News
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FASB Issues Exposure Drafts to Support Convergence of Global Accounting Standards
The Financial Accounting Standards Board (FASB) in the USA will issue four Exposure Drafts that would improve U.S. generally accepted…
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IASB issues revised standards 32 and 39 focussing on Financial Instruments
The International Accounting Standards Board (IASB) has issued revised versions of its two Standards dealing with financial instruments. IAS 32…
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IASB issues 13 revised accounting standards and withdraws IAS 15
The International Accounting Standards Board (IASB) has published 13 revised International Accounting Standards (IASs) and gave notice of the withdrawal…
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Habib Bank auction on December 29, bidders told
ISLAMABAD (December 16 2003): The Privatisation Commission (PC) has formally informed the three pre-qualified bidders that the bidding for acquisition…
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Rs 10,000 refund claims to be paid quickly
ISLAMABAD (December 14 2003): In a major move to facilitate small taxpayers, particularly salaried class, the Central Board of Revenue…
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Revenue Board forms steering group to oversee reform process
ISLAMABAD (December 14 2003): The Central Board of Revenue (CBR) has constituted a high powered Steering Group to oversee the…
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Body to complete demutualisation by mid next year: SECP to hire international and local experts
KARACHI (December 15 2003): Dr Tariq Hassan, Chairman, Securities and Exchange Commission of Pakistan (SECP), has said that regulatory plans…
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State Bank clarification about Non-performing Loans (NPLs)
KARACHI (December 13 2003): The State Bank on Friday sent clarification regarding the write-offs of irrecoverable loans and advances to…
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KPMG 'obstructed US tax inquiry'
The US Justice Department has accused accountancy firm KPMG of obstructing an investigation into tax shelters. According to a court…
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Pakistan to co-operate in Islamic banking with Bahrain
KARACHI (December 13 2003): Pakistan and Bahrain will co-operate in Islamic banking and finance along with other financial sectors. The…
