News
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New list of locally-made goods for sales tax concession
ISLAMABAD (August 31 2007): The Federal Board of Revenue (FBR) has issued a new list of 906 'locally manufactured goods'…
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Demutualisation Act to be introduced: SECP
LAHORE (August 21 2007): The chairman, Securities and Exchange Commission of Pakistan (SECP), Razi-ur-Rehman Khan has said that work on…
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Accounting Firm BDO Seidman to Pay $170 million
Aug. 15, 2007 (Associated Press) — MIAMI – Accounting firm BDO Seidman must pay $170 million in compensation and provide…
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'Vigilance Wing' empowered to probe tax fraud cases
ISLAMABAD (August 14 2007): The Vigilance Wing of Directorate-General, Intelligence and Investigation, Federal Board of Revenue (FBR), has been empowered…
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SECP issues draft of private equity fund rules
ISLAMABAD (August 14 2007): The Securities and Exchange Commission of Pakistan (SECP) has issued the draft 'Private Equity and Venture…
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Japan Agrees to IFRS Convergence by 2011
Ikuo Nishikawa, Chairman of the Accounting Standards Board of Japan (ASBJ), and Sir David Tweedie, Chairman of the International Accounting…
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India announces convergence with IFRSs for public interest entities from 2011
The Council of the Institute of Chartered Accountants of India, at its 269th meeting being held these days at New…
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IIA Offers New Tools for CIA Exam Preparation
The Institute of Internal Auditors has developed a new tool to provide internal auditors with the best possible preparation methods…
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Highlights of the Rs 1.599 Trillion 2007-08 Federal Budget
ISLAMABAD: The federal budget for 2007-08 with an outlay of Rs 1.599 trillion presented in the National Assembly on Saturday…
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Tax neutrality for acquisition and mergers
ISLAMABAD (June 10 2007): The federal government on Saturday realigned its taxation rules allowing establishing of holding companies and providing…
