News
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Accountant, father charged by SEC for insider trading
Federal prosecutors charged a Sepracor Inc. accountant and his father yesterday with engaging in illegal insider trading that netted $55,000.…
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Stock market exec attacks Europe on accounting standards
The vice chairman of Nasdaq Stock Market Inc., in a letter opposing stock option expensing, charged that European support of…
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Sales Tax-registered gas consumers may claim 'input tax adjustment'
ISLAMABAD (February 01 2003) : The Central Board of Revenue (CBR) has allowed registered consumers of natural gas to claim…
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Pakistan State Oil launches corporate credit cards
KARACHI (February 01 2003) : American standards of accounting have elevated Pakistan State Oil to US $3.5 billion dollar company,…
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Port Qasim Authority plans further cut in tariff
KARACHI (February 01 2003) : The Port Qasim Authority (PQA) is considering further reduction in the port tariff. It is…
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Rs 237 billion taxes collected in seven months
ISLAMABAD (February 01 2003) : The Central Board of Revenue (CBR) has provisionally collected Rs 237 billion against target of…
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Debt servicing to fall to 25 percent by 2004-05: State Bank Governor
KARACHI (February 01 2003) : Pakistan's debt servicing would be reduced to 25 percent from the current 40 percent of…
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SECP unveils code of corporate governance for insurance companies
ISLAMABAD (January 31 2003) : The Securities and Exchange Commission of Pakistan (SECP) has introduced the code of corporate governance…
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Habib Bank's profits soar to Rs 4.1 billion, a new record set in 2002
KARACHI (January 31 2003) : Habib Bank Limited (HBL) established a new record in the banking sector by achieving a…
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New bank to emerge after acquiring Doha Bank branch
KARACHI (January 31 2003) : A new bank, Trust Commercial Bank, will emerge after acquiring Doha Bank branch in Karachi,…
