News
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CBR probing misuse of ghee export facility to Afghanistan
ISLAMABAD (May 30 2003) : The Central Board of Revenue (CBR) has started investigation on the misuse of ghee export…
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Pakistan and Bahrain to co-operate in Islamic banking
KARACHI (May 30 2003) : Bahrain Monetary Agency (BMA), Central Bank of Bahrain, and the State Bank of Pakistan (SBP)…
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Sanctions sought for Ernst & Young
Ernst & Young, one of the world’s largest auditing firms, faces a six-month ban from taking on new public company…
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SBP sells Rs23.4bn six-month T-bills
KARACHI: State Bank of Pakistan (SBP) sucked in Rs23.4 billion from the financial system on Wednesday by selling market treasury…
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SEC adopts softer regulation of auditors
The Securities and Exchange Commission in the US has approved new rules imposing more obligations and restrictions on auditors and…
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SEC to require anti-fraud assurance
The Securities and Exchange Commission in US plans to vote today to require executives of public companies to attest that…
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CBR issues draft of new income tax forms and certificates
ISLAMABAD (May 28 2003) : To collect complete information from the taxpayers, the Central Board of Revenue (CBR) has circulated…
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Body headed by a chartered accountant to settle sales tax disputes
The Federal government has constituted a dispute resolution committee to remove genuine hardships of businessmen relating to sales tax. The…
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Ban on auditor/suppliers would create management headache for IT directors
A call by members of Parliament in the UK for accountancy firms to be banned from providing expensive IT systems…
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Budget to phase out all, but auto, deletion plans
ISLAMABAD (May 28 2003) : The Budget 2003-04 would phase out all the deletion programmes in line with WTO requirements,…
