News
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Gas pipeline agreement likely to be signed in a month
KARACHI (November 06 2002) : The presidents of Pakistan, Afghanistan and Turkmenistan are likely to sign an agreement for the…
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Exports increase 15% in four months: Commerce minister
ISLAMABAD (November 06 2002) : Pakistan's exports have increased by 15 percent during the first four months (July-October) of the…
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Action against delinquent mutual funds planned; United Money Market Fund launched
KARACHI (November 06 2002) : The Securities Exchange Commission of Pakistan has noted several irregularities in mutual funds management and…
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Pre-bid meeting for sale of 51 percent Pakistan State Oil stake next week
ISLAMABAD (November 06 2002) : Privatisation Minister Altaf Saleem said that the pre-bid meeting for the sale of 51 percent…
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New Fraud Standard Expands All Auditors Responsibility
The Auditing Standards Board of the AICPA has issued SAS No. 99, Consideration of Fraud in a Financial Statement Audit,…
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FASB and IASB Agree to Work Together toward Convergence of Global Accounting Standards
LONDON, United Kingdom: The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have issued a memorandum of…
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IFAC Task Force Focuses on Restoring Credibility in Financial Statements
(New York/October 18, 2002) – Improving the credibility of financial reporting worldwide is the objective of a new task force…
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IFAC Issues Exposure Draft on Compliance with International Financial Reporting Standards
(New York/Oct. 28, 2002) — The International Federation of Accountant's International (IFAC's) Auditing and Assurance Standards Board (IAASB) is proposing…
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New conditions for power companies refund claims announced
ISLAMABAD (November 05 2002) : The Central Board of Revenue (CBR) has announced new conditions for claiming sales tax refund…
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SBP (Amendment) Ordinance, 2002 promulgated
ISLAMABAD (November 05 2002) : President, General Pervez Musharraf on Monday promulgated the State Bank of Pakistan (Amendment) Ordinance, 2002,…
