News
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Islamic Banking: SBP receives three applications
KARACHI: Pervez Said, Director, Islamic Banking Department (IBD) of State Bank of Pakistan (SBP) disclosed on Friday that the central…
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CDC introduces ‘deposit functionality’
KARACHI: The Central Depository Company (CDC) introduced the deposit functionality through Investor Account Services (IAS), which would help retail investors…
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Banks’ entry into NBFI sector not feasible: SECP
KARACHI: Chairman Securities and Exchange Commission of Pakistan (SECP) Dr Tariq Hassan has said that banks’ foray into non-banking activities…
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GAAP reporting language formalized for Canada
Canadian accounting firms, consultants and software vendors have worked out a set of local terms to help speed adoption of…
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PWC: Net will power global media growth
The internet and new technologies are set to power growth in the global entertainment and media industry, according to a…
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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…
