News
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'Concessional rate' of GST for new service providers under study
ISLAMABAD (March 06 2004): The government is examining a proposal to introduce 'concessional rate' of general sales tax (GST) for…
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Pakistan Steel product prices again increased
KARACHI (March 05 2004): Unprecedented and frequent upward revision in the prices of steel products by Pakistan Steel Mills is…
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Islamic banking has growth potential: SBP governor
KARACHI (March 05 2004): State Bank of Pakistan Governor Dr Ishrat Husain said on Thursday Islamic banking has been provided…
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NBP and Citibank announces execution of Pakistan's first Coupon Swap
KARACHI (March 05 2004): The National Bank of Pakistan (NBP) and Citibank N.A. on Thursday announced successful arrangement and execution…
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Hubco declares 16 percent dividend for July-December
KARACHI (March 05 2004): Hub Power Company, which operates the largest non-state power plant in Pakistan, declared a dividend of…
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Hong Kong accountants demand greater transparency
An overwhelming majority of accountants believe that much greater transparency in financial reporting is required from Hong Kong's listed companies.…
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Parmalat's Auditors Opt to Not Meet Prosecutors
With Italian prosecutors heading for criminal charges in the Parmalat case within days, Deloitte & Touche said that two partners…
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CBR to simplify GST collection on Customs agents' services
ISLAMABAD (March 02 2004): The Central Board of Revenue (CBR) is working to simplify procedure of general sales tax (GST)…
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Malaysia to introduce new Islamic accounting standards next year
The Malaysian Accounting Standards Board (MASB) will introduce new Islamic accounting standards on Ijarah (leasing) in the first quarter of…
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KPMG denies funding US presidential candidates
Amid reports that Dutch companies are among the largest foreign financial backers of candidates seeking the US presidency, KPMG Netherlands…
