News
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Japan banks shiver as auditors flex muscles
The fate of Japan's top banks may lie in the hands of auditors. That is one of the strongest messages…
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Auditors brought to book in EU
The European Commission will unveil on Wednesday plans to overhaul audit practices and boost corporate governance to better protect investors…
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Islamic Bank offers soft-term finance to TCP for sugar export
KARACHI (May 21 2003) : Islamic Development Bank (IDB) has offered soft-term financing facilities to the Trading Corporation of Pakistan…
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State Life Insurance distributes Rs 6520 million as actuarial surplus to its policyholders
KARACHI (May 21 2003) : The State Life Insurance Corporation of Pakistan (SLIC) has distributed Rs 6520 million as actuarial…
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PwC eyes asset reconstruction segment
PricewaterhouseCoopers (PwC) is planning to enter the asset reconstruction sector in India and is in talks with financial institutions for…
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Stiff penalties proposed for errant auditors in India
Auditors, who conceal facts or deliberately fudge company accounts, will face a harsher set of penalties. The Companies (Amendment) Bill…
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£2.6bn court battle against Ernst and Young starts
Equitable Life today begins its court battle to appeal a ruling given in February that its former auditors Ernst &…
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Prime Minister to announce waiver of general sales tax from KEPZ units
ISLAMABAD (May 18 2003) : The government would soon formally announce withdrawal of general sales tax (GST) from the units…
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Pakistan International Container Terminal to get $9.25 million IFC loan
KARACHI (May 18 2003) : A loan agreement between International Finance Corporation (IFC) and Pakistan International Container Terminal Limited (PICT)…
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One specific sector will not be favoured with GST cut
ISLAMABAD (May 17 2003) : In order to keep uniform policy of 20 percent GST intact, the Central Board of…
