News
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Gold jewellery export finance facility extended
KARACHI (April 08 2003) : The State Bank of Pakistan has decided to continue extending the facility of refinance for…
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PIA posts Rs 1.873 billion net profit in 2002
KARACHI (April 08 2003) : Pakistan International Airlines Co, the national carrier, returned to a profit in the year ended…
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GM ending consulting work by auditor Deloitte
General Motor Corp., the world's largest automaker, will cease its consulting work by its accounting firm Deloitte Touche Tohmatsu, a…
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Accounting firms sending tax returns on passage to India
Tax returns have always had a grueling route from scraps of receipts in a shoebox to scrutiny in the halls…
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IFAC's IAASB Adopts Action Plan to Promote High Quality Standards
The International Auditing and Assurance Standards Board (IAASB) of the International Federation of Accountants (IFAC) has released its action plan…
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SBP report: an appraisal
The State Bank of Pakistan (SBP) released its latest report on the state of Pakistan's economy for the quarter October-December,2002…
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Foreign banks post 53 percent growth in net profits in 2002
KARACHI (April 07 2003) : Foreign banks operating in the country posted 53 percent growth in their after-tax earnings during…
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Regulators to Force Rotation of Accounting Firms
Financial regulators in Korea are mulling over an accounting reform bill that would require listed companies to change auditors periodically.…
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Pakistan's exports increase by 20.2 percent, trade deficit widens
ISLAMABAD (April 06 2003) : The country's exports have increased by 20.2 percent, to $ 7.859 billion, during the nine…
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IMF lays down parameters for new income tax return form
ISLAMABAD (April 06 2003) : To collect maximum information on taxpayers and identifying those involved in under-reporting, the International Monetary…
