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Deloitte Taps Rohr as CFO

Deloitte Touche Tohmatsu, the global professional services organization, announced that Jeffrey P. Rohr has been named chief financial officer of Deloitte Touche Tohmatsu and its U.S. member firm, Deloitte & Touche LLP. Rohr, 54, has served as regional managing partner of the U.S. firm's midwest practice in Chicago since 1995. He succeeds Bill Fowler, who is retiring after 38 years ...

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Dalda changing hands; Unilever deal with palm oil mogul

KARACHI (June 16 2004): Leading palm oil importer Bashir Janmohammad, in collaboration with an Employees Group led by Pervez Khan, Director Production, has reportedly purchased the Selected Oils and Fats Business (SOFB) of Unilever Pakistan Limited (UPL) for Rs 1.4 billion. The deal involves purchase of trademark and licence rights in Pakistan for Dalda Vanaspati; Dalda Melonge; Dalda Cooking Oil; ...

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Further tax withdrawn from June 12: CBR

ISLAMABAD (June 16 2004): To facilitate the business community, the Central Board of Revenue (CBR) has announced withdrawal of “further tax” on all the supplies made from June 12, 2004 instead of July 1. Official sources told Business Recorder here on Tuesday that the CBR would bear the revenue loss for 18 days of June to give relief of further ...

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Amendments proposed in Income Tax Rules 2002

ISLAMABAD (June 16 2004): The Central Board of Revenue (CBR), through Finance Bill 2004, has proposed amendment in the Income Tax Rules 2002 to incorporate changes made in the income tax law. The CBR on Tuesday issued a draft amending the Income Tax Rules 2002 through an SRO(I)/ 2004 issued here on Tuesday. Under the draft amendment, the CBR has ...

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CBR proposes amendment in Sales Tax Act, 1990

ISLAMABAD (June 11 2004): The Central Board of Revenue (CBR) has proposed amendment in the Sales Tax Act, 1990 to introduce new measures in the budget for controlling the menace of flying/fake invoices, sources told Business Recorder here on Thursday. The tax authorities will make comprehensives changes in the procedure to deal with the suspected units allegedly involved in the ...

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Brokers agree to increase withholding tax to 10 percent

KARACHI (June 16 2004): The stock brokers have agreed to taxing brokerage income, carryover transactions and the difference in the bill of trading following government's decision to remove capital value tax (CVT), according to sources close to Karachi Stock Exchange. Sources said that a marathon meeting of Karachi Stock Exchange (KSE) members was held, allowing the chairman to address the ...

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Brokers agree to increase withholding tax to 10 percent

KARACHI (June 16 2004): The stock brokers have agreed to taxing brokerage income, carryover transactions and the difference in the bill of trading following government's decision to remove capital value tax (CVT), according to sources close to Karachi Stock Exchange. Sources said that a marathon meeting of Karachi Stock Exchange (KSE) members was held, allowing the chairman to address the ...

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Deloitte distances itself from Alitalia figures

Alitalia's auditor Deloitte and Touche said today it was unable to form an opinion on the troubled airline's full-year 2003 results because of significant uncertainties surrounding the company's business plan and financing. “Because of relevant uncertainties… we are unable to form an opinion about Alitalia's full-year results,” Deloitte said. The auditor said that the carrier's financial situation deteriorated sharply last ...

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KSE receives application for PPL listing

KARACHI (June 12 2004): The Karachi Stock Exchange (KSE) has received application for listing of the Pakistan Petroleum Limited (PPL), according to a release issued by the KSE on Friday. The total paid-up capital of the company is Rs 6.858 billion and the Government of Pakistan, out of its shareholding in the company, will offer 10 percent of the total ...

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Duty on steel coils and billets to be reduced

ISLAMABAD (June 12 2004): A major reduction has been proposed in the import duty on steel coils, steel billets, MS bars and polypropylene/polyethylene. It is reliably learnt that the government would reduce customs duty on the import of steel coils from 25 percent to 10 percent, steel billets, 25 percent to 5 percent, MS bars, 25 percent to 10 percent ...

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