News
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Wide-ranging changes made in duty drawback regime
ISLAMABAD (December 18 2002) : The Central Board of Revenue (CBR) on Tuesday issued twelve different standard/individual notifications brining wide-ranging…
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Local agents of foreign companies exempted from Board of Investment registration
KARACHI (December 18 2002) : The government has decided to exempt the Pakistani local owned companies working as agents of…
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Union Bank's term finance certificates worth Rs 750 million to open from December 19
KARACHI (December 18 2002) : The public subscription in Union Bank's Terms Finance Certificates worth Rs 750 million will be…
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More independent power producers to be enlisted with stock exchanges
ISLAMABAD (December 18 2002) : In a major move to expand stock market by attracting prospective investors, the government has…
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KPMG profits take a dive
KPMG International, the global accountancy firm, yesterday blamed a wave of accounting scandals sweeping the profession for a 22 per…
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Fuel oil prices raised by 9.9 percent
KARACHI (December 17 2002) : Pakistan's oil marketing companies raised prices of fuel oil by as much as 9.9 percent…
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Probe into increase in duty drawback rates for textile industry begins
ISLAMABAD (December 17 2002) : Taking prompt action to rectify the irregularities pointed out by Auditor General, the tax authorities…
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CBR to start legal action against sugar mills for further tax
ISLAMABAD (December 17 2002) : The Central Board of Revenue (CBR) has decided to initiate legal action against the owners…
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SEC bars 3 former WorldCom accountants
WASHINGTON — The Securities and Exchange Commission has barred three former WorldCom Inc. accountants from working in that capacity because…
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SBP cuts coupon rates of all three maturity PIBs
KARACHI (December 17 2002) : The State Bank of Pakistan on Monday has slashed the coupon rates of Pakistan Investment…