News
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Islamic banking has growth potential: SBP governor
KARACHI (March 05 2004): State Bank of Pakistan Governor Dr Ishrat Husain said on Thursday Islamic banking has been provided…
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CBR to simplify GST collection on Customs agents' services
ISLAMABAD (March 02 2004): The Central Board of Revenue (CBR) is working to simplify procedure of general sales tax (GST)…
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Malaysia to introduce new Islamic accounting standards next year
The Malaysian Accounting Standards Board (MASB) will introduce new Islamic accounting standards on Ijarah (leasing) in the first quarter of…
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KPMG denies funding US presidential candidates
Amid reports that Dutch companies are among the largest foreign financial backers of candidates seeking the US presidency, KPMG Netherlands…
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Hong Kong accountants demand greater transparency
An overwhelming majority of accountants believe that much greater transparency in financial reporting is required from Hong Kong's listed companies.…
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Parmalat's Auditors Opt to Not Meet Prosecutors
With Italian prosecutors heading for criminal charges in the Parmalat case within days, Deloitte & Touche said that two partners…
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Risk management guidelines to replace prudential regulations
ISLAMABAD (February 28 2004): The new Prudential Regulations will gradually be replaced with the Risk Management Guidelines. The Risk Management…
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'Decision on Section 73 of Sales Tax Act in next budget': Finance Minister
ISLAMABAD (February 28 2004): Finance Minister Shaukat Aziz has said that the policy decision regarding Section 73 of the Sales…
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Pakistan Steel shares to be floated after clearance of losses
KARACHI (February 28 2004): Shares of Pakistan Steel (PS) will be floated in the stock market after the clearance of…
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Simplified rules to ensure prompt payment of sales tax refund
ISLAMABAD (February 28 2004): Federal Finance Minister Shaukat Aziz has said that simplified “Sales Tax Refund Rules 2004” will ensure…