News
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Advances against certain raw materials need no margins
KARACHI (October 30 2003): The new Prudential Regulations have put no margin requirement for advances against raw materials to manufacturing…
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National Bank's nine-month profit doubles
KARACHI (October 30 2003): The profit of National Bank of Pakistan Ltd, the country's largest lender by assets, rose twofold…
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Revenue Board opposes GST exemption on phosphatic fertiliser
ISLAMABAD (October 31 2003): Despite the support of three ministries, the Central Board of Revenue (CBR) has strongly opposed the…
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MCB declares 12.5 percent second interim dividend: net profit rises 41 percent in nine months
KARACHI (October 31 2003): The Muslim Commercial Bank declared a second interim dividend of 12.5 percent as its net profit…
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E&Y picks Ratan Tata for entrepreneurship award
Chairman of the Tata group of companies, Mr Ratan N. Tata, has been named the `Ernst & Young Entrepreneur of…
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Few CFOs ready for accounting changes: ACCA
Just 3 per cent of Australia's chief financial officers are confident they have come to grips with impending changes to…
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Rebate allowed on snacks export
ISLAMABAD (October 29 2003): The Central Board of Revenue (CBR) has given duty drawback on the export of snacks from…
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SBP issues new Prudential Regulations for corporate, SMEs and consumer sectors
KARACHI (October 29 2003): The State Bank of Pakistan on Tuesday issued three new separate Prudential Regulations for Corporate Banking,…
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Andersen appeal granted in Enron suit; delay seen
The first civil law suit involving Enron Corp. set for trial will be delayed again, after a Texas appeals court…
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KPMG sells dispute advisory services
Audit and tax firm KPMG has agreed to sell its dispute advisory services unit to FTI Consulting Inc. for $89.1…