News
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Revenue Board clarification: 15 percent sales tax chargeable on supply of ghee and cooking oil
ISLAMABAD (July 18 2003) : The Central Board of Revenue (CBR) has clarified for the convenience of general public and…
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Revenue Board delays clearance of Afghan transit cargo
KARACHI (July 16 2003) : Despite repeated announcements by the high-ups in the Ministry of Finance that the SRO culture…
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Tax managers term ghee mill owners demand impracticable
ISLAMABAD (July 16 2003) : Terming ghee mill owners demand of 15 percent value addition in input price impracticable, the…
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Al-Zamin Modaraba to issue Rs 250 million Islamic bonds
KARACHI (July 16 2003) : Al-Zamin Leasing Modaraba is to sell next month bonds worth 250 million rupees, being first-ever…
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Reporting of return on deposits; government to review State Bank decision
KARACHI (July 15 2003) : The government will review the recent decision of State Bank of Pakistan, which requires banks…
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Hindrance in tax collection reporting: Revenue Board rescinds Peshawar Custom House letter
ISLAMABAD (July 15 2003) : The Central Board of Revenue (CBR) has rescinded a letter issued by Custom House, Peshawar,…
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Allied Bank profit jumps by 125 percent
KARACHI (July 15 2003) : Allied Bank of Pakistan has earned an operating profit of Rs 1.5 billion during first…
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Accounting Firms Settle Enron Suit
In the first settlement of a lawsuit resulting from the collapse of the Enron Corporation two years ago, the network…
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EU to press for more bank-friendly accounting rules
The European Union will turn up the heat on experts drafting global accounting standards to prevent the rules from damaging…
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First IFRS is published
An international reporting milestone has been passed by the publishing of the first standard developed wholly by the International Accounting…
