Economic and Finance News
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55 entities issued notices for doing illegal banking
KARACHI (August 19 2003) : The State Bank of Pakistan on Monday issued notices to 55 entities and individuals for…
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Investment banks demand income tax levy at companies rate
ISLAMABAD (August 19 2003) : Investment banks have demanded application of reduced tax rate of 35 percent as in the…
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Tax return forms in Urdu soon
ISLAMABAD (August 19 2003) : The Central Board of Revenue (CBR) would shortly issue an income tax return form in…
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Muslim Commercial Bank board told of Rs 2.11 billion pre-tax profit
LAHORE (August 19 2003) : The Muslim Commercial Bank (MCB) earned a record profit of Rs 2.11 billion before tax,…
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LHC orders to freeze four illegal foreign exchange brokers' accounts
ISLAMABAD (August 16 2003) : The Securities and Exchange Commission of Pakistan (SECP) has received an order against 4 out…
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State Bank further liberalises foreign exchange regime
KARACHI (August 16 2003) : With a view to further liberalise the foreign exchange regime, the State Bank has made…
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SBP issues guidelines on risk management
KARACHI (August 16 2003) : The State Bank of Pakistan (SBP) on Friday has issued guidelines to banks and Development…
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ATM switches to be interlinked: State Bank order
KARACHI (August 16 2003) : In order to promote e-commerce and provide enhanced on-line banking facilities in the country, the…
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SBP asks banks and DFIs to submit weekly report of investment in shares and badla market
KARACHI (August 16 2003) : The State Bank of Pakistan (SBP) on Friday asked all banks and development finance institutions…
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PSO sets new dividend record
KARACHI (August 13 2003) : Pakistan State Oil Ltd (PSO) profit in the year ended June 30, 2003, recorded an…
