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Economic Survey of Pakistan 2007-08 - Part 1 (2.83 Mb)

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"To the accountants, a true work of art is an investment that hangs on the wall."
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"Economists are people who work with numbers but who don't have the personality to be accountants."
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Strategic Fiscal Policy

 

One wonders about the news item appearing in the newspapers in which World Bank issued a report stating the fact that corruption has increased in last eight years. I reiterate my earlier year’s submission whereby I suggested that Government should be bound to present Financial Statements in line with International Public Sector Accounting Standard Board’s exposure draft 27 – Presentation of Budget Information in Financial Statements.

 


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Strategic Fiscal Policy

Instruments of Islamic Banking in Operation

ABC of Income from Property

Critical Analysis of the Current Islamic Banking System

Juncta Juvant of Finance Act 2007

 
 

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Accounting News - General  

Accounting News - General

 
  Finance Bill 2008 - Full Text
  Thursday, June 12, 2008 - ISLAMABAD: Finance Minister Naveed Qamar on Wednesday presented the Finance Bill to give effect to the financial proposals of the federal government for the year beginning on the first day of July, 2008, and to amend certain laws. Following is the text of the bill.
   
  Highlights of the Economic Survey of Pakistan 2007-08
  Islamabad, June 10 - The Economic Survey of Pakistan for the year 2007-08 was released today by the Ministry of Finance. The following are the salient features and highlights of this survey.
   
  FBR may remove procedural flaws in EOUs and SME rules
  ISLAMABAD (June 09 2008): The Federal Board of Revenue (FBR) is likely to remove procedural flaws in the Export-Oriented Units (EOUs) and Small and Medium Enterprises Rules, 2008, in coming budget, which have created serious problems for collectors of customs in issuance of fresh licenses to the applicant units.
   
  New sales tax return not workable: Sales Tax Bar Association
  KARACHI (June 09 2008): The proposed new sales tax return, being implemented from coming budget, is not workable and could create difficulties for taxpayers owing to its amendments, which are not considerable in Sales tax Act.
   
  Redundant provisions in ITO 2001 related to dividend tax to be deleted
  ISLAMABAD (June 09 2008): The Federal Board of Revenue (FBR) is likely to amend the Income Tax Ordinance 2001 in the 2008-09 budget to abolish redundant provisions relating to the taxation of dividend. Sources told reporters on Sunday that there was a separate system for taxation on dividend under the Ordinance 2001.
   
 
 

Current tax regime to fetch more revenue than CGT: KSE managing director

Raise in withholding tax on cash withdrawal likely

CGT exemption extended to 2010, no change in CVT

No withholding tax deduction for making payments to banking companies

FBR Empowers Customs Collectors to Block Import Consignments

FBR Abolishes Bank Endorsement Condition on Good for Payment

Special Excise Duty Adjustment: FBR to Remove Confusion

Bank of Punjab seeking Licence to Launch Islamic Banking Services

 
 

General News Archive >>

 
 
     
 
 
 
 
Accounting News - Profession  

Accounting News - Profession

 
  ACCA Conducts Research on Usefulness of Annual Reports Issued by Banks
 

Banking analysts believe banks’ annual reports to be unhelpful in their forecasting work or for preparing reports for their colleagues working for potential investors, finds new research from ACCA (the Association of Chartered Certified Accountants), prepared by the University of Northumbria and the University of Newcastle.

   
  ACCA Pakistan holds workshop for journalists
  Karachi, 8 October 2008 - ACCA Pakistan recently held a workshop for journalists at a local hotel in Karachi. The initiative was highly appreciated by media organizations and was attended by around 45 journalists from print and electronic media.
   
  Governance failure in banks is key to credit crunch, argues ACCA
  The principal source of the credit crunch is a failure in corporate governance at banks, which encouraged excessive short-term thinking and a blindness to risk, says ACCA (the Association of Chartered Certified Accountants) today in a report about the year-long financial crisis.
   
  ICAP elects new President for 2008-09
  The Council of the Institute of Chartered Accountant of Pakistan in its meeting held on August 26th 2008 elected office bearers for the year 2008-09.
   
  ACCA publishes agenda for sustainability and Corporate and Social Responsibility
  The ‘business as usual’ model for organisations world-wide is no longer an option in this sustainable age, says ACCA (the Association of Chartered Certified Accountants) yesterday as it published its Sustainability Agenda for Action called Going Concern?
   
 
 

Helen Brand appointed as New Chief Executive of ACCA

ACCA and PTCL join hands to cultivate professional talent

SBP, ICAP to help implement IFAS-2

SECP brushes aside apprehension about ‘panel of auditors’

ICAEW, ICAP Sign Memorandum of Understanding

Accounting Firm BDO Seidman to Pay $170 million

Japan Agrees to IFRS Convergence by 2011

India announces convergence with IFRSs for public interest entities from 2011

 
 

Profession News Archive >>

 
 
     
 
 
 
 
Accounting News - Students  

Accounting News - Students

 
  ACCA Pakistan Holds 7th Graduation Ceremony
  Karachi, 23 October 2008 - ACCA Pakistan held its 7th graduation ceremony at Bahria Auditorium in Karachi. This event was attended by graduates, place winners, their parents, employers and tuition providers.
   
  Netsol gains ACCA’s Silver Trainee Development Award
  Netsol Technologies Limited has acquired “Silver” approval from ACCA (Association of Chartered Certified Accountants) in recognition for their commitment towards training and development of students working towards the ACCA Professional and Certified Accounting Technician (CAT) Schemes.
   
  ACCA Students Quiz – Pakistan outshines UAE and Sri Lanka
  ACCA Pakistan recently organized its fifth annual quiz for the CAT and ACCA students across the country. The regional contests were held in Lahore, Karachi and Islamabad on 23 August 2008 in which 21 teams from different ACCA tuition providers participated.
   
  ACCA Pakistan to Organize Annual Quiz
  ACCA Pakistan is organizing its fifth annual quiz for the CAT and ACCA students across the country. The regional contest will be held in Lahore, Karachi and Islamabad on 23 August 2008 in which 21 teams from different ACCA tuition providers will participate.
   
 
 

ACCA Pakistan awards Afghan Graduates

IIA Offers New Tools for CIA Exam Preparation

MBA Students More Likely to Cheat, New Survey Finds

Public Confidence in Accountants Growing

ICAP announces Professional/Final Summer 2006 examination results

ICAP announces Foundation/Intermediate Spring 2006 examination results

ICAP announces Professional/Final Winter 2005 examination results

ICAP announces Professional/Final Summer 2005 examination results

 
 

Students News Archive... >>

 
 
     
 

 
 
 

Accounting Students

 
   
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Accounting Articles for Students

Update Your Resume Regularly

 
It seems a simple thing to keep your resume updated. But it isn't. You perform so many unique projects in the Big4 that if you don't keep track of them, you may lose sight of all your accomplishments when you are preparing a new resume. Time and again, I have to pull the information out of my clients as to why they are special.
 
 
 
 

ICAP announces Professional/Final Summer 2006 Examination Results
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