News
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IASC Foundation and XBRL Primary Financial Statements (PFS) Taxonomy Release
The International Accounting Standards Committee Foundation and XBRL International (xbrl.org) have developed a comprehensive eXtensible Business Reporting Language (XBRL) taxonomy…
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Investment companies, adviser rules to be amended
KARACHI (December 04 2002) : The Adviser to the Prime Minister on Finance and Economic Affairs, Shaukat Aziz, said here…
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Drawback facility accorded for viscose fibre
ISLAMABAD (December 04 2002) : Adding 'modal viscose staple fibre' in the list, the Central Board of Revenue (CBR) has…
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Clearance of wrongly picked audit cases in 15 days made mandatory
ISLAMABAD (December 04 2002) : The Central Board of Revenue (CBR) has made it mandatory for the income tax officials…
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Harvard Professor: Audit Fraud Not the Real Problem
Cambridge, Mass. (Dec. 4, 2002) – Although requiring audit firms to check each other’s work might prove useful in reducing…
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KPMG Reports 3.9 Percent Growth
New York (Dec. 3, 2002) – KPMG International’s revenue rose just 3.9 percent to $10.7 billion over the past year,…
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ICAP issues notification regarding Income Tax Ordinance 2001
ICAP has released the following notification regarding Income Tax Ordinance 2001: CA\DEX\GEN/46/2002 November 27, 2002 This is to notify that…
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Central Board of Revenue processes hundreds of sales tax returns erroneously
ISLAMABAD (December 03 2002) : The Central Board of Revenue (CBR) has processed hundreds of sales tax returns erroneously causing…
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Bank holidays notified
KARACHI (December 03 2002) : The State Bank of Pakistan, Karachi office, SBP BSC (Bank) inclusive of public debt office…
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Pakistan to launch first satellite on December 23
ISLAMABAD (December 03 2002) : Pakistan's first geo-stationary satellite will be in place on the 23rd of this month. This…
