News
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NCEL working, a new crisis for SECP
KARACHI (February 17 2007): As if the crisis at the Karachi Stock Exchange was not enough, the Securities and Exchange…
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Watson Wyatt and Sidat Hyder form Consulting Alliance
KARACHI – January 06, 2007 – Watson Wyatt, a leading global consulting firm and Sidat Hyder, the Pakistan-based consulting firm,…
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AGP develops system-based audit
ISLAMABAD (January 05 2007): The Auditor General of Pakistan has worked out a new methodology for conducting system-based audit of…
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SBP pays Rs 29 billion under Long Term Finance for Export Scheme
KARACHI (December 23 2006): The State Bank of Pakistan has disbursed Rs 29 billion by December 20, 2006 under its…
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CBR audit officials denied access to records
ISLAMABAD (December 20 2006): The regional income tax officials have shown reluctance to provide tax records of different companies/units to…
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SECP Asks Listed Companies to Adopt IFRS
ISLAMABAD (December 20 2006): The Securities and Exchange Commission of Pakistan (SECP) has asked the listed companies to follow International…
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SBP relaxes rules for foreign companies for opening bank account
KARACHI (December 09 2006): The State Bank of Pakistan has decided to relax the condition of obtaining 'Board Resolution' and…
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SBP may get powers to penalise currency dealers
ISLAMABAD (November 28 2006): The government is likely to authorize the State Bank of Pakistan (SBP) to impose monetary penalties…
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CBR for following President's order on timeframe for adjudication
ISLAMABAD (November 28 2006): The Central Board of Revenue (CBR) has directed the collectors of sales tax to strictly follow…
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CBR to conduct last three years' sales tax, FED refund audit
ISLAMABAD (November 25 2006): The Central Board of Revenue (CBR) has decided to conduct audit of sales tax refund and…