News
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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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Asian Development Bank sees Pakistan surpassing 4.5 percent growth target
ISLAMABAD (January 18 2003) : The Asian Development Bank has said that Pakistan has bright prospects to surpass the envisaged…
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Imported drugs retail margin raised to 15 percent
ISLAMABAD (January 18 2003) : The government has increased retail profit/margin on all imported medicines to 15 percent to put…
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Eight insurance firms not granted registration
KARACHI (January 18 2003) : The Securities Exchange Commission of Pakistan has not granted new certificates of registration to eight…
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Banks and development finance institutions asked for report on loan write-offs
KARACHI (January 18 2003) : The State Bank of Pakistan on Friday asked all banks and development finance institutions (DFIs)…
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CIMA revises syllabus
The Chartered Institute of Management Accountants (CIMA) has released this pres release regarding its syllabi. The following is the text…
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Remittances soar to $2.148 billion in six months
KARACHI (January 17 2003) : Remittances from overseas Pakistanis skyrocketed in first six months of the current fiscal year and…
