Pakistan's Largest Accountancy News Source
By Admin Today is the marking of another day for Pakistanacca and its users. We would like you to share your success story with us. Share your ACCA results with us today. Please leave your name and name of papers cleared in our comment box and we would select 50 users out of them and their stories will be shared with the rest! There would be only one question for all of them & one lucky winner will win an IPhone. Our team will contact you through your email for the r
By Aamna Waheed According to latest figures, the total number of text messages sent by Pakistani users crosses 106 billion messages, that is almost 17 times of the world population. It is now uncommon to see someone without a cell phone and of course, without texting to someone with different weird emotions on their face (I hope you get my point :-p ) According to the latest PTA report of December 2009, a total of 106 billion text messages were sent across the 5 cellular networks i
By Michelle Murdoch Afghanistan plans to issue licenses for three Islamic banks, the first to offer a range of services that comply with religious law in a country where 99 percent of the population is Muslim. Afghan United Bank, Ghazanfar Bank and Maiwand Bank are seeking permission to provide products that meet Shariah principles, said Aimal Hashoor, a central bank spokesman in Kabul. Now, seven local banks can offer Islamic services through dedicated tellers at branches, he sa
By Michelle Murdoch I stopped in at my bank this week, and the woman in line ahead of me was a friend of mine. The teller was finishing up with her transaction when she reminded my friend that her account no longer had debit-card overdraft protection. My friend was a bit taken aback, protesting that she doesn't overdraw the account. The teller explained this had nothing to do with the woman's checking activity, and everything to do with new laws. Every checking account that had
By Zehra Abbasi China surpassed Japan as the world’s second-largest economy last quarter, capping the nation’s three- decade rise from Communist isolation to emerging superpower. Japan’s nominal gross domestic product for the second quarter totaled $1.288 trillion, less than China’s $1.337 trillion, the Japanese Cabinet Office said today. Japan remained bigger in the first half of 2010, the government agency said. Japan’s annual GDP is $5.07 trillion, while China’s is more
By Ali Ahmad Clean Energy has been an an issue of debate for past 10 years. Its increasing potential and market is just like the Islamic Banking of Energy market - Attracting large audience because of its market potential. Although many at Ernst and Young never like my last article where I raise questions on the credibility of their report but the senior management is undaunted that the Green Energy Solutions are going to dominate the future - No Doubt it will - the only Question is ti
By Michelle Murdoch Coinciding with the beginning of a search for chairman Ratan Tata's successor, the Tata Group has become the country's wealthiest, with a market value of about Rs 3,71,000 crore — higher than that of the business houses led by the two Ambani siblings. The Tata Group is followed by Mukesh Ambani-run Reliance Industries (RIL) group as the second-most valued firm (Rs 3,21,750 crore), Anil Agarwal-promoted Sterlite group at third (Rs 1,35,300 crore), Anil Amban
By Zehra Abbasi The CIMA Global Business Challenge is an international competition designed to bring out the best in the young business leaders of tomorrow. Teams came from the UK, Ireland, Hong Kong, Sri Lanka, India, mainland China, the Philippines, Malaysia, Pakistan, Singapore, South Africa, the UAE and Australia. The winning team from each region in 2010 competed in Malaysia in the final. For the second consecutive year, a Hong Kong team demonstrated outstanding te
(CNN) -- Facebook and Google, two of the world's biggest and most influential online companies, are duking it out in a very public battle over who should control the Internet. That war of words continued on Thursday, when Google wrote a rebuttal to responses on its joint policy proposal with Verizon about an open-Internet standard known as "Net neutrality." The rebuttal comes a day after Facebook said it disagreed with the substance of Google and Verizon's pact. Google mai
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