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Pakistan, UNDP, ILO launch poverty reduction project

ISLAMABAD (November 24 2002) : Pakistan, United Nations Development Programme (UNDP) and International Labour Organisation (ILO) have launched a joint Project “Poverty Reduction through Employment Promotion and Better Distribution of Income” with an initial fund of $160,000 here on Saturday. Under this project UNDP will assist Government of Pakistan in analysing the progress of Poverty Reduction Strategy Paper (PRSP) in ...

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Pak-Afghan trade relations becoming tense

ISLAMABAD (November 24 2002) : Trade relations between Pakistan and Afghanistan have become tense as Kabul has refused to welcome Pakistan's Commerce Minister, sources told Business Recorder. “We extended two invitations to Pakistan Commerce Minister, asking him to visit Kabul, which have not been given weightage. Now it will be a shame for us if we welcome him here,” sources ...

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O'Neill says poverty, terror a challenge in Asia

NEW DELHI (November 25 2002) : Wrapping up a tour of three South Asian nations plagued by poverty and terrorism, US Treasury Secretary Paul O'Neill on Sunday rejected the idea the two were directly linked but added wealthy nations must help Afghanistan, Pakistan and India deal with both scourges. After a week in the region that featured a rapid visit ...

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ICAP Chief attends IFAC moot

Khaliq-r-Rahman, President, Institute of Chartered Accountants of Pakistan (ICAP), has attended the meeting of the International Federation of Accountants (IFAC) held recently in Hong Kong. This was announced by the Executive Director of ICAP, Aslam Dossa, in a statement here on Saturday. He said that during his stay in Hong Kong, the ICAP president also attended the Confedration of Asian ...

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New IFAC president named

The council of the International Federation of Accountants has appointed Rene Ricol of France as its new president in a meeting held at the World Congress of Accountants in Hong Kong. Ricol, who has been an IFAC board member since 1997, will hold the position of president for two years, beginning this month. In a key note address at the ...

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CBR launches tea traders' registration drive for general sales tax

ISLAMABAD (November 23 2002) : Taking a major step to broaden the general sales tax (GST) base, the federal tax authorities have launched a countrywide registration drive to bring thousands of local tea manufacturers, traders and suppliers into the tax net. The Central Board of Revenue (CBR) has estimated a reasonable increase in the sales tax collection probing sales tax ...

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Balloting of Income Tax returns for total audit on November 27

ISLAMABAD (November 23 2002) : The Central Board of Revenue (CBR) would hold computer balloting on November 27, 2002 for selection of income tax returns to conduct total audit under Self Assessment Scheme (SAS), official sources told Business Recorder on Friday. Previously, the authorities had set November 20-21, 2002 as final date for random ballot. However, the event was delayed ...

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Certain Accountants to Face Regulatory Control Post-Enron: IFAC

The International Federation of Accountants (IFAC) warned Thursday that certain IFAC members will need to accept the end of pure self-regulation and increasing external regulation in the post-Enron era. President of the IFAC Rene Ricol made the remarks in his closing speech at the World Congress of Accountants Thursday. “For most of our national organizations, it means the acceptance of ...

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Borrowing for budgetary support stays at Rs 3.16 billion

ISLAMABAD (November 21 2002) : The government borrowing for budgetary support remained at Rs 3.16 billion, which had federal government repaid Rs 16.3 billion and provincial government borrowed Rs 13.14 billion. The total stock of budgetary borrowing has reached now at Rs 509.17 billion. Federal government's borrowing from scheduled banks is Rs 115.27 billion, which had T-Bills and Securities of ...

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