Economic and Finance News
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10 percent withholding tax on TV prize contests to be levied
ISLAMABAD (March 03 2003) : The Central Board of Revenue (CBR) is compiling a foolproof list of all multinational companies…
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Real estate trading all-time high in Pakistan
KARACHI (March 03 2003) : In Pakistan, the real estate market has a history of cyclical moves. On average after…
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PSF prices further raised by Rs 5 per kg
KARACHI (March 02 2003) : The local manufacturers of polyester staple fibre (PSF) have further increased the price of the…
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Export Promotion Bureau issues directive to deduct quota of exporters
LAHORE (March 02 2003) : The Export Promotion Bureau (EPB) has issued a directive to the concerned authorities to deduct…
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Federal Tax Ombudsman claims implementation of more than 80 percent decisions
PESHAWAR (March 02 2003) : The Federal Tax Ombudsman (FTO), Justice Saleem Akhtar has claimed that 80 percent decisions of…
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Dispute with Italian firm over Ghazi Brotha project: Pakistan challenges ICSID's jurisdiction
ISLAMABAD (March 02 2003) : Pakistan has challenged the jurisdiction of International Centre for Settlement of Investment Disputes (ICSID), Washington,…
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Semi-public cement makers want capacity tax re-imposed
KARACHI (March 01 2003) : Major cement manufacturers have proposed imposition of capacity tax to curb the growing evasion of…
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Expenditure over revenue results in Rs 65.7 billion deficit
ISLAMABAD (March 01 2003) : Total revenue for end of second quarter remained at Rs 332.85 billion (8.2 percent of…
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Saudi-Pak Investment okays Rs 1,413 million financing for 24 companies
ISLAMABAD (March 01 2003) : The Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited approved a total financing of…
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Software sales can generate Rs 1.4b by 2006
KARACHI: The business software development, distribution and sales industry can generate up to Rs 1.4 billion for the government by…
