Archive for July, 2011
By Bilal Siddiuqi (Karachi)
Last Saturday in a meeting, The State Bank of Pakistan (SBP) has decided to reduce its policy rate by 50 basis points to 13.5 percent with effect from August 1, 2011 (today).
This was announced by Yaseen Anwar, Acting Governor, SBP, while unveiling the Monetary Policy Statement at a press conference held at SBP, Karachi today.
[caption id="attachment_2895" align="aligncenter" width="280" caption="Many Analysts believe that further decli
July 31, 2011
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By Admin
This post was submitted to us by Mr. Aamir Atta, founder and editor of ProPakistani.pk - one of the top tech blog in Pakistan.
I didn’t know before today that commercial banks in Pakistan can literally threat you, let alone the misbehaving part.
Even if you are a three years old customer, who has paid every credit card bill in last 40 months before the due date, I didn’t know they can call you in – shout at you, threat you, humiliate you and what
July 28, 2011
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By Bilal Siddiqui (Karachi)
Securities and Exchange Commission of Pakistan, which has been quite active in past couple of weeks while updating and improving regulations, is now planning to step outside and is asking everyone, kia scene hai?
[caption id="attachment_2873" align="alignleft" width="200" caption="This Out Reach Program Might Help in Documenting the Economy"][/caption]
According to reports our news desk reviewed, SECP) has formed the "SECP-Financial Marke
July 27, 2011
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By Taha Kazmi (Ireland)
Accountancy magazine, a famous publication of Wolters Kluwer Group which had been in agreement with Institute of Chartered Accountant of England & Wales (ICAEW) to print a magazine for its own user base and for ICAEW students and members has comes to an end. That arrangement ends in January, although Accountancy Magazine will continue to be published.
According to the press release available, Progressive Customers Publishing (PCP), has won
July 27, 2011
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By Bilal Siddiqui
According to the press release issued by Securities and Exchange Commission of Pakistan, Mr Ebrahim Sidat, a noted chartered accountant and Country Managing Partner/CEO, Ford Rhodes Sidat Hyder & Co is working with SECP to review the Code to the Pakistani Institute of Corporate Governance (PICG).
[caption id="attachment_2860" align="alignleft" width="108" caption="Mr. Ebrahim Sidat "][/caption]
The Securities and Exchange Commission of Pakistan
July 25, 2011
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(ExP) -- Taylor Bean & Whitaker were one of the largest privately held mortgage lenders in the US.
Paul Allen was their CEO and involved in all the key areas of the business. Unfortunately for a lot of people Mr Allen also became involved in the fraud which led to the Taylor Bean business being closed down with 2,000 people losing their jobs.
The fraud also contributed to the collapse of Colonial Bank in the States after they purchased hundreds of millions of dolla
July 25, 2011
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By Zaara Rahman
North Sudan will start circulating its new currency on Sunday, the central bank said, days after South Sudan started rolling out a currency of its own.
[caption id="attachment_2848" align="alignright" width="300" caption="Sudan's Old Currency"][/caption]
South Sudan, which declared independence on July 9 under a 2005 peace deal that ended decades of civil war, said last Monday it had started circulating its new South Sudan pound, pegging it one-to-one with
July 24, 2011
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Press Release
The Securities and Exchange Commission of Pakistan (SECP) registered 344 companies in June. An increase of 5% has been witnessed as compared to 327 companies registered during the corresponding period of previous year.
The private companies have the highest share in the new incorporations totaling g to 311 followed by 23 single-member companies, 2 public unlisted companies, 5 non-profit associations, 2 foreign companies, from Saudi Arabia and Thaila
July 21, 2011
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By Ali Ahmad
Arif Masud Mirza, the forty-Nine-Year- old head of ACCA Pakistan, part of World's fastest growing professional education, is average height , with an expressive, lined face and small gray hairs which he usually parts on right side.
I met with him last month on 8th floor of Marriot Hotel Karachi, for this interview. But it wasn't my first meeting with him. I met with him last year in November in Accountancy Future Symposium, when he shocked me when he st
July 19, 2011
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By Ali Ahmad
Association of Certified Chartered Accountants (ACCA), under the leadership of Helen Brand (CEO), is planning something that many might not vision before. The vision that before the fall of this decade everything around us will be digital and believing in it they announced that ACCA will be assessing all papers online.
In my personal capacity, I believe in this decision and it would be interesting to witness this change. But a lot of this people at this stage a
July 16, 2011
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