News
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KPMG talks of implementing IAS globally
KPMG, one of the world's largest accounting firms, plans to enhance efforts to have countries adopt by 2005 a set…
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The last gasp at Andersen
Arthur Andersen, the auditor, had by the fall of 1940 made enough of a mark on the accounting profession that…
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Unilever keeps faith with PwC despite higher charges
Unilever, the consumer goods giant, has reappointed PricewaterhouseCoopers as its auditor despite the accounting firm's decision to raise its fees.…
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Auditors crack whip, preach tough love post-Enron
NEW YORK, Dec 30 (Reuters) – Accounting firms, after months of criticism that they were too cozy with their audit…
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Auditor's insurance fees skyrocket
Insurers are raising the fees they charge accounting firms because of heightened concern over recent balance-sheet scandals and some insurers…
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Three percent additional sales tax on spun yarn removed
ISLAMABAD (December 31 2002) : Giving major tax relief to the textile industry, the government has exempted the manufacturer-cum-suppliers of…
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KSE outperforms world stock markets, registers 109 percent growth
KARACHI (December 30 2002) : The Karachi Stock Exchange (KSE) during 2002 registered a significant growth of 109 percent and…
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86 percent growth in foreign exchange reserves helps strengthen rupee
KARACHI (December 30 2002) : The country's foreign currency reserves in the calendar year 2002 recorded an unprecedented improvement of…
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Cut in leasing rates pushes car sales up
KARACHI (December 30 2002) : Leading car producers in Pakistan are all set to earn good profits in the current…
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WAPDA revises bonds rate to 7.25 percent
KARACHI (December 30 2002) : The Water and Power Development Authority (Wapda) has revised its rate of return on Rs…