News
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ECC okays issuance of 10th Wapda bonds
ISLAMABAD (February 26 2003) : The Economic Co-ordination Committee of the Cabinet (ECC) Tuesday approved issuance of Rs 7 billion…
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SECP announces new curbs on money laundering
KARACHI (February 25 2003) : The Securities and Exchange Commission of Pakistan (SECP) has taken further measures for strengthening regulatory…
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Central Depository Company cuts 50 percent security deposit levied on issuers of securities
KARACHI (February 25 2003) : Central Depository Company (CDC) has reduced the security deposit levied on issuers of securities by…
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PICIC Bank chief steps down
KARACHI (February 25 2003) : Mohammed Ali Khoja has stepped down as Chairman of the PICIC Commercial Bank under the…
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ECC may allow Wapda to float bonds for Ghazi Brotha Hydropower project
ISLAMABAD (February 25 2003) : The Economic Co-ordination Committee of the Cabinet (ECC) in its meeting on Tuesday (today) is…
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New international standard for governments addresses financial reporting under cash basis
New guidance is now available to governments worldwide operating under the cash basis of accounting. The International Federation of Accountants…
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Accounting Firms Find Hurdles in GAAP Convergence
Research released earlier this month by the world's six largest accounting firms shows that over 90 percent of the 59…
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Badla rates hit five-month low
KARACHI (February 24 2003) : The badla rates at the stock market during the preceding week reached five-month low level…
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Husnain Cotex may issue Rs 315 million commercial paper
KARACHI (February 24 2003) : Husnain Cotex Ltd is likely to issue a commercial paper worth Rs 315 million by…
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New sectors to be added to drawback regime
ISLAMABAD (February 24 2003) : Receiving encouraging signals from pharmaceutical industry after extension in duty drawback facility, the Central Board…
