News
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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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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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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…
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SBP orders banks to make POL-related foreign exchange purchases from interbank
KARACHI (January 16 2009): The State Bank of Pakistan on Thursday announced that all purchases of foreign exchange relating to…
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Morgan Stanley and Citigroup to merge brokerage operations
NEW YORK (January 15 2009): Citigroup and Morgan Stanley announced plans Tuesday to merge the world-wide brokerage operations of the…
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FBR cuts depreciation to one percent on Import of old, used vehicles
ISLAMABAD (January 15 2009): The Federal Board of Revenue (FBR) has reduced depreciation from two to one percent on import…
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SECP amends Companies Ordinance to Allow Listed firms to Buy Back Shares
ISLAMABAD (January 11 2009): The Securities and Exchange Commission of Pakistan (SECP) has allowed listed companies to buy back their…
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FBR considering set up of separate withholding tax functions in RTOs
ISLAMABAD (January 12 2009): The Federal Board of Revenue (FBR) is examining a proposal to set up a separate function…
