News
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IASB moves towards US GAAP on Asset Disposals and Discontinued Operations
The International Accounting Standards Board (IASB) has issued requirements relating to asset disposals and discontinued operations. The requirements, which are…
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New IFAC Guidance Addresses Anti-Money Laundering and the Role of the Professional Accountant
Governments, regulators and the global business community are increasingly calling on accounting practitioners to contribute to the battle against money…
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FASB announces options expensing rule
Renewing one of the most politically controversial battles in financial history, accounting rule-makers in the US have announced a formal…
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Faysal Bank earns Rs 2.15 billion net profit in 2003
KARACHI (March 30 2004): Faysal Bank Limited has earned the profit highest amongst banks in Pakistan as Rs 2.15 billion…
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PIA net profit likely to grow by 47 percent
KARACHI (March 30 2004): Pakistan International Airlines (PIA) net profit is expected to record an increase of 47 percent for…
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Revenue Board to issue Sales Tax Guide shortly
ISLAMABAD (March 29 2004): To facilitate the business community, the Central Board of Revenue (CBR) would shortly issue a Sales…
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Adamjee Insurance defers 2003 accounts announcement
KARACHI (March 31 2004): Adamjee Insurance Company has deferred the announcement and approval of the annual accounts for the year…
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IASB Issues Standards on Business Combinations, Goodwill and Intangible Assets
The International Accounting Standards Board (IASB) has issued International Financial Reporting Standard 3 Business Combinations (IFRS 3), and revised Standards…
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IASB Issues Standard on Insurance Contracts
The International Accounting Standards Board (IASB) today issued International Financial Reporting Standard 4 Insurance Contracts (IFRS 4). The publication of…
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MCB approves 27.5 percent cash dividend and 10 percent bonus
KARACHI (March 30 2004): Shareholders of Muslim Commercial Bank Limited on Monday approved 27.5 percent cash dividend and 10 percent…