Pakistan's Largest Accountancy News Source
By Bilal Siddiqui Ufone, also officially known as Pak Telecom Mobile Ltd (PTML), has been very active with accountancy professional bodies. Previously Offering special discounted rates to Institute of Chartered Accountants of Pakistan, Ufone now joins hand with Institute of Cost and Management accountants of Pakistan (ICMAP) and offering special discount to the members of bodies. According to the press release, discounts are available on all existing
By Ali Ahmad According to our friends at ProPakistani, Orascom Telecom has reportedly bought a license for microfinance bank to start offering branchless mobile banking services in Pakistan under the brand name of Mobilink Waseela. According to the famous tech blog, Mobilink recently completed the buyout of a microfinance license with a price tag of Rs. 1 billion and company has already established a team responsible for financial services. They are now aggressively p
By Ali Ahmad In an interesting development today SECP got discussed in renowned circles of Pakistani entrepreneurs on facebook, and other public platforms - alleging an SECP official of influencing private sector. And how it started? Interesting story According to Monis Rehman, Rozee.PK guy, an SECP official called Mr. Monis Rahman - But Why? [caption id="attachment_2678" align="aligncenter" width="300" caption="Rozze.Pk - One of the Famous Job Portal in Pakistan"][/caption] SEC
By Bilal Siddiqui The S.E.C fined PWC India, $7.5 million in what was described as the largest American penalty ever against a foreign accounting firm. The name PWC has been in news, unfortunately for all the wrong reasons. Be it in India, Afghanistan or Pakistan, PriceWaterCoopers are under accusations everywhere. The Indian affiliate of PricewaterhouseCoopers routinely failed to follow the most 'basic' audit procedures, the United States Securities and
By Ali Ahmad As part of PakistanACCA, I'm not only proud to be the part of fastest growing and largest accountancy news website but I'm also proud for what our team stands for. Partnering with Shahina Aftab Foundation for International Women's Day Conference in Islamabad wasn't just to cater attention but to show our trust in efforts made by Mrs. Noor Aftab (director finance SAF) to help women in Pakistan. And I'd especially thanks to Mr. Arif Masud Mirza (who is curren
By Bilal Siddiqui Apparently, the Engro Rupiya of Engro Company lost its facebook page. According to our search the page was last used on Thursday. According to the last status, a Pakistani hacker claimed that the page was hacked and he brings it back and is looking for the real admin. The supposedly hacker claimed that the page was hacked by some Albanian hacker. If you go through the conversation after the status you might wonder if some friends are having a funny casual chat but the previ
By Bilal Siddiqui (Karachi - Pakistan) We all know ACCA presence on facebook and we are all very unimpressed till weeks ago when ACCA started (finally started) answering queries from prospective and current students. Although many residing in 178 countries (except UK) are still not impressed just because of one single reason. "If you're global then act global. If you're assisting students for exam center during snow time (no doubt the snow was terrible) then others might feel pretty much ign
By Aamir Atta Wateen Telecom today announced that it has received Rs. 2.1 billion as emergency fund injection from Dhabi Group. Wateen didn’t say any word on the type of funding, however, it is assumed that its a soft loan – spanning over a longer duration of period. This fund injection will not dilute Wateen’s shares as a result, said the statement. The primary objective is to secure pending liabilities along with stabilization of Wateen telecom in the market and the stock
By Bilal Siddiqui According to a recent international survey of 2,200 mothers, 81% of children under the age of two currently have some form of online presence — ranging from photos uploaded and shared by their parents, to a full-fledged profile on a social networking site. A full 92% of children in the U.S. have an online presence by the time they are two, compared to 73% in western Europe. The study, which was conducted by Internet security firm AVG, found that nearly one in
By Aamir Atta Telenor’s Internet.more TVC got mixed response from masses; however, almost all bloggers expressed their disapproval over highly noised advert. Arsalan Mir opined that ad was not only a cheap attempt by agency but also an irresponsible attitude from Telenor, while Mudassar Mufti questioned Telenor’s TVC by comparing it with ‘Karo Mumkin Campaign’ and how both the faces of Telenor contradict each other. Some termed it as disrespect to women, while others talked