News
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50 percent margin on sugar trade financing impsed by SBP
KARACHI (February 10 2009): As a step to curb sugar hoarding, the State Bank of Pakistan (SBP) on Monday imposed…
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ICAP Not Competent to Issue Relaxation on Application of IFRSs and IASs
KARACHI (February 10 2009): It is not within the ambit of Institute of Chartered Accountants of Pakistan (ICAP) to issue…
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ACCA Pakistan Awards Platinum Employer Status to Coca Cola Beverages Ltd
(Feb. 10, 2009 – Karachi) ACCA (Association of Chartered Certified Accountants) awarded Coca Cola Beverages Pakistan Ltd with Platinum Approved…
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SECP needs to suspend impairment in valuation of investment for Accounting Year 2008
KARACHI (February 08 2009): The Securities and Exchange Commission of Pakistan (SECP) needs to suspend the impairment in valuation of…
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CCP issues notices to four banks for advertising incorrect profit rates
ISLAMABAD (January 30 2009): The Competition Commission of Pakistan (CCP) has issued notices to four banks for advertising term/time deposit…
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Global economy discussion gets personal – with launch of new ACCA site
ACCA (the Association of Chartered Certified Accountants) has recently launched a dedicated new micro site which gives its members an…
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SBP Allows Banks to Use Market Price of Dec. 31, 2008 for Listed Securities
KARACAHI (January 28 2009): In order to avoid subjectivity in mark to market of investments held by banks, the State…
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Prudential Regulations Amended – Banks to Avail 30 Percent FSV Benefit of Collateral
KARACHI (January 28 2009): State Bank of Pakistan has allowed the banks to avail 30 percent benefit of Forced Sale…
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SBP Allows One-year Grace Period on Long Term Financing Facility
KARACHI (January 23 2009): The State Bank of Pakistan (SBP) has given a one year grace period on loans availed…
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SECP Issues Draft of Companies Buy-back of Shares Regulations, 2009
ISLAMABAD (January 23 2009): The Securities and Exchange Commission of Pakistan (SECP) has issued draft of the “The Companies (Buy-Back…
