News
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Global economy discussion gets personal – with launch of new ACCA site
ACCA (the Association of Chartered Certified Accountants) has recently launched a dedicated new micro site which gives its members an…
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SBP Allows Banks to Use Market Price of Dec. 31, 2008 for Listed Securities
KARACAHI (January 28 2009): In order to avoid subjectivity in mark to market of investments held by banks, the State…
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Prudential Regulations Amended – Banks to Avail 30 Percent FSV Benefit of Collateral
KARACHI (January 28 2009): State Bank of Pakistan has allowed the banks to avail 30 percent benefit of Forced Sale…
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SBP Allows One-year Grace Period on Long Term Financing Facility
KARACHI (January 23 2009): The State Bank of Pakistan (SBP) has given a one year grace period on loans availed…
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SECP Issues Draft of Companies Buy-back of Shares Regulations, 2009
ISLAMABAD (January 23 2009): The Securities and Exchange Commission of Pakistan (SECP) has issued draft of the “The Companies (Buy-Back…
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SBP announces exposure limit reduction process for banks
KARACHI (January 20 2009): As part of banking reforms, the State Bank of Pakistan has provided a roadmap for banks…
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Hasan A Bilgrami Elected President of ICMAP for Period 2009-11
KARACHI: Hasan A Bilgrami has been elected President of Institute of Cost and Management Accountants of Pakistan (ICMAP) for the…
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KSE amends listing regulations regarding transfer pricing and corporate governance
Jan. 20, 2009 – KARACHI: The Karachi Stock Exchange has made amendments to the listing regulations regarding transfer pricing and…
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ACCA research reveals weaknesses in coaching and mentoring across the finance profession
Research conducted by ACCA (the Association of Chartered Certified Accountants) reveals that coaching and mentoring is being poorly practised across…
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FBR merges direct tax, sales tax and federal excise into one department
ISLAMABAD (January 16 2009): The Federal Board of Revenue has merged direct tax, sales tax and federal excise into one…