The Central Board of Revenue (CBR) has issued the list of 29 banks falling in the jurisdiction of Karachi Large Taxpayer Unit (LTU). The Board on Wednesday issued Federal Excise General Order (FEGO) No 6 of 2006 notifying the names of banking companies in Karachi LTU jurisdiction.
According to another FEGO, No 7 of 2006, six banking companies would operate in the jurisdiction of Lahore LTU. The Board has also specified the Federal Excise Registration Numbers (FERNs) of these banking companies.
According to the order, following banking companies shall fall in the jurisdiction of Karachi LTU Collector: ABN Amro Bank; American Express Bank Ltd; Atlas Investment Bank Limited; Bank Alfalah Limited; Bank Islami Pakistan Limited; CitiBank; Crescent Commercial Bank Limited; Deutsche Bank; Dubai Islamic Bank; Faysal Bank Limited; First Women Bank; Habib Bank AG Zurich; Habib Bank Limited; Hong Kong & Shanghai Banking Corporation Ltd, Pakistan; Industrial Development Bank of Pakistan; KASB Bank Limited; MCB Bank Ltd; Meezan Bank Limited; Metropolitan Bank Ltd; My Bank Limited; National Bank of Pakistan; NIB Bank Limited; Oman International Bank SAOG; Picic Commercial Bank Limited; Saudi Pak Commercial Bank Limited; Standard Chartered Bank; The Bank of Tokyo Mitsubishi UFJ Ltd; Union Bank Limited; and United Bank Limited.
Following banking companies are in the jurisdiction of the Lahore LTU Collector: Albaraka Islamic Bank BSC (EC); Allied Bank Limited; Prime Commercial Bank Ltd; Punjab Provincial Co-operative Bank Ltd; Soneri Bank Limited; and The Bank of Punjab.