News
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Challan system for sales tax refund to go
KARACHI (April 11 2004): The Central Board of Revenue has planned to pay sales tax refund to exporters under an…
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Pick 5 percent non-corporate and 20 percent corporate returns for audit: CBR directive to RCITs
ISLAMABAD (April 08 2004): The Central Board of Revenue (CBR) has directed all Regional Commissioners of Income Tax (RCITs) to…
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Banks and DFIs can get subsidiaries regularised by December 31
KARACHI (April 09 2004): The State Bank of Pakistan (SBP) has granted time to banks and development finance institutions (DFIs)…
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ICAEW awards credit for Professional Stage to ICAP members
The Institute of Chartered Accountants in England and Wales (ICAEW) has awarded credit from all papers of their Professional Stage…
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ICAP – Revised IASs not to be examined in upcoming examinations
The Institute of Chartered Accountants of Pakistan (ICAP) has announced that the IASs revised in December 2003 would not be…
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Provisional sales tax registration allowed
ISLAMABAD (April 07 2004): Noticing the delay in sales tax registration of importers and manufacturers, the Central Board of Revenue…
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SBP to educate banks on SME lending
KARACHI: The State Bank of Pakistan (SBP) will pursue and educate commercial banks to extend loans to Small and Medium…
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ICAP – Last date of form submission for Summer 2003 Professional/Final exams
Monday April 12, 2004, is the last day for submission of Summer 2004 ICAP Professional/ Final Examination forms. After that…
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SBP asks banks to comply with prudential rules
KARACHI (April 02 2004): The State Bank of Pakistan (SBP) has explained that prudential regulations represented minimum standards that the…
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SECP penalises three listed companies
KARACHI (April 02 2004): The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties of Rs 95,000 on the…