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ACCA Students Quiz Pakistan outshines UAE and Sri Lanka

ACCA Pakistan recently organized its fifth annual quiz for the CAT and ACCA students across the country. The regional contests were held in Lahore, Karachi and Islamabad on 23 August 2008 in which 21 teams from different ACCA tuition providers participated. The regional winners contested in Karachi and Rise School of Accountancy from Punjab region won the national title. The ...

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ICAP elects new President for 2008-09

The Council of the Institute of Chartered Accountant of Pakistan in its meeting held on August 26th 2008 elected office bearers for the year 2008-09. The Council unanimously elected Mr. Asad Ali Shah as President of the Institute and Mr. Farrukh Viqaruddin Junaidy as Vice President – South and Mr. Rashid Rahman Mir as Vice President – North. Mr. Asad ...

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ACCA Pakistan to Organize Annual Quiz

ACCA Pakistan is organizing its fifth annual quiz for the CAT and ACCA students across the country. The regional contest will be held in Lahore, Karachi and Islamabad on 23 August 2008 in which 21 teams from different ACCA tuition providers will participate. The regional winners will meet in Karachi on 30 August 2008 for the national championship. The national ...

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ACCA publishes agenda for sustainability and Corporate and Social Responsibility

The ‘business as usual’ model for organisations world-wide is no longer an option in this sustainable age, says ACCA (the Association of Chartered Certified Accountants) yesterday as it published its Sustainability Agenda for Action called Going Concern? Allen Blewitt, ACCA’s chief executive, said: “Our commitment to the sustainability agenda sets a benchmark to which all professional bodies and associations should ...

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ACCA Pakistan awards Afghan Graduates

ISLAMABAD – A number of international donor agencies have recently reported that there is a burning issue of lack of trained accounting professionals in Afghanistan. The agencies are primarily concerned about the sustainability of development and other projects in the absence of structured accounting processes in Afghanistan. Certified Accounting Technician (CAT) Qualification offered by ACCA has emerged as the qualification of ...

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Finance Bill 2008 – Full Text

Thursday, June 12, 2008 – ISLAMABAD: Finance Minister Naveed Qamar on Wednesday presented the Finance Bill to give effect to the financial proposals of the federal government for the year beginning on the first day of July, 2008, and to amend certain laws. Following is the text of the bill. WHEREAS it is expedient to make provisions to give effect ...

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Highlights of the Economic Survey of Pakistan 2007-08

Islamabad, June 10 – The Economic Survey of Pakistan for the year 2007-08 was released today by the Ministry of Finance. The following are the salient features and highlights of this survey. 01. GROWTH AND INVESTMENT – Real GDP grew by 5.8 percent in 2007-08 as against 6.8 percent last year and growth target of 7.2%. The economy has shown ...

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Redundant provisions in ITO 2001 related to dividend tax to be deleted

ISLAMABAD (June 09 2008): The Federal Board of Revenue (FBR) is likely to amend the Income Tax Ordinance 2001 in the 2008-09 budget to abolish redundant provisions relating to the taxation of dividend. Sources told reporters on Sunday that there was a separate system for taxation on dividend under the Ordinance 2001. The dividend income is covered under presumptive tax ...

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New sales tax return not workable: Sales Tax Bar Association

KARACHI (June 09 2008): The proposed new sales tax return, being implemented from coming budget, is not workable and could create difficulties for taxpayers owing to its amendments, which are not considerable in Sales tax Act. This was stated by Karachi Sales Tax Bar Association (KSTBA) in its comments regarding new sales tax return implementation. The bar has sent its ...

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FBR may remove procedural flaws in EOUs and SME rules

ISLAMABAD (June 09 2008): The Federal Board of Revenue (FBR) is likely to remove procedural flaws in the Export-Oriented Units (EOUs) and Small and Medium Enterprises Rules, 2008, in coming budget, which have created serious problems for collectors of customs in issuance of fresh licenses to the applicant units. Sources told reporters on Sunday that the sketchy rules have confused ...

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