Economic and Finance News
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Securities, Exchange Commission of Pakistan assumes NBFIs supervision
ISLAMABAD (December 03 2002) : The Securities and Exchange Commission of Pakistan (SECP) has started supervising all non-banking financial institutions,…
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Section 3B of Sales Tax Act not to be invoked for refund to pharmaceutical
ISLAMABAD (December 03 2002) : The Central Board of Revenue (CBR) has announced that the authorities could not invoke section…
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Toyota applies for U.S. banking license
Toyota Motor Corp. is applying to the state of Nevada for a banking license, which it expects to receive this…
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Pakistan Telecommunication Company fails to levy sales tax, excise duty on certain services for five
ISLAMABAD (December 02 2002) : The Pakistan Telecommunication Company Ltd (PTCL) failed to levy Central Excise Duty and Sales Tax…
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Rs 700 million sales tax refund claims paid to exporters
KARACHI (December 02 2002) : The Collectorate of sales tax, West, has expedited payment of sales tax refund to the…
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Pakistan's Askari Commercial Bank allowed to operate in Bahrain
MANAMA (December 02 2002) : Bahrain's central bank said on Sunday it had granted licences to two Turkish and Pakistani…
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Badla rate shrinks
KARACHI (December 02 2002) : The cut in discount rate and some liquidity flow at the Karachi Stock Exchange (KSE)…
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Banks advised to tap new sectors
KARACHI (December 01 2002) : The Advisor to the Prime Minister of Pakistan on Finance and Economic Affairs, Shaukat Aziz,…
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Oil companies assured of maximum help
LAHORE (December 01 2002) : Petroleum Minister Chaudhry Naurez Shakoor has said that the government would provide maximum facilities to…
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Procedure to deal with complaints against income tax cases audit
ISLAMABAD (December 01 2002) : The Central Board of Revenue (CBR) has announced income tax procedure for the taxpayers whose…
