News
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Transparent accounting, auditing systems vital for corporate governance: ICAB President
A positive approach towards ensuring transparency in accounting, auditing and reporting systems, and amending the Companies Act are crucial factors…
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India introduces online tax accounting system
India's finance ministry has introduced an online system for tax payments that are being collected by the Reserve Bank of…
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£150m bonanza for Shell auditors
Accountants who failed to spot Shell's massive overbooking of reserves were paid more than £150m in the past five years…
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State Bank allows market to increase PIB yields
KARACHI (May 29 2004): The State Bank of Pakistan has finally relented and allowed the market forces to determine the…
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SBP issues Master Circular for SLR
KARACHI (May 29 2004): The State Bank on Friday issued Master Circular containing consolidated instructions about Statutory Liquidity Requirement. In…
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CBR asked not to levy sales tax on computers
ISLAMABAD (May 29 2004): The government has directed the Central Board of Revenue (CBR) not to amend Sixth Schedule of…
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Input tax adjustment on diesel used in power generation proposed
ISLAMABAD (May 29 2004): Industries Ministry has proposed that manufacturers having self-generation permission should be allowed to adjust input tax…
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SBP issues guidelines on internal controls in banks and DFIs
KARACHI (May 29 2004): The State Bank of Pakistan on Friday issued detailed guidelines on internal controls to protect the…
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Procedure for advance tax payment clarified
ISLAMABAD (May 26 2004): The Central Board of Revenue (CBR) has announced procedure for the payment of advance tax in…
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Moneychangers allowed to form B category exchange companies
KARACHI (May 26 2004): The State Bank of Pakistan (SBP) has in principle decided that the existing authorised moneychangers may…