News
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Japan Agrees to IFRS Convergence by 2011
Ikuo Nishikawa, Chairman of the Accounting Standards Board of Japan (ASBJ), and Sir David Tweedie, Chairman of the International Accounting…
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India announces convergence with IFRSs for public interest entities from 2011
The Council of the Institute of Chartered Accountants of India, at its 269th meeting being held these days at New…
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IIA Offers New Tools for CIA Exam Preparation
The Institute of Internal Auditors has developed a new tool to provide internal auditors with the best possible preparation methods…
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Highlights of the Rs 1.599 Trillion 2007-08 Federal Budget
ISLAMABAD: The federal budget for 2007-08 with an outlay of Rs 1.599 trillion presented in the National Assembly on Saturday…
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Tax neutrality for acquisition and mergers
ISLAMABAD (June 10 2007): The federal government on Saturday realigned its taxation rules allowing establishing of holding companies and providing…
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Highlights of Economic Survey of Pakistan 2006-07
ISLAMABAD (June 09 2007): Pakistan's economy continues to gain traction as it experiences the longest spell of its strongest growth…
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CBR fails to bring services sector into tax net
ISLAMABAD (June 09 2007): The Central Board of Revenue (CBR) remained helpless in bringing services sector into the tax net…
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CBR's bid to bring potential units in tax-net
ISLAMABAD (May 24 2007): The collectorates of sales tax have started verifying third-party information, including gas/electricity data to bring potential…
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10-year tax holiday for steel industry proposed
ISLAMABAD (May 24 2007): The Ministry of Industries and Production has proposed the government the new duty and tax regime…
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SBP and CBR to launch automated tax deposit system
ISLAMABAD (May 08 2007): The State Bank of Pakistan (SBP) and the Central Board of Revenue (CBR) have decided to…