News
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New business reporting model beginning to emerge-timeliness, reliability, transparency to improve
For nearly a decade, the AICPA has advocated a modernized financial reporting process that provides more and better information from…
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AICPA increases emphasis on industry-specific accounting guidance
Last month's public statement by the Financial Accounting Standards Board announcing plans to streamline the accounting rulemaking process is consistent…
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Nonaudit services on the decline
Following the recent series of corporate accounting scandals in the United States, audit firms are performing less nonaudit work for…
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Major shipping companies cut rental for 40-foot Genset container
KARACHI (December 29 2002) : The Major shipping lines have reduced rental for a 40-foot container, fitted with generating sets…
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Income Tax exemption applicable to coal-gas-fired power plants
ISLAMABAD (December 29 2002) : The government has announced that the coal and gas-fired power plants would continue to enjoy…
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Duty drawback allowed on ceramics, pottery items
ISLAMABAD (December 29 2002) : The Central Board of Revenue (CBR) has given duty drawback facility on the export of…
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Accountants may pull out of audits
The big four accountancy firms may be forced to pull out of auditing in the next 12 months because of…
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KSE index settles at all-time high, volume sets new record
KARACHI (December 28 2002) : Equities on the Karachi Stock Exchange, after a strong tussle, reached the all-time high of…
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New procedure for recovery of excess sales tax refund
ISLAMABAD (December 28 2002) : Tightening laws for the exporters registered with the sales tax department, the Central Board of…
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SECP penalises five companies
ISLAMABAD (December 28 2002) : The Enforcement and Monitoring Division (EMD) of Securities and Exchange Commission of Pakistan (SECP) has…
