News
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SECP declares KSE decision for removing cap on COT as null and void
KARACHI (July 16 2005): The Securities and Exchange Commission of Pakistan (SECP) has declared Karachi Stock Exchange (KSE) decision for…
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Banks to accept sales tax returns with old numbers
LAHORE (July 16 2005): The Central Board of Revenue (CBR), with the co-operation of State Bank of Pakistan (SBP), has…
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SECP takes action against companies & their auditors
KARACHI: The Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) identified 25 cases of violation of legal…
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Withholding tax on pulses import reduced
KARACHI (July 13 2005): The government has reduced withholding tax on import of pulses from 6 percent to 2 percent…
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SECP penalises 168 companies for violation of rules
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) maintained strict vigilance on the corporate sector and penalized 168 companies…
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Badla investment and rates decline: SECP suspends COT phase-out
KARACHI (July 11 2005): The Securities and Exchange Commission of Pakistan (SECP) has accepted the plea of stock exchanges to…
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Zero sales tax on jute products
ISLAMABAD (July 11 2005): The Central Board of Revenue (CBR) has conveyed to Pakistan Jute Mills Association (PJMA), Karachi, that…
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CBR task force to recover tax arrears
ISLAMABAD (July 11 2005): The Central Board of Revenue (CBR) has constituted 'Task Force' in each collectorate of customs for…
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IASB, FASB Publish First Joint Proposals
The International Accounting Standards Board and the U.S. Financial Accounting Standards Board each issued proposals that aim to improve and…
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Over Rs 25,000 credit card, ATM cash withdrawals liable to withholding tax
ISLAMABAD (July 06 2005): The Central Board of Revenue (CBR) has announced that cash withdrawals exceeding Rs 25,000 made through…