News
-
New Jubilee Insurance acquires Commercial Union in Pakistan's general insurance business
KARACHI (January 02 2003) : The New Jubilee Insurance Co has acquired the general insurance business of Commercial Union in…
-
Plan for pensioners soon: profit rates on savings schemes reduced
ISLAMABAD (January 02 2003) : The dawn of the New Year witnessed the scaling down of the profits on the…
-
Changing the Definition of Cash Flow Helped Tyco
Tyco International told investors yesterday that they could not trust its previously reported sales and profits. It did not mention…
-
Accounting firm loses first round in fight over tax shelter documents
WASHINGTON (AP) — Accounting firm KPMG LLP must disclose some of its private dealings with clients so that a judge…
-
Pricewaterhouse Taking a Stand, and a Big Risk
PricewaterhouseCoopers, world's largest accounting firm, has taken a risky public stance in favor of better, more thorough and more detailed…
-
Karachi Stock Exchange index crosses 2700 mark
KARACHI (January 01 2003) : Equities marched upward and the KSE-100 index for the first time crossed the 2700 mark…
-
CBR to hire industrial experts for checking tax evasion
ISLAMABAD (January 01 2003) : The Central Board of Revenue (CBR) has decided to acquire the services of industrial specialists…
-
Pakistan is top share index in 2002, Germany worst
LONDON (January 01 2003) : As stock markets ground to the end of another troubled year on Tuesday, Pakistan's stood…
-
SBP allows third-currency exposures to importers
KARACHI (January 01 2003) : The State Bank of Pakistan has announced that third-currency exposures would also be available for…
-
Three percent additional sales tax on spun yarn removed
ISLAMABAD (December 31 2002) : Giving major tax relief to the textile industry, the government has exempted the manufacturer-cum-suppliers of…