News
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International donors and CBR agree on revamping terms of reference
ISLAMABAD (January 21 2003) : To completely revamp the tax machinery, the international donors and Central Board of Revenue (CBR)…
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State Bank sets Rs 30 billion treasury bills auction target
KARACHI (January 21 2003) : The State Bank has set the target of Rs 30 billion for the sale of…
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Deloitte chief quits amid contorversy
Deloitte Touche Tohmatsu chief executive Domenic Martino has quit his post, amid controversy surrounding his previous involvement with the failed…
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Big Four Escape SEC Wrath
While the Securities and Exchange Commission has trumpeted its record 598 enforcement actions for 2002, a Washington Post investigation noted…
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Accounting firms offer to open their books to public scrutiny in UK
Accounting firms have for the first time offered to open their books to public scrutiny as part of a package…
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Accountant gets jail time in fraud in the US
“Creative accounting” almost a half million dollars worth – on clients' tax returns has landed a Bronx tax preparer a…
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CIMA – Updated examination format
From the May 2003 exams all Intermediate level papers, except for Systems and Project Management, will carry 20 marks worth…
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National Savings Scheme launches 11.04 percent profit pension account
ISLAMABAD (January 20 2003) : National Savings Scheme has introduced a new Pensioner Benefit Account, offering 11.04 percent rate of…
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Six-month forward dollar premium hits all-time low
KARACHI (January 20 2003) : The dollar took the battering after broad based sell-off during the week due to selling…
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Ghee units allowed input tax adjustment
ISLAMABAD (January 20 2003) : The Central Board of Revenue (CBR) has allowed the manufacturers of ghee/cooking oil to claim…
