News
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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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Export finance rate further reduced to 5.5 percent
KARACHI (February 01 2003) : The State Bank of Pakistan on Friday further cut the export refinance rate by 0.5…
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Telecom magnate slaps KPMG with tax shelter suit
A regional telecommunications magnate is suing KPMG for allegedly convincing him to adopt an illegal tax avoidance strategy, making the…
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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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NASD Launches International Accounting Standards Symposium
Washington (Jan. 28, 2003)– Transparency and efficiency in capital markets are the key topics for “Global Adoption of International Accounting…
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New accounting standards for UK
LONDON – The British government introduced new accounting rules in a bid to shore up investor confidence in the wake…
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U.S. sues KPMG for fraud over Xerox accounting
The Securities and Exchange Commission yesterday filed a civil complaint against KPMG LLP and four current and former partners, saying…
