News
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USAS scheme: small percentage of returns to be selected for audit
ISLAMABAD (September 23 2004): The Central Board of Revenue (CBR) has decided to select a very small percentage of income…
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Banks no more to submit 'ED' statements
KARACHI (September 23 2004): The State Bank of Pakistan on Wednesday decided to discontinue submission of 'ED' statement by banks…
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CBR exempts mutual funds from WHT
KARACHI: The Karachi Stock Exchange (KSE), after receiving approval from the Central Board of Revenue (CBR), has stopped deducting with-holding…
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SBP directive on export refinancing
KARACHI: The State Bank of Pakistan (SBP) on Wednesday ordered banks to make sure that ‘no duplicate export refinancing is…
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Shell earns Rs 1.5bn, declares Rs 35 dividend
KARACHI: Shell Pakistan Limited (SPL) has completed the 3-D seismic survey of its off-shore block and plans to invest $25…
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SECP mulls single licence for all NBFC activities
KARACHI: Dr Tariq Hassan, Chairman Securities and Exchange Commission of Pakistan (SECP) disclosed on Thursday that the SECP is examining…
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Big Four All Named “Best Companies for Working Mothers”
All Big Four accounting firms made Working Mother magazine's 19th annual list of “100 Best Companies for Working Mothers,” released…
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Claims with blacklisted units invoices: 20 panels set up to examine sales tax refund cases
ISLAMABAD (September 12 2004): To facilitate over 2000 exporters in payment of sales tax refund, the Central Board of Revenue…
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Sales tax payment system for oil marketing companies simplified
ISLAMABAD (September 12 2004): The Central Board of Revenue (CBR) has announced new, simplified procedure for payment of sales tax…
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ITCs to issue exemption certificates to listed Modarabas
KARACHI (September 12 2004): CBR Member, Direct Taxes, Salman Nabi, on Saturday said here that instructions are being given to…
