News
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Relief to commercial exporters promised: CBR agrees to extend SRO 575 date to June 30
FAISALABAD (January 28 2003) : The Central Board of Revenue (CBR) has agreed to further amend SRO-575(1)12002 allowing refund claims…
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E & Y: “The worst is yet to come”
Accountancy giant Ernst & Young cast more gloom on the state of the economy yesterday as it said profit warnings…
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U.S. accounting rules could hurt earnings and more
NEW YORK, Jan 27 (Reuters) – New rules designed to prevent Enron-esque shenanigans might force companies to shift billions in…
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Revenue Board orders prompt GST recovery from six five-star hotels
ISLAMABAD (January 27 2003) : On recommendations of Directorate General Revenue Receipt Audit (DGRRA), the Central Board of Revenue (CBR)…
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Three spinning companies to float Rs one billion TFCs
KARACHI (January 27 2003) : Three companies belonging to spinning sector would float terms finance certificates worth Rs 1 billion…
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Weaknesses spotted in State Bank's foreign exchange regime monitoring mechanism
KARACHI (January 27 2003) : Banks have ignored the State Bank Governor's press statement that a cut in the discount…
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Top accountants forced to open books
Top accountants are being forced to open their own books – as well as checking those of others – in…
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Listed Firms in Korea May Have to Rotate Accountants
Regulators are mulling over an accounting reform scheme that would require listed companies to change audit firms periodically. The Financial…
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SME Bank to provide Rs 2 billion credit facility in 2003
ISLAMABAD (January 26 2003) : Small and Medium Enterprises (SME) Bank Ltd has decided to provide Rs 2,000 million as…
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Rs 60m textile orders disrupted in Faisalabad
LAHORE: Textile exports worth Rs 60 million for an estimated three million meters of printed cloth per day have been…
