News
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Rs 5 billion to be spent on Pakistan Steel expansion Phase-I
RAWALPINDI (January 13 2003) : Federal Minister for Industries and Production, Liaquat Ali Khan Jatoi, has said that Rs 5…
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KPMG appoints new partners, director
KPMG last week announced it appointed two new partners and a director. Anthony Pace has been appointed Tax partner, David…
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Insurers balk at accounting rules
Leading life insurers have attacked plans for new accounting standards, saying they threaten to “shoehorn” life assurance into processes developed…
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Revenue Board revises duty drawback rates on polyester cotton
SIALKOT (January 12 2003) : Central Board of Revenue (CBR) has revised the rates of duty drawback on export of…
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FASB Considers Revised Stock Option Rules, Releases FAS 148
The Financial Accounting Standards Board in the USA may take another look at requiring companies to count stock option expenses…
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SBP issues new 'Master Circular' for banks audit
KARACHI (January 12 2003) : The State Bank on Saturday issued a master circular with consolidated instructions, to facilitate banks…
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Income tax relief to power plant investors not withdrawn
ISLAMABAD (January 12 2003) : The Central Board of Revenue (CBR) has clarified that the tax concessions given to the…
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Bed linen exports to European Union halt as EPB suspends issuing licences
FAISALABAD (January 12 2003) : Exports of bed linen items to European Union has come to a halt as Export…
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PSO privatisation: Commission holds briefing for defence ministry on January 29
ISLAMABAD (January 12 2003) : The arrangements for privatisation of the Pakistan State Oil is in final stage and Privatisation…
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Federal Tax Ombudsman rejects Revenue Board viewpoint
ISLAMABAD (January 12 2003) : The Federal Tax Ombudsman has turned down the clarification of Central Directorate of National Savings…
