News
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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…
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CBR gives options under tax concessionary scheme
ISLAMABAD (July 06 2005): The Central Board of Revenue (CBR) has given option to the companies to avail the concessionary…
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Presumptive tax facility withdrawn for manufacturers-cum-suppliers
ISLAMABAD (July 06 2005): The Central Board of Revenue (CBR) has withdrawn the facility for the manufacturers-cum-suppliers to operate under…
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Procedure for withholding tax agents simplified
ISLAMABAD (July 05 2005): The Central Board of Revenue (CBR) has made it mandatory for all withholding tax agents to…
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Basel II implementation: criteria for ECAIs' recognition outlined
KARACHI (July 05 2005): The State Bank of Pakistan on Monday outlined the eligibility criteria for recognition of 'External Credit…
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Six percent withholding tax on three items restored
ISLAMABAD (July 04 2005): The Central Board of Revenue (CBR) has decided to restore 6 percent withholding tax on import…
