News
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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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SBP revises NPLs reporting methodology
KARACHI (March 18 2004): The State Bank of Pakistan has revised the methodology for stating non-performing loans which makes it…
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UBL shows 63 percent growth in 2003
KARACHI (March 18 2004): The United Bank on Wednesday presented its first complete year financial statements after privatisation with a…
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CBR curtails auditors' visits to units under adjudication
ISLAMABAD (March 16 2004): The Central Board of Revenue (CBR) has asked the regional collectorates to restrict auditors' influence and…
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No refund against old power bills
ISLAMABAD (March 20 2004): The registered consumers of electricity are not entitled to claim 'input tax adjustment'/refund against the old…
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Sales tax refund section to stay open on holidays
KARACHI (March 21 2004): The refund section of the Collectorate of Sales Tax (Enforcement) will remain open on Sundays and…
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Judge halts KPMG fees in WorldCom dispute-source
A U.S. bankruptcy court judge on Friday halted payments to WorldCom accountants KPMG after a coalition of states said the…
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Shell denies auditor refused to sign accounts
Royal Dutch/Shell on Sunday denied a newspaper report that its joint auditor KPMG had refused to sign off accounts due…
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Ernst & Young to host regional tax conference in Dubai
Ernst & Young, the Middle East's largest assurance and business advisory firm, will host a regional conference to address vital…
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Europe and U.S. Near Accord on Joint Audit Supervision
The European Commission signaled on Tuesday that it might settle a longstanding dispute with the United States next week that…
