News
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AICPA Downsizing Across the Board
Feeling both the economic pinch and the squeeze of Sarbanes-Oxley, the American Institute of CPAs confirmed Monday that it has…
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Deloitte sees $350 billion outsourcing investments in India
Global financial institutions will pump in $350 billion in the next five years in India for offshore business. Of this,…
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MCB shareholders cheered up at 50 percent payout for 2002
LAHORE (February 11 2003) : The Directors of the Muslim Commercial Bank sent a wide smile across the face of…
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IFC and ABN-Amro sign $80 million 'Trade Enhancement Facility' deal
KARACHI (February 11 2003) : The International Finance Corporation (IFC) and ABN-Amro on Monday have singed a 80 million dollars…
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PIA's term finance certificates oversubscribed by 40 percent
KARACHI (February 11 2003) : Pakistan International Airlines Term Finance Certificates have been oversubscribed by 40 percent. Against an issue…
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Sales tax registration: wrongly served notices to be withdrawn
ISLAMABAD (February 11 2003) : The Central Board of Revenue (CBR) has decided to withdraw sales tax registration notices issued…
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Roadmap identified to introduce margin financing by June
ISLAMABAD (February 11 2003) : The Securities and Exchange Commission of Pakistan has identified a roadmap to introduce margin financing…
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Auditors in Korea to be Fined for False Disclosure
External audit firms are to be fined in South Korea if market-listed companies they audit are found to have made…
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Auditors to win fight for limit on losses
Plans to cap the legal liabilities of big accounting firms when one of their audit clients goes bust are expected…
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Revenue Board not to ban filament yarn import under DTRE scheme
ISLAMABAD (February 10 2003) : To discourage sale of low-quality filament yarn at inflated rates in the local market, the…
