News
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Duty drawback on PSF-based textile items to be raised
ISLAMABAD (August 25 2004): The Central Board of Revenue (CBR) has decided to enhance duty drawback rates on the export…
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Services sector grossly under-taxed: CBR Chairman Yusuf
ISLAMABAD (August 24 2004): The Chairman Central Bureau of Revenue, Abdullah Yusuf has said that services sector was grossly under-taxed,…
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ACCA announces June 2004 examination results
The Association of Chartered Certified Accountants (ACCA) has announced results of its examinations held in June 2004. The results were…
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Parmalat sues former auditors Deloitte and Grant Thornton for $10 Billion
Parmalat sued its former auditors, Deloitte & Touche and Grant Thornton, on Wednesday, claiming damages of at least $10 billion…
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Shell profit rises 20 percent in fiscal year 2004
KARACHI (August 20 2004): The profit of Shell Pakistan Limited in the year ended June 30, 2004 rose 20 percent…
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Drawback on diesel generating sets reduced
ISLAMABAD (August 20 2004): The Central Board of Revenue (CBR) has reduced duty drawback on the export of diesel generating…
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CBR and vanaspati makers reach understanding on value addition for imported palm olien
ISLAMABAD (August 20 2004): The Central Board of Revenue (CBR) and Pakistan Vanaspati Manufacturers Association (PVMA) on Thursday agreed on…
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Minimum benchmark value of bill of entry reduced
ISLAMABAD (August 21 2004): The Central Board of Revenue (CBR) has substantially reduced the minimum benchmark value of bill of…
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Former EC Accountant Wins Whistle-Blower Award
Marta Andreasen, the former chief accountant for the European Commission, has won this year’s Cliff Robertson Sentinel Award given by…
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Auditors oppose proposed ban on consulting
The concept paper on the companies act is creating a storm in audit circles. It has some very bold proposals,…