News
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Advance payments against L/Cs: SBP liberalises foreign exchange regime
KARACHI (September 14 2007): The State Bank of Pakistan (SBP) on Thursday allowed advance payments against letters of credit (L/Cs)…
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SECP seeking power to freeze bank accounts: banks to remain under SBP
ISLAMABAD (September 05 2007): The Securities and Exchange Commission of Pakistan has clarified that there are no plans for shifting…
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SECP won't allow firms' takeover if law violated
ISLAMABAD (September 03 2007): The Securities and Exchange Commission (SECP) will not allow takeover of companies in violation of proposed…
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FBR can't de-register unit unilaterally: Trade Ombudsman
ISLAMABAD (September 03 2007): The Federal Tax Ombudsman (FTO), former Justice Munir A Sheikh has ruled that the Federal Board…
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SBP approves merger of ABN Amro and Prime Commercial Bank
KARACHI (September 01 2007): The State Bank of Pakistan (SBP) on Friday has granted final approval for the merger of…
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ICAEW, ICAP Sign Memorandum of Understanding
KARACHI: The Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants of Pakistan (ICAP)…
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New list of locally-made goods for sales tax concession
ISLAMABAD (August 31 2007): The Federal Board of Revenue (FBR) has issued a new list of 906 'locally manufactured goods'…
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Demutualisation Act to be introduced: SECP
LAHORE (August 21 2007): The chairman, Securities and Exchange Commission of Pakistan (SECP), Razi-ur-Rehman Khan has said that work on…
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Accounting Firm BDO Seidman to Pay $170 million
Aug. 15, 2007 (Associated Press) — MIAMI – Accounting firm BDO Seidman must pay $170 million in compensation and provide…
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'Vigilance Wing' empowered to probe tax fraud cases
ISLAMABAD (August 14 2007): The Vigilance Wing of Directorate-General, Intelligence and Investigation, Federal Board of Revenue (FBR), has been empowered…