News
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KSE stocks touch 8 1/2-year high
KARACHI (December 10 2002) : The Karachi Stock Exchange on the first day after Eid holidays was in a jubilant…
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Federal Tax Ombudsman rectifies sick unit owner's tax assessment
ISLAMABAD (December 10 2002) : Thanks to the intervention of Federal Tax Ombudsman, the owner of a sick plastic manufacturing…
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Foreign exchange reserves reach $9.01 billion
KARACHI (December 10 2002) : Country's foreign exchange reserves have reached $9.01 billion, said a release of the State Bank…
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$10.4 billion export target achievable: commerce minister
ISLAMABAD (December 10 2002) : Commerce Minister Humayun Akhtar on Monday spoke of the promising indications that the country would…
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$1 billion US waiver to span 38 years
ISLAMABAD (December 10 2002) : The impact of the promised $1 billion loan waiver by US will span over 38…
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Microsoft Launches Small Biz Manager 7.0
Fargo, N.D. (Dec. 10, 2002)– Microsoft Business Solutions launched the latest edition of its small business accounting product Thursday, offering…
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PwC's audit disclaimer causes alarm
Accounting group PricewaterhouseCoopers is coming under fire from its peers for changing the wording of its standard audit report in…
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SEC Proposal in US Seeks to Redefine Accounting Firms
New York (Dec. 8, 2002) – A new Securities and Exchange Commission proposal to forbid accounting firms from selling tax…
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Accountancy shake-up puts goodwill in short supply
Accounting regulators are preparing to ban merger accounting, closing a loophole which has allowed companies to inflate earnings and protect…
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Accounting practices of UK software companies problematic
Ernst & Young recently published a report which criticises the poor accounting practices amongst UK software firms. The report asserts…