News
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Change in Income Tax Ordinance 2001 to Check Misuse of Remittances
ISLAMABAD (May 21 2006): The government is examining a proposal to amend the Income Tax Ordinance 2001 for checking the…
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Sale of Union Bank to Standard Chartered Bank in process
KARACHI (May 17 2006): The Standard Chartered Bank (SCB) has initialled an agreement with a Saudi combine to acquire 66…
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ICMAP Budget Suggestions: ITMS suggested to arrest tax evasion
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has estimated that a record sum of Rs180 billion…
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Banks allowed to directly remit freight charges abroad
KARACHI (May 16 2006): The State Bank of Pakistan (SBP) has allowed the authorised dealers to effect remittances of locally…
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SBP reduces duty drawback on export of PVC
ISLAMABAD (May 07 2006): The Central Board of Revenue (CBR) has reduced duty drawback on export of Polyvinyl Chloride (PVC)…
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ACCA Pakistan Submits Budget Proposals
KARACHI: International financial and accounting body ACCA has suggested to policy makers in the Central Board of Revenue (CBR) what…
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ICAP announces Foundation/Intermediate Spring 2006 examination results
KARACHI, May 02, 2006: The Institute of Chartered Accountants of Pakistan (ICAP) has announced the results of its Foundation/Intermediate Spring…
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SECP suggests amendments to NBFC rules
KARACHI (April 29 2006): The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments in 'Non-Banking Finance Companies (Establishment…
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ICAP submits pre-budget recommendations for various industries
KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) has submitted its pre-budget recommendations with regard to textiles, oil and…
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HBL gets asset management services licence
KARACHI (April 17 2006): HBL Asset Management Limited, a subsidiary of Habib Bank Limited, has been licensed by the Securities…