News
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FASB Mulling a Delay of Option-Rules Implementation
The Financial Accounting Standard Board in the US is considering changing the implementation date for it stock-option rules, after feedback…
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PWC resign as auditors of Atlantic Dawn
PricewaterhouseCoopers, the auditors of the company behind Atlantic Dawn, one of Europe's largest fishing vessels, have resigned, saying that proper…
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IASB Publishes Discussion Paper on Standards for SMEs
The International Accounting Standards Board (IASB) has published a Discussion Paper on its proposal to develop a separate set of…
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IFRIC publishes proposed guidance on members’ shares in co-operative entities
The International Financial Reporting Interpretations Committee (IFRIC) has released for public comment a draft Interpretation D8 Members’ Shares in Co-operative…
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Export refinance scheme limit extended
KARACHI (June 25 2004): The State Bank of Pakistan (SBP) on Friday has allowed banks to continue to avail refinance…
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IFRIC publishes proposed amendment to the scope of SIC-12
The International Financial Reporting Interpretations Committee (IFRIC) has released for public comment Draft Amendment D7 proposing an amendment to the…
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SBP to issue monetary policy on July 20
KARACHI (June 25 2004): State Bank will issue a statement next month to outline its monetary policy for the first…
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New reinsurance company being set up to focus on ECO and CARs
KARACHI (June 28 2004): A new company under the supervision of Pakistan Reinsurance Company (PRC) is being set up with…
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Bourses to deposit CVT and WT amount by 25th of every month
ISLAMABAD (June 29 2004): The Central Board of Revenue (CBR) has accepted a major demand of stock exchanges to deposit…
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40,000 small traders exempted from sales tax audit
ISLAMABAD (July 01 2004): Giving immunity from audit to over 40,000 small and medium entrepreneurs, the Central Board of Revenue…