor Inc. accountant and his father yesterday with engaging in illegal insider trading that netted $55,000.…
-
Stock market exec attacks Europe on accounting standards
The vice chairman of Nasdaq Stock Market Inc., in a letter opposing stock option expensing, charged that European support of…
-
Sales Tax-registered gas consumers may claim 'input tax adjustment'
ISLAMABAD (February 01 2003) : The Central Board of Revenue (CBR) has allowed registered consumers of natural gas to claim…
-
Sales Tax Act 1990: Revenue Board vetting consultant's proposal to annul Third Schedule
ISLAMABAD (January 31 2003) : The Central Board of Revenue (CBR) has made some observations on the Maxwell Stamps proposal…
-
SECP unveils code of corporate governance for insurance companies
ISLAMABAD (January 31 2003) : The Securities and Exchange Commission of Pakistan (SECP) has introduced the code of corporate governance…
-
Habib Bank's profits soar to Rs 4.1 billion, a new record set in 2002
KARACHI (January 31 2003) : Habib Bank Limited (HBL) established a new record in the banking sector by achieving a…
