General
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IFRS – US convergence of accounting standards
We are rapidly heading towards a world where there are two main financial reporting systems - US GAAP accounting, used…
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A Critical Appraisal of Finance Bill, 2006
In the news appearing in the daily press regarding upgrading of Pakistan's ratings, there appears to be an intention to…
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Taxonomy of Dividend under Income Tax Ordinance, 2001
Taxation of dividend in Pakistan is quite unique in its treatment compared to similar statutes of the rest of the…
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Fostering Regional Hubs Budget
The global environment is undergoing rapid changes; in particular following the macro-economic control and reforms of state enterprises, the government…
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Taxation of Takaful Insurance
Takaful insurance is the talk of the town these days and even though not a single company has started its…
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Offshoring Q&A
Offshoring, despite the political controversy surrounding it, shows no sign of waning. In fact, just the opposite appears true. A…
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IAS 17- Changing Facemask
Liven a’ big machine, IAS 17 “Leases” has ever been just a small part but stimulated a sizeable debate since…
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A jettison for corporate sector difficulties
Jettisoning is the act of voluntarily throwing cargo overboard to lighten or stabilize the ship that is in immediate danger.…
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A case for re-writing Companies Ordinance, 1984
Accounting professionals in Pakistan believe that the Companies’ Ordinance, 1984 was promulgated by intentionally making the decades old Companies Act…
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Takaful Insurance Business
The astonishing results of the much underestimated Islamic Banking in Pakistan have compelled the decision makers of normal interest-based banks…
