News
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Insurance Companies to Recognise Impairment as of 31/12/08 for Dividend Distribution
KARACHI (February 20 2009): Insurance companies have been asked to recognise the impairment in valuation of investment as of December…
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ACCA to Launch Initiative Aimed at Enhancing Competitiveness of SMEs
An important part of ACCA’s institutional work towards public interest is to contribute to the growth of SMEs. ACCA has…
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SECP grants relaxation on accounting treatment for equity securities as required under IAS-39
ISLAMABAD (February 14 2009): The Securities and Exchange Commission of Pakistan (SECP) has granted relaxation in the accounting treatment for…
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SECP informs CCP it has authority to give exemptions and relaxations from IAS applicability
ISLAMABAD (February 13 2009): The Securities and Exchange Commission of Pakistan (SECP) has informed the Competition Commission of Pakistan (CCP)…
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CCP asks SECP not to issue directive on IAS-39 which would violate Competition Ordinance
ISLAMABAD (February 11 2009): The Competition Commission of Pakistan (CCP) has asked the Securities and Exchange Commission of Pakistan (SECP)…
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50 percent margin on sugar trade financing impsed by SBP
KARACHI (February 10 2009): As a step to curb sugar hoarding, the State Bank of Pakistan (SBP) on Monday imposed…
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ICAP Not Competent to Issue Relaxation on Application of IFRSs and IASs
KARACHI (February 10 2009): It is not within the ambit of Institute of Chartered Accountants of Pakistan (ICAP) to issue…
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ACCA Pakistan Awards Platinum Employer Status to Coca Cola Beverages Ltd
(Feb. 10, 2009 – Karachi) ACCA (Association of Chartered Certified Accountants) awarded Coca Cola Beverages Pakistan Ltd with Platinum Approved…
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SECP needs to suspend impairment in valuation of investment for Accounting Year 2008
KARACHI (February 08 2009): The Securities and Exchange Commission of Pakistan (SECP) needs to suspend the impairment in valuation of…
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CCP issues notices to four banks for advertising incorrect profit rates
ISLAMABAD (January 30 2009): The Competition Commission of Pakistan (CCP) has issued notices to four banks for advertising term/time deposit…