Economic and Finance News
-
Application of IAS-17 to modarabas deferred
KARACHI: Securities and Exchange Commission of Pakistan (SECP) has absolved modaraba companies – engaged in operating lease business – from…
-
MCB earns Rs 2.23 billion, declares 10 percent bonus
KARACHI (February 17 2004): The profit of the Muslim Commercial Bank Limited (MCB) for the year ended December 31, 2003…
-
Franchise arrangements for exchange companies laid down
KARACHI (February 15 2004): The State Bank of Pakistan (SBP), in order to facilitate the exchange companies which have been…
-
MCB may announce 27 percent profit growth on February 16
KARACHI (February 16 2004): The banking giant, Muslim Commercial Bank, might record a growth of as much as 27 percent…
-
'Section 40-B not misused to check Sales Tax evasion'
ISLAMABAD (February 16 2004): The Central Board of Revenue (CBR) has not yet exercised option under Section 40-B of the…
-
National Stock Exchange to be formed to integrate all trading activities
ISLAMABAD (February 14 2004): Chairman Islamabad Stock Exchange (ISE), Omer Iqbal Pasha on Friday said that they were heading towards…
-
Corporate Banking Regulations amended
KARACHI (February 11 2004): The State Bank on Tuesday made amendments in the Prudential Regulations for Corporate and Commercial Banking.…
-
Rules for Banks and DFIs: brokerage subsidiaries be kept at arms length
KARACHI (February 11 2004): The State Bank on Tuesday emphasised the need to ensure that the relationship between a bank…
-
Import of new and old cars allowed: Cabinet reduces duties on small CKD, CBU vehicles
ISLAMABAD (February 12 2004): The Federal Cabinet on Wednesday decided in principle to allow import of cars, both new and…
-
Seven non-binding indicative bids received for 'Dalda'
KARACHI (February 12 2004): Unilever Pakistan Ltd has received seven non-binding indicative bids from local as well as international companies…
