of Pakistan Board of Investment
(Public Affairs Wing)
from Pakistan (26-11-2002)
Central Board of Revenue has withdrawn the powers of
Collector, Collectorate of Customs, Sales Tax and Central
Excise (Adjudication) to adjudicate the cases of assessment
of tax including short-payment, wrong input tax credit
or refund claimed and cases involving late filing and
wrong filing of sales tax returns.
Pakistan Integrated Household Survey 2001-02 has shown
considerable improvement on the four indicators i.e.
basic education, primary health, population welfare
and rural water supply and sanitation.
Minister for Commerce Humayoon Akhtar Khan has said
that the continuation of existing policies would be
decided after a thorough review.
Foreign Office spokesman said on Monday that work on
the preliminaries to a final agreement between Pakistan
and Turkmenistan on the laying of a gas pipeline via
Afghanistan were progressing well and the three heads
of state may hold a summit to finalise it some time
towards the end of this year.
growers have approached the government to seek Trading
Corporation of Pakistan's intervention to stablise
cotton market as process is sliding downward.
bulk import of gold across the board, the government
has decided in principle to maintain the rate of withholding
income tax i.e. Rs.2 per ten gram from 2002-03, previously
charged on regulated import of gold, official sources
State Bank has issued first two licences for the formation
of foreign exchange companies to deal in the forex
showed plus signs at the Islamabad Stock Exchange where
bulls remained in the front seat amid increase in index.
stock market here on Monday showed upward trend under
the lead Dewan Motors and PIAC where business recorded
small rise after support from the financial institutions.
is a general demand of commercial importers that free
import of tractors should be allowed to bring down
the prices following a competition between the local
tractor manufacturers and importers.
State Bank has invited tenders for the auction of 6-months
Treasury Bills instead of scheduled 3-months and one
year T-bills, a move to set new bench-mark rate after
slashing of discount rate last week.