News
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Customs asked to furnish imports, refunds details
ISLAMABAD (January 03 2003) : At the time when Central Board of Revenue (CBR) announced certain concessions to the commercial…
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Hubco not liable to taxation in Pakistan
KARACHI (January 03 2003) : Hub Power Company in a release issued on Thursday said that the company is not…
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Non-compliance of minimum paid-up capital: 12 insurance companies stopped from further business
KARACHI (January 02 2003) : The Securities and Exchange Commission of Pakistan (SECP) has directed 12 insurance companies to cease…
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Subsidiaries allowed for Islamic banking
KARACHI (January 02 2003) : The State Bank of Pakistan on Wednesday authorised the commercial banks to set up subsidiaries…
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CBR to conduct 'desk audit' of taxpayers
ISLAMABAD (January 02 2003) : While terming the performance of sales tax auditors as below standard, the Central Board of…
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New Jubilee Insurance acquires Commercial Union in Pakistan's general insurance business
KARACHI (January 02 2003) : The New Jubilee Insurance Co has acquired the general insurance business of Commercial Union in…
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Plan for pensioners soon: profit rates on savings schemes reduced
ISLAMABAD (January 02 2003) : The dawn of the New Year witnessed the scaling down of the profits on the…
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Changing the Definition of Cash Flow Helped Tyco
Tyco International told investors yesterday that they could not trust its previously reported sales and profits. It did not mention…
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Accounting firm loses first round in fight over tax shelter documents
WASHINGTON (AP) — Accounting firm KPMG LLP must disclose some of its private dealings with clients so that a judge…
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Pricewaterhouse Taking a Stand, and a Big Risk
PricewaterhouseCoopers, world's largest accounting firm, has taken a risky public stance in favor of better, more thorough and more detailed…
