Institute of Chartered Accountants of England and Wales, also famously known for its acronym (ICAEW), will soon be visiting Karachi, Lahore and Islamabad to meet with its students and answer their queries and explain their current relationship with Institute of Chartered Accountants of Pakistan (ICAP). This all starts when ICAP issued a notice to audit firms asking [...]
An inspection team comprising officers from Competition Commission of Pakistan carried out search of premises of Pakistan Poultry Association offices located in Lahore and Islamabad on Monday. The inspection was carried out in the wake of suspicion of anti-competitive behaviour on part of Pakistan Poultry Association. The Commission received certain information indicating that the association [...]
According to an official press release, Habib Bank inked an agreement with Tourism Promotion Services (Pakistan) Limited, owners and operators of the Serena Hotels in Pakistan, says a press release. Representing HBL at the signing ceremony were recently elected Mr. Nauman K. Dar, President & CEO, Ms. Sima Kamil, Head – Retail and Consumer Banking and [...]
Unless you have been living under a rock, chances are that you must have read the story of Shaista Wahidi, a TV host of a morning show on Geo TV, marrying Mir Shakeel-ur-Rehman, the editor in chief of Jang Group of Newspapers and Group Chairman of Geo TV Network. This rumor was carried by various [...]
Securities and Exchange Commission of Pakistan registered 244 companies during September. The authorised capital and paid-up capital of these companies was PKR 374 Crore and PKRs 39 Crore respectively. During the month, applications/returns for increase in authorised capital for 185 companies were accepted, with the total authorised capital increment of PKR 486 Crore. Seventy-nine companies filed [...]
Nishat Mills – one of the biggest textile mill in Pakistan owned by Pakistan’s richest Mian Mansha – posted a net profit of PKR 350 Crore, down by more than 25% from PKR 480 Crore an year ago. According to analysts – the fall in profits results from challenges from a heavy fall in cotton [...]
The State Bank of Pakistan (SBP) has made it mandatory for all banks operating in the country to add at least one Automated Teller Machine (ATM) to their network while opening a new branch from next year. “This directive has been issued with a view to improving the coverage of ATMs and to meet minimum [...]
The management of DG Khan Cement (DGKC) has approved equity investment of up to PKR 500 million in Nishat Dairy (Pvt.) Ltd. which was incorporated on October 28, 2011 to carry on dairy business in Pakistan having a paid up capital of PKR 150 Crore which will be further raised to PKR 270 Crore as [...]
The Council of the Institute of Chartered Accountants of Pakistan (ICAP) in its meeting held on October 2, 2012 elected office bearers for the term 2012-13. The Council unanimously elected Ahmad Saeed as President of the Institute, Yacoob Suttar as Vice President – South and Naeem Akthar Sheikh as Vice President – North. Mr. Ahmad [...]
Pakistan Mercantile Exchange ended the first quarter of FY 2012‐13 with a record trading volume of Rupees 385.58 Billion in terms of value. This represents an increase of 40.71 % on previous quarter. Over Rupees 150 Billion of traded volume was seen in September which is a monthly record, beating previous monthly high of 129 Billion Rupees set [...]
