News
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Islamic Banking: SBP receives three applications
KARACHI: Pervez Said, Director, Islamic Banking Department (IBD) of State Bank of Pakistan (SBP) disclosed on Friday that the central…
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CDC introduces ‘deposit functionality’
KARACHI: The Central Depository Company (CDC) introduced the deposit functionality through Investor Account Services (IAS), which would help retail investors…
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Banks’ entry into NBFI sector not feasible: SECP
KARACHI: Chairman Securities and Exchange Commission of Pakistan (SECP) Dr Tariq Hassan has said that banks’ foray into non-banking activities…
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GAAP reporting language formalized for Canada
Canadian accounting firms, consultants and software vendors have worked out a set of local terms to help speed adoption of…
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ICMAP: Revision of Syllabus of IMA, USA
The Institute of Cost and Management Accountants of Pakistan (ICMAP) has released the following statement regarding the revision of syllabus…
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SBP issues first 'B' forex company licence
KARACHI (June 23 2004): The State Bank of Pakistan on Tuesday issued the first 'B' category Exchange Company Licence to…
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Sales tax registration drive to start next month
ISLAMABAD (June 23 2004): To expand the tax base for meeting revenue target of 2004-05, the Central Board of Revenue…
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CVT rate cut to 0.01 percent
ISLAMABAD (June 23 2004): The government has decided to cut CVT from 0.1 percent to 0.01 percent, in addition to…
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Deloitte Taps Rohr as CFO
Deloitte Touche Tohmatsu, the global professional services organization, announced that Jeffrey P. Rohr has been named chief financial officer of…
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CBR proposes amendment in Sales Tax Act, 1990
ISLAMABAD (June 11 2004): The Central Board of Revenue (CBR) has proposed amendment in the Sales Tax Act, 1990 to…
