News
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Remittances swell 170 percent in four months
KARACHI (November 17 2002) : The home remittances have shown a growth of 170 percent in the first four months…
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Government's failure in simplifying sales, income tax resented
HYDERABAD (November 17 2002) : Trading community leaders were critical of the government failure in simplifying the Sales and Income…
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Ordinance issued: Non-banking finance companies asked to get licence from Securities, Exchange Commi
ISLAMABAD (November 16 2002) : The government has issued Companies (Second Amendment) Ordinance which asks every non-banking finance companies (NBFCs)…
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Government to cut defence expenditure to 3.6 percent of GDP
ISLAMABAD (November 16 2002) : In case of any unforeseen developments, which could threaten the fiscal deficit target, the government…
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BDO Seidman Withdraws Suit
Chicago (Nov. 15, 2002) BDO Seidman has withdrawn a lawsuit which sought to release documents that contradicted statements by Public…
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PwC showcases staff's ethical credentials
PricewaterhouseCoopers, the world's largest accountancy, yesterday stepped up a campaign to demonstrate ethical credentials with a financial review emphasising “the…
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Retired Partner at Andersen Sues Three Rival Firms
A retired partner of Arthur Andersen, who lost $2.2 million in benefits when the firm collapsed, is suing three accounting…
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Former Andersen chief dismayed by Big Four's attitude
Joe Berardino, the former chief executive of Arthur Andersen, is warning the rest of the accounting industry that it risks…
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Banks, financial institutions allowed for asset securitisation through special purpose vehicle
KARACHI (November 16 2002) : The State Bank on Friday allowed banks and development financial institutions to participate in assets…
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Petroleum prices cut by Rs 3 per litre
ISLAMABAD (November 16 2002) : The government on Friday cut down petroleum products prices by 1.5 percent to 8.6 percent…