News
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Moneychangers observe countrywide strike
KARACHI (November 09 2002) : Moneychangers on Friday observed countrywide strike, protesting against rising incidents of killing and robbery. Demanding…
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National Bank earns Rs 1.664 billion in 9 months
KARACHI (November 09 2002) : The profits of National Bank of Pakistan Ltd., surged tremendously and posted an increment of…
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Foreign exchange reserves up by $10 million
KARACHI (November 09 2002) : Pakistan's foreign exchange reserves have gone further up as the flow of remittances from the…
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New global accounting rules unveiled
New accounting proposals by the International Accounting Standards Board will force listed companies to deduct the cost of stock options…
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Accounting Firm claims Chief Govt Audit Overseer Fired it when it raised Financial Problems
Accounting firm BDO Seidman LLP released documents yesterday that showed that William H Webster had fired it as the auditor…
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SEC's Head Accountant in USA Resigns
The chief accountant of the Securities and Exchange Commission in the US resigned yesterday after 15 months in office, the…
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IMF lauds Pakistan's fiscal consolidation, foreign exchange reserves position
ISLAMABAD (November 08 2002) : In the conclusion of Article-IV consultations, the IMF Executive Board has concluded appreciation for consolidation…
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High public debt deters investment, Pakistan must do more to reduce poverty: IMF
ISLAMABAD (November 08 2002) : The Executive Directors of IMF Board have observed that high public debt burden of Pakistan…
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Government, private sector, other stakeholders reminded of WTO obligations
KARACHI (November 07 2002) : The Consultant to the Ministry of Commerce, Dr Tariq Banauri, has reminded the government, the…
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Karachi Stock Exchange introduces new badla system from November 11
KARACHI (November 07 2002) : Karachi Stock Exchange (KSE) has introduced new procedure of COT (Badla) financing for 10 trading…