News
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Procedure for imports clearance fine-tuned
ISLAMABAD (July 12 2004): To streamline imports clearance procedure, the Central Board of Revenue (CBR) has announced that importers will…
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Chartered accountants to discuss networking, mergers
“Networking, mergers and brand promotion of professional firms” will be among the themes of focus at a two-day all-India conference…
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Suit against E&Y ruled to be without merit
A three-judge panel in Chicago, USA has ruled that a $2 billion federal lawsuit against Ernst & Young in connection…
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US accounting rules blamed for software slump
Chief financial officers rushing to comply with Sarbanes-Oxley accounting rules in the US may have little time to sign off…
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ICMAP announces Spring (Summer) 2004 Examination Results
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has announced the results of its Spring (Summer) 2004…
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Stricter government procurement rules come into force
ISLAMABAD (July 05 2004): In order to bring about good governance, transparency, accountability and improvement in public procurement of goods,…
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SECP and SBP announce Margin Financing rules
ISLAMABAD (July 04 2004): To reduce speculations at stock market by replacing badla trading, the Securities and Exchange Commission of…
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IASB Publishes Discussion Paper on Standards for SMEs
The International Accounting Standards Board (IASB) has published a Discussion Paper on its proposal to develop a separate set of…
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IFRIC publishes proposed guidance on members’ shares in co-operative entities
The International Financial Reporting Interpretations Committee (IFRIC) has released for public comment a draft Interpretation D8 Members’ Shares in Co-operative…
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Export refinance scheme limit extended
KARACHI (June 25 2004): The State Bank of Pakistan (SBP) on Friday has allowed banks to continue to avail refinance…
