News
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67.45 percent rise in National Saving Schemes investment in four months
KARACHI (December 23 2002) : Investments in National Saving Schemes (NSS) ballooned by 67.45 percent in the four months up…
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Flaws in new 'Registration Rules' pointed out
ISLAMABAD (December 23 2002) : After thorough scrutiny of 'Registration and De-registration Rules, 2002', leading chartered accountant firms and sales…
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1.64 percent drop in banks' mark-up rate in four months
KARACHI (December 23 2002) : The average interest rate Pakistan's banks charge on loans to companies and consumers fell by…
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Nine public corporations owe Rs 286 billion in liabilities
ISLAMABAD (December 23 2002) : Total outstanding debt and liabilities are Rs 286.04 billion of nine government sector corporations and…
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United Bank Limited to provide $14.3 million trade facilities to Mobilink
ISLAMABAD (December 23 2002) : Mobilink has signed a Memorandum of Understanding (MoU) with United Bank Limited to obtain structured…
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Post-Enron accounting firms thrive despite reforms
NEW YORK, Dec 23 (Reuters) – With the Enron-Andersen scandal looming over the accounting industry like a malignant growth at…
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Accountant Admits to Role in Scheme
An accountant from Tennessee in the US accused of helping defraud insurance companies in five states of more than $200…
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Ernst & Young, law firms sued 1 billion dollars over tax shelters
NEW YORK, Dec 22 (Reuters) – Former clients have sued accounting firm Ernst & Young and two law firms for…
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SBP allows prepayment of foreign private loans
KARACHI (December 22 2002) : The State Bank of Pakistan has allowed prepayment of foreign private loans, a move to…
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Paris Club rescheduling to bring 40 percent cut in net present value
ISLAMABAD (December 22 2002) : With the cancellation of debt, debt swaps and interest rate reduction, the relief from Paris…
