News
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United Bank exempted from income tax till June 30
ISLAMABAD (May 17 2003) : United Bank Ltd, a large taxpayer under the large taxpayers unit, Karachi, has been exempted…
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National Bank registers 94 percent profit in first quarter
KARACHI (May 17 2003) : National Bank of Pakistan Ltd (NBP), the nation's largest bank, registered first quarter profit of…
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Sales tax levy: Revenue Board issues fresh clarification
ISLAMABAD (May 17 2003) : Taking into account the viewpoint of the Ministry of Law and Justice, the Central Board…
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Former Arthur Andersen partner files lawsuit against old firm
A former managing partner of Arthur Andersen LLP's Indianapolis office has filed a lawsuit that seeks up to $139 million…
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ICAI issues accounting, auditing guide for NGOs; sets up committee for Tendulkar
With many of the non-governmental organisations (NGOs) receiving huge funds from national and international donors, the Institute of Chartered Accountants…
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IASB issues guidance for reporting greenhouse gas liabilities
The International Accounting Standards Board has dipped a toe into environmental reporting issues with draft guidelines on accounting requirements for…
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Government urged to cut duty, sales tax on stationery
KARACHI (May 15 2003) : Claims that the Pakistan government is education-friendly and is doing everything in its power to…
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Record Rs 193 billion sales tax collected in July-April
ISLAMABAD (May 15 2003) : Registering record sales tax collection of Rs 193 billion during the July-April 2002-03, the Central…
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Government and SBP studying proposal to merge, sell ICP's shares
KARACHI (May 14 2003) : The government and the State Bank of Pakistan (SBP) are studying a proposal to either…
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State Bank further explains write-off policy
KARACHI (May 14 2003) : The State Bank of Pakistan (SBP), responding to representations and suggestions made by the trade…
