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SECP Approves Futures Contract in Cotton for Commodities Market

ISLAMABAD (May 06, 2011) – The Securities and Exchange Commission of Pakistan (SECP), as part of its mandate to develop and strengthen the commodities market, has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for introduction of the futures contract in cotton. The new futures contract adds to the existing agriculture futures contracts portfolio of the PMEX, said a ...

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SECP Registered 338 Companies in April 2011

ISLAMABAD (May 03, 2011) – The Securities and Exchange Commission of Pakistan (SECP) has registered 338 companies in April 2011, whereas 342 companies were incorporated last month and 322 in the corresponding month of last year. The private companies have a major share in new incorporation totaling 306 companies. In addition, 22 single-member companies, 2 public unlisted companies, 5 non-profit ...

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Meezan Bank Records 61% Growth in Quarterly Post-tax Profit

KARACHI (May 02, 2011) – Meezan Bank recorded 61% growth in its post-tax profit for the quarter ended March 31, 2011. A statement said here on Monday that the Profit after tax for the quarter increased to Rs.586 million as compared to Rs.364 million in the corresponding quarter last year. It said that the Board of Directors of Meezan Bank ...

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HEC Recognizes ACCA Qualification as Equivalent to Masters Degree

KARACHI (April 30, 2011) – The Higher Education Commission of Pakistan (HEC) has granted equivalence to ACCA qualification to a Masters level degree. A circular issued by HEC states that: “HEC recognizes the membership of Association of Chartered Certified Accountants (ACCA) after completion of professional qualification and other requisites including training and required professional experience as equivalent to Masters in ...

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ACCA to Hold Pre-budget Seminar with Focus on Growth of Businesses

KARACHI (April 25, 2011) – Encouraging Enterprise Growth of Business is the theme of ACCA Pre budget discussions for 2011. ACCA is holding a pre-budget seminar 27 April, 29 April and 5 May in Lahore, Karachi and Islamabad respectively. These discussions are aimed to bring policy makers and key stakeholders on a platform to discuss the key recommendations for revival ...

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ACCA Pakistan Recognises Outstanding Achievement of Peshawar Student

KARACHI (April 18, 2011) – Ansar Ahmad from Peshawar in Pakistan is one of 33 students to win a global award from ACCA (the Association of Chartered Certified Accountants) for outstanding performance in their 2010 exams. Ansar Ahmad is an ACCA Prizewinner for ranking third in the Certified Accounting Technician (CAT) exams. In 2010, over 205,000 students sat ACCA exams. ...

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ACCA Pakistan Holds New Member Ceremony

KARACHI (April 07, 2011) – ACCA Pakistan held its New Member Ceremony at the historic Mohatta Palace in Karachi to celebrate the achievement of new ACCA members who have attained the membership milestone during the period 2009-2010. The ceremony commenced with welcome address, delivered by Mr Mubashir Dagia, Chairman ACCA Pakistan members' network panel who welcomed the new ACCA members ...

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Record Numbers Appear for ACCA Exams

KARACHI (February 25, 2011) – Results from the ACCA (Association of Chartered Certified Accountants) examinations in December reveal that a record 205,000 sat papers, with more than 6,000 taking a major step towards membership of the global body for professional accountants. Candidates around the world took more than 397,000 papers, with 6,420 students successfully completing their final ACCA exams and ...

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ACCA Launches New Suite of Awards: Foundations in Accountancy

KARACHI (January 31, 2011) – ACCA (the Association of Chartered Certified Accountants) has launched Foundations in Accountancy, a new flexible suite of entry-level awards, designed to meet the needs of both students and employers. Foundations in Accountancy was created after detailed consultation with employers, learning providers, members, students and other professional accountancy bodies and regulators. Foundations in Accountancy provides a ...

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ACCA Brings Finance Employers and Trainees Together through Talent Gymanisum

ISLAMABAD (January 21, 2011) – ACCA Pakistan today organised Talent Gymnasium, an exciting event that served as a unique platform for dual objectives of honing professional skills of finance and accounting trainees and bringing together ACCA’s key employers and talented trainees in Islamabad. The Talent Gymnasium featured a perfect mix of professional skills workshops on interpersonal skills and team skills ...

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