News
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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…
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Islamic Finance Scholar Joins AAB as Director Shariah Services
KARACHI (May 02, 2007) – Mufti Mohammad Hassaan Kaleem, an eminent scholar specializing in Islamic Finance and Insurance has joined…
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ICAP Rejects CBR's Proposal to Certify Clients Regarding Income Tax Payment
KARACHI: External auditors of companies have refused to certify that their clients have paid their income tax and other federal…
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CBR to take policy decision on WHT statements
ISLAMABAD (March 29 2007): The Central Board of Revenue (CBR) will take policy decision on the acceptance of withholding tax…
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Islamic finance breeds few entrepreneurs
KUALA LUMPUR: Islamic finance has made plenty of money for bankers and lawyers but has fallen short of the goal…
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Ernst & Young Focuses on Restoring Investor Trust
Ernst & Young notes that with increasing globalization and larger numbers of companies going public, professional services firms and financial…
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CBR to probe non-corporate taxpayers' income during third-party audits
ISLAMABAD (March 01 2007): The Central Board of Revenue (CBR), during the upcoming field audit at national level, is planning…
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Should auditors report on clients tax obligations?
KARACHI: The matter regarding auditor’s report to include an opinion as to whether companies have strictly adhered to their withholding…
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SECP for re-evaluating modaraba model
KARACHI: Salman A. Shaikh, Commissioner, Securities and Exchange Commission of Pakistan, said on Monday, 'the basic modaraba model should be…
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NBP announces 40pc dividend on 2006 profits
KARACHI: The National Bank of Pakistan (NBP) on Monday announced a cash dividend of 40 per cent (Rs4 per share)…