News
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Faysal Bank earns Rs 2.15 billion net profit in 2003
KARACHI (March 30 2004): Faysal Bank Limited has earned the profit highest amongst banks in Pakistan as Rs 2.15 billion…
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PIA net profit likely to grow by 47 percent
KARACHI (March 30 2004): Pakistan International Airlines (PIA) net profit is expected to record an increase of 47 percent for…
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Revenue Board to issue Sales Tax Guide shortly
ISLAMABAD (March 29 2004): To facilitate the business community, the Central Board of Revenue (CBR) would shortly issue a Sales…
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Adamjee Insurance defers 2003 accounts announcement
KARACHI (March 31 2004): Adamjee Insurance Company has deferred the announcement and approval of the annual accounts for the year…
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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…
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Pak-Kuwait to launch Islamic insurance unit
KARACHI (March 26 2004): Pak-Kuwait Investment Company plans to launch Islamic insurance company in Pakistan and has established an Asset…
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NBP posts all-time high pre-tax profit
KARACHI (March 27 2004): National Bank of Pakistan pre-tax profit reached an all-time high level and was highest in the…
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CDC reduces custody fee on shares
KARACHI (March 27 2004): The Central Depository Company (CDC) has again reduced the custody fee charged on shares (equity securities)…
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DTRE scheme: Starr data to be used for allowing tax-free import
ISLAMABAD (March 27 2004): The Central Board of Revenue (CBR) has decided to use exporters' information in the Sales Tax…
