News
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Provisional sales tax registration allowed
ISLAMABAD (April 07 2004): Noticing the delay in sales tax registration of importers and manufacturers, the Central Board of Revenue…
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SBP to educate banks on SME lending
KARACHI: The State Bank of Pakistan (SBP) will pursue and educate commercial banks to extend loans to Small and Medium…
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ICAP – Last date of form submission for Summer 2003 Professional/Final exams
Monday April 12, 2004, is the last day for submission of Summer 2004 ICAP Professional/ Final Examination forms. After that…
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SBP asks banks to comply with prudential rules
KARACHI (April 02 2004): The State Bank of Pakistan (SBP) has explained that prudential regulations represented minimum standards that the…
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SECP penalises three listed companies
KARACHI (April 02 2004): The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties of Rs 95,000 on the…
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IASB moves towards US GAAP on Asset Disposals and Discontinued Operations
The International Accounting Standards Board (IASB) has issued requirements relating to asset disposals and discontinued operations. The requirements, which are…
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New IFAC Guidance Addresses Anti-Money Laundering and the Role of the Professional Accountant
Governments, regulators and the global business community are increasingly calling on accounting practitioners to contribute to the battle against money…
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FASB announces options expensing rule
Renewing one of the most politically controversial battles in financial history, accounting rule-makers in the US have announced a formal…
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IASB Issues Standards on Business Combinations, Goodwill and Intangible Assets
The International Accounting Standards Board (IASB) has issued International Financial Reporting Standard 3 Business Combinations (IFRS 3), and revised Standards…
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IASB Issues Standard on Insurance Contracts
The International Accounting Standards Board (IASB) today issued International Financial Reporting Standard 4 Insurance Contracts (IFRS 4). The publication of…
