News
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Banks to charge export development surcharge on exports proceeds from January
KARACHI (December 14 2002) : The export development surcharge (EDS), which is charged by the Customs at the rate of…
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CA firms to follow SECP procedure for fee payment to sales tax special auditors
ISLAMABAD (December 14 2002) : The Central Board of Revenue (CBR) has directed the chartered accountant firms to strictly follow…
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Corrupt accountant handed 14-year term
AOMORI – An accountant was sentenced Thursday to 14 years in prison for embezzling 1.45 billion yen from an Aomori…
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KPMG sued by Missouri agency for role in collapse of insurer – report
KPMG LLP has been sued by the Missouri Department of Insurance for allegedly contributing to the 1999 collapse of General…
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SEC Enforcement Chief in USA Urges Action Against Auditors' Firms
WASHINGTON — The Securities and Exchange Commission in the US, while continuing to prosecute individual auditors who abet corporate fraud,…
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Raytheon CFO Resigns Over Fair Disclosure Flap
New York (Dec. 12, 2002) – Defense contractor Raytheon’s chief financial officer Frank Caine resigned Wednesday after being sanctioned for…
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ICMAP – Notifiction regarding schedule of classes
The Institute of Cost and Management Accountants of Pakistan has released this notification regarding commencement of classes: “Students are hereby…
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Fauji Fertiliser, Pak-Saudi merger allowed
KARACHI (December 11 2002) : The High Court of Sindh on November 21, 2002, allowed a petition for the merger…
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Capital Development Authority refuses to issue no objection certificate
ISLAMABAD (December 11 2002) : Capital Development Authority (CDA) has refused the issuance of No Objection Certificate (NOC) for power…
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Blast on Sui gas line causes heavy damage
KARACHI (December 11 2002) : A suspected bomb blast early on Thursday morning ruptured the Sui Southern Gas Company's 20-inch…
