News
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United Companies creditors settle case with Deloitte
Creditors of bankrupt United Companies Financial Corp. and the company's auditors have reached an undisclosed settlement in a lawsuit over…
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Revenue Board starts commercial exporters audit
ISLAMABAD (November 03 2003): The Central Board of Revenue (CBR) has started audit of commercial exporters to ascertain the admissibility…
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Input tax adjustment for PTV ads: Revenue Board issues procedure
ISLAMABAD (November 02 2003): The Central Board of Revenue (CBR) has issued procedure for adjustment of input tax paid on…
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Backers hope conference will prove XBRL is 'real'
The developers of XBRL, the Internet-based software language for business reports, are hopeful that their upcoming international conference will be…
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AICPA, FBI ally on anti-fraud Webcast
With 134 major cases of corporate fraud being investigated, the American Institute of CPAs and the Federal Bureau of Investigations…
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Advances against certain raw materials need no margins
KARACHI (October 30 2003): The new Prudential Regulations have put no margin requirement for advances against raw materials to manufacturing…
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National Bank's nine-month profit doubles
KARACHI (October 30 2003): The profit of National Bank of Pakistan Ltd, the country's largest lender by assets, rose twofold…
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Revenue Board opposes GST exemption on phosphatic fertiliser
ISLAMABAD (October 31 2003): Despite the support of three ministries, the Central Board of Revenue (CBR) has strongly opposed the…
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MCB declares 12.5 percent second interim dividend: net profit rises 41 percent in nine months
KARACHI (October 31 2003): The Muslim Commercial Bank declared a second interim dividend of 12.5 percent as its net profit…
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E&Y picks Ratan Tata for entrepreneurship award
Chairman of the Tata group of companies, Mr Ratan N. Tata, has been named the `Ernst & Young Entrepreneur of…
