News
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67.45 percent rise in National Saving Schemes investment in four months
KARACHI (December 23 2002) : Investments in National Saving Schemes (NSS) ballooned by 67.45 percent in the four months up…
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Flaws in new 'Registration Rules' pointed out
ISLAMABAD (December 23 2002) : After thorough scrutiny of 'Registration and De-registration Rules, 2002', leading chartered accountant firms and sales…
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Accountant Admits to Role in Scheme
An accountant from Tennessee in the US accused of helping defraud insurance companies in five states of more than $200…
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Ernst & Young, law firms sued 1 billion dollars over tax shelters
NEW YORK, Dec 22 (Reuters) – Former clients have sued accounting firm Ernst & Young and two law firms for…
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SBP allows prepayment of foreign private loans
KARACHI (December 22 2002) : The State Bank of Pakistan has allowed prepayment of foreign private loans, a move to…
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Paris Club rescheduling to bring 40 percent cut in net present value
ISLAMABAD (December 22 2002) : With the cancellation of debt, debt swaps and interest rate reduction, the relief from Paris…
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SBP: Leasing cos can go for house financing
KARACHI, Dec 21: Suggesting the leasing companies to focus on the small and medium enterprises and agriculture sectors, Governor State…
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MCB to open Islamic banking branches
KARACHI, Dec 21: Muslim Commercial Bank Ltd will open dedicated Islamic banking branches at its selected premises to offer the…
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KPMG partner pain as profits slump by 21%
KPMG's profits from UK accounting activities fell by 21% last year according to figures released this week by the Big…
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Karachi Stocks Exchange records second largest turnover in history: index hits 105-month high
KARACHI (December 20 2002) : The second largest turnover was recorded in the history of the Karachi Stock Exchange (KSE)…