News
-
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…
-
CDC reduces custody fee on shares
KARACHI (March 27 2004): The Central Depository Company (CDC) has again reduced the custody fee charged on shares (equity securities)…
-
DTRE scheme: Starr data to be used for allowing tax-free import
ISLAMABAD (March 27 2004): The Central Board of Revenue (CBR) has decided to use exporters' information in the Sales Tax…
-
EU, US reach agreement on auditor oversight
The European Commission has said it has reached an agreement with the United States over the oversight of auditing firms,…
-
Pak-Kuwait to launch Islamic insurance unit
KARACHI (March 26 2004): Pak-Kuwait Investment Company plans to launch Islamic insurance company in Pakistan and has established an Asset…
-
NBP posts all-time high pre-tax profit
KARACHI (March 27 2004): National Bank of Pakistan pre-tax profit reached an all-time high level and was highest in the…
-
SBP revises NPLs reporting methodology
KARACHI (March 18 2004): The State Bank of Pakistan has revised the methodology for stating non-performing loans which makes it…
-
UBL shows 63 percent growth in 2003
KARACHI (March 18 2004): The United Bank on Wednesday presented its first complete year financial statements after privatisation with a…
-
CBR curtails auditors' visits to units under adjudication
ISLAMABAD (March 16 2004): The Central Board of Revenue (CBR) has asked the regional collectorates to restrict auditors' influence and…
-
No refund against old power bills
ISLAMABAD (March 20 2004): The registered consumers of electricity are not entitled to claim 'input tax adjustment'/refund against the old…