News
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Revenue Board clarifies definition under Income Tax Ordinance
ISLAMABAD (February 15 2003) : The Central Board of Revenue (CBR) has issued a clarification to all Regional Commissioners of…
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Less imports to protect industry: Safeguard Measures Rules, 2003 issued
ISLAMABAD (February 15 2003) : To curtail huge influx of imported goods, the government has issued “Safeguard Measures Rules, 2003”…
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35 percent ghee units closed due to heavy taxation
KARACHI (February 15 2003) : Of total 89 vegetable ghee and cooking oil units working in the organised sector, 35…
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Probe targets Hub office of Tyco auditor
New York investigators are focusing on the Boston offices of PricewaterhouseCoopers LLC to try to determine which auditors knew about…
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Accounting firm involved in criminal case
SHANGHAI, CHINA: A local accounting firm is being accused of fabricating verification reports on its customers' registered capital, in a…
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Central excise duty evasion: Revenue Board unable to ascertain beverage output data
ISLAMABAD (February 12 2003) : Despite all-out efforts, the Central Board of Revenue (CBR) has not been successful in collecting…
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Malaysian firm to set up LPG terminal at Port Qasim
KARACHI (February 12 2003) : A Malaysian Company, Keloil (now Messrs Progas), will set up LPG Terminal at PQ-5, according…
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PVMA tells Revenue Board: ghee prices relief possible only on five percent levies cut
ISLAMABAD (February 12 2003) : The Pakistan Vanaspati Manufacturers' Association (PVMA) has conveyed to the Central Board of Revenue that…
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E&Y successfully blocks Equitable negligence claim
Ernst & Young, the former auditor to Equitable Life, have succeeded in blocking the major part of a £2.6 billion…
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Tax scandal worrying Ernst & Young staffers
Now it's Ernst & Young's turn in the hot seat – and it could get ugly. Accounting industry experts say…
