News
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Banks and DFIs profit reporting: no amendment in income tax law needed, says Revenue Board
ISLAMABAD (July 09 2003) : No further amendment in the income tax law is required as banks/financial institutions (FDIs) profit…
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Court rules PwC must pay £1.6m in damages
The High Court in England has ruled that PricewaterhouseCoopers must pay £1.6m in damages for negligent advice it gave to…
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Deloitte's other troubles
Deloitte and Touche LLP, America's second-largest accounting firm, has not escaped its share of corporate controversy or allegations of impropriety.…
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ICAP – Clarification issued regarding computer practical exam
The Institute of Chartered Accountants of Pakistan has issued the following clarification regarding the computer practical examinations of paper B6…
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Forward cover fee on foreign currency deposits reduced
KARACHI (July 06 2003) : The State Bank of Pakistan has significantly cut the forward cover fee on foreign currency…
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State Bank relaxes Prudential Regulations for infrastructure projects financing
KARACHI (July 06 2003) : The State Bank of Pakistan on Saturday relaxed the Prudential Regulations for 'Infrastructure Project Financing'…
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State Bank issues new Primary Dealers rules
KARACHI (July 06 2003) : The State Bank of Pakistan has allowed brokerage houses and investment banks to become 'Primary…
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Banks can levy service charges on PLS deposits
KARACHI (July 05 2003) : The State Bank on Friday said that banks can levy service charges on all types…
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Banks uneasy over reporting clients' profits to Revenue Board
KARACHI (July 05 2003) : State Bank's fresh instructions have created a kind of uneasiness among the banks as they…
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Customs told not to interfere in income tax matters
ISLAMABAD (July 05 2003) : To check the misuse of discretionary powers of custom officials, the Central Board of Revenue…
