News
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New global accounting rules unveiled
New accounting proposals by the International Accounting Standards Board will force listed companies to deduct the cost of stock options…
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IMF lauds Pakistan's fiscal consolidation, foreign exchange reserves position
ISLAMABAD (November 08 2002) : In the conclusion of Article-IV consultations, the IMF Executive Board has concluded appreciation for consolidation…
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High public debt deters investment, Pakistan must do more to reduce poverty: IMF
ISLAMABAD (November 08 2002) : The Executive Directors of IMF Board have observed that high public debt burden of Pakistan…
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Government, private sector, other stakeholders reminded of WTO obligations
KARACHI (November 07 2002) : The Consultant to the Ministry of Commerce, Dr Tariq Banauri, has reminded the government, the…
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Karachi Stock Exchange introduces new badla system from November 11
KARACHI (November 07 2002) : Karachi Stock Exchange (KSE) has introduced new procedure of COT (Badla) financing for 10 trading…
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Securities, Exchange Commission asks companies to hold AGMs within 4 months
ISLAMABAD (November 07 2002) : The Securities and Exchange Commission of Pakistan has directed all the listed, unlisted and private…
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Task Force drafts six ordinances, one amendment in HBFC Act for Riba-free economy
ISLAMABAD (November 07 2002) : The final report submitted by the Task Force on legal matters to eliminate Riba (interest)…
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Pakistan's request for $1 billion write-off on track: US under-secretary
ISLAMABAD (November 07 2002) : Alan P Larson, the US under-secretary of State for Economic and Agriculture Affairs, said that…
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FASB and IASB Agree to Work Together toward Convergence of Global Accounting Standards
LONDON, United Kingdom: The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have issued a memorandum of…
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IFAC Task Force Focuses on Restoring Credibility in Financial Statements
(New York/October 18, 2002) – Improving the credibility of financial reporting worldwide is the objective of a new task force…
