Search Results for A.F.Ferguson
Famous members of Big four - A.F.Ferguson & Co, an affiliate of PriceWaterCoopoers, has successfully secured a contract from National Bank of Pakistan for Business Processes Review (BPR Services) and COSO Implementation. Both Giants of their respective industries signed an agreement at National Bank’s head office.
The NBP President Dr Asif A Brohi said, “NBP is committed to achieve the leadership position in the industry by adopting international best practices and ensuring consi
May 24, 2013
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Pakistan’s economic problems are mostly pertinent to management and are not resource oriented.
The speakers at southern regional committee of the Institute of Chartered Accountants of Pakistan (ICAP) during a seminar ‘Pakistan’s Economic Outlook-2013 and Beyond emphasised on strengthening of economic institutions and progressive devolution of revenue and expenditure authority to most relevant tier of government for the sustainability of economic growth.
Former State Bank of Pakist
December 24, 2012
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Syed Shabbar Zaidi, an authoritative and leading tax expert, also partner for taxation of A.F.Ferguson, reminded the policy makers, yet again, that we need a working and stable tax collection system.
Shabbar Zaidi has said that improvement in the prevailing system of tax collection can lead to tax-revenue of Rs 200 billion to 250 billion.
In a statement, Shabbar Zaidi said there was a dire need for revolutionary measures in the system of tax-collection to ensure effective implementati
June 27, 2012
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"Government, businessmen and the public at large were all responsible for the fiscal mess the nation finds itself in" said Shabbar Ziadi, leading tax expert and partner of A.F.Ferguson, at a budget seminar organized by Institute of Cost and Management Accountants of Pakistan (ICMAP).
Noting that debt servicing, defence, subsidies and administrative expenses formed 31%, 16%, 25% and 11%, respectively, in the proposed budget, Zaidi said that 83% of the allocations were set aside for non-prod
June 7, 2012
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By Mr Zahur Shah (guest post)
Very few people are aware that while Pakistan govt, who ask tobacco companies to put 'Smoking is Injurious to health' message on every cigarette packet with a horrible picture on it, is the biggest beneficiary of it.
Pakistan Tobacco Company, one of the oldest multinational in Pakistan and owner of multiple famous brands, made Rs 37 Crore in first quarter of 2012, on sales revenues of Rs 17.7 Billion. But out of those Rs 17 Billion, almost 12 billion w
May 7, 2012
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"Corporate income tax rate should gradually be brought down to 25% and 30% for listed and unlisted companies respectively as 35% rate is very high viz-a-viz 25% tax date on other business houses".
These views were expressed by Asif Kasbati, Director Tax Services, A.F.Ferguson & Co, while speaking at the pre-budget seminar organized jointly by Karachi Branch Council (KBC) of Institute of Cost and Management Accountants of Pakistan (ICMAP) and Federation of Pakistan Chambers of Commerce
April 27, 2012
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A.F.Ferguson, which has been accumulating Banking clients from other firms, charged Rs 3.7 Million from Bank Islami for its Audit engagement for financial year ending 2011.
Bank Islamic, which grows by almost 800 percent in 2011 manages to reduce its total audit fees to Rs 3.7 Million from Rs 5.3 Million in 2010. Bank manages to reduce its audit fees from the head of 'Special Certification and Advisory Services'. Bank Islamic paid Rs 900,000 for special certification in 2011 and Rs 2.9 Mi
April 1, 2012
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A.F.Ferguson, which recently manages to get audit job of Meezan Bank, country's largest Islamic Bank, has now successfully land MCB Bank in its pockets.
According to EconomyAge, MCB has appointed A.F. Ferguson & Company, Chartered Accountants, as it auditing and accounting firm for the next calendar year 2012, an official sources said. Riaz Ahmed and Company and KMPG Taseer Hadi were maintaining accounts of Pakistan’s largest bank at present.
According to sources, the two firms
March 30, 2012
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Meezan Bank, an awarded bank for best Islamic Bank in Pakistan, has appoint new auditors to audit its financial statements.
Meezan Bank, in a notice sent to Karachi Stock Exchange, notifies public and investors that the old auditors M/S KPMG Taseer Hadi & Co. the retiring auditors complete their 5 years period and in accordance with the code of corporate governance (which do not allow any audit firm to work for more than 5 years).
Meezan Bank will be considering the appointment o
March 23, 2012
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(EconomyAge) -- A.F.Ferguson, Pakistan’s member firm of PriceWaterCoopers, a huge market leader in audit industry, issued and cleared a certificate for its client, GlaxoSmithKline, a pharma giant, to issue bonus shares from free reserves.
According to Companies’ Rules 1996, proposed issue of bonus should not be less than twenty five percent of the enhanced paid-up capital.
According to documents received by EconomyAge, A.F.Ferguson gives a green single to GSK (GlaxoSmithKline). The l
March 18, 2012
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