News
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Bankers wary of discount rate cut implications
KARACHI (November 18 2002) : The cut in State Bank of Pakistan's discount rate alone will not reduce the arbitrage…
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Revenue Board cancels ruling for input tax adjustment
ISLAMABAD (November 18 2002) : While withdrawing certain concessions of using banking instruments for payments against the purchase of taxable…
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Karachi Stock Exchange listed commercial banks' profits almost doubled
KARACHI (November 18 2002) : The profits of commercial banks listed at the Karachi Stock Exchange (KSE) nearly doubled in…
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USAID agreement: Strategic objective grant agreement between US, Pakistan for education sector refor
ARTICLE (November 18 2002) : Purpose: The purpose of this Strategic Objective Grant Agreement (the “Agreement”) is to set out…
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Moody's raises Pakistan's foreign debt rating to 'Positive'
ISLAMABAD (November 19 2002) : Moody's Investors Service, a credit rating agency, has raised outlook to 'Positive' from 'Stable' on…
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Many firms still in trouble, says KPMG
The high number of companies announcing profit warnings, redundancies and significant restructuring has continued for the second quarter in a…
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Survey: Staffing Remains Top Issue for Firms
New York (Nov. 18, 2002) – Forget Enron and Sarbanes-Oxley and auditor independence. What keeps accounting firm managing partners awake…
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State Bank slashes discount rate to 7.5 percent: 5th cut in 15 months
KARACHI (November 17 2002) : The State Bank of Pakistan has slashed the discount rate by 1.5 percent, from 9…
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July-October foreign direct investment inflow up by 234 percent
ISLAMABAD (November 17 2002) : The flow of foreign direct investment during July-October 2002 period increased by 234 percent as…
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Board of Investment estimates to attract $1 billion as direct foreign investment
KARACHI (November 17 2002) : The Board of Investment has estimated to attract one billion dollars as direct foreign investment…
