Economic and Finance News
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Relief to commercial exporters promised: CBR agrees to extend SRO 575 date to June 30
FAISALABAD (January 28 2003) : The Central Board of Revenue (CBR) has agreed to further amend SRO-575(1)12002 allowing refund claims…
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Shell records four-fold profit rise, declares 95 percent dividend
KARACHI (January 28 2003) : The profit of Shell Pakistan Limited's recorded a four-fold increase and declared a handsome dividend…
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Revenue Board orders prompt GST recovery from six five-star hotels
ISLAMABAD (January 27 2003) : On recommendations of Directorate General Revenue Receipt Audit (DGRRA), the Central Board of Revenue (CBR)…
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Three spinning companies to float Rs one billion TFCs
KARACHI (January 27 2003) : Three companies belonging to spinning sector would float terms finance certificates worth Rs 1 billion…
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Weaknesses spotted in State Bank's foreign exchange regime monitoring mechanism
KARACHI (January 27 2003) : Banks have ignored the State Bank Governor's press statement that a cut in the discount…
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SME Bank to provide Rs 2 billion credit facility in 2003
ISLAMABAD (January 26 2003) : Small and Medium Enterprises (SME) Bank Ltd has decided to provide Rs 2,000 million as…
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Rs 60m textile orders disrupted in Faisalabad
LAHORE: Textile exports worth Rs 60 million for an estimated three million meters of printed cloth per day have been…
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CAA directed to simplify terms to attract investment
KARACHI: The Advisor to Prime Minister for Privatisation and Investment, Dr Abdul Hafeez Shaikh, has called for simplification of terms…
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IMF and World Bank satisfied with Revenue Board restructuring process
KARACHI (January 24 2003) : The Senior Tax Administration Adviser, International Monetary Fund (IMF), Richard Highfield and Head, Tax Policy…
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Commerce Ministry may allow old boilers import
KARACHI (January 24 2003) : The Ministry of Commerce is considering allowing import of second-hand boilers for export industries to…
