News
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KPMG Faulted on Handling of Polaroid Financial Reports
A federal bankruptcy examiner in USA has criticized KPMG for not being vigilant enough in forcing Polaroid to report bad…
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CBR concerned over lack of data backup system in case of virus attack
ISLAMABAD (August 24 2003) : The Central Board of Revenue (CBR) has expressed serious concern over the absence of backup…
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State Bank issues 'Guidelines' on commercial paper
KARACHI (August 24 2003) : The State Bank on Saturday issued guidelines on commercial paper. In order to facilitate the…
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They Fired Two Auditing Firms. Who Wants to Be No. 3?
Help Wanted: Auditing Firm. Must be willing to work cheap and go along with accounting policies that the previous auditors…
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Duty and Tax Remission for Export scheme audit: modalities being worked out
ISLAMABAD (August 23 2003) : The Central Board of Revenue (CBR) and tax consultants M/s Maxwell Stamps are working out…
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State Bank and SECP agree to build strong regulatory framework
ISLAMABAD (August 23 2003) : State Bank of Pakistan (SBP) Governor Dr Ishrat Hussain and Securities and Exchange Commission of…
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Karachi Chamber rejects FPCCI proposal on SRO 507
KARACHI (August 23 2003) : The Karachi Chamber of Commerce and Industry (KCCI) has repudiated the consent of Federation of…
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New procedure for sales tax registration announced
ISLAMABAD (August 20 2003) : The government has made bank certificate, showing financial worth of business concern, membership of federation/chamber…
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Anomaly body bars three items from sale to unregistered persons: SRO 507 reviewed
KARACHI (August 20 2003) : The anomaly committee, appointed by the government, while reviewing the SRO 507, has decided that…
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Shell declares 255 percent dividend: net profit up by 18 percent
KARACHI (August 20 2003) : The net profit of Shell Pakistan Ltd, nation's largest non-state oil supplier, rose by 18…
