Pakistan News

    Big Four Audit Firms In Pakistan 2013

  • SECP approves uniform criteria for audit firms

    ISLAMABAD: The Securities and Exchange Commission of Pakis­tan (SECP) on Wednesday approved criteria for audit firms for the listing on the SECP’s panel of auditors...

    A recent data review of the audit firms being regulated by the SECP revealed that the firms did not consider the quality of auditors properly while assigning them the task...

  • Foreign tourists to Pakistan more than triple since 2013

    As terrorism recedes in Pakistan, tourism appears to be on the rise, with more than thrice the number of international tourists travelling to the country in 2016 as compared to just three years ago, Bloomberg reported...

    Pakistan Tourism Development Corporation (PTDC) data showed that international tourists have more than tripled since 2013 to 1...

  • 122 ‘sectarian incidents’ took place in Pakistan since 2013, NA told

    ISLAMABAD: The National Assembly has been informed that 122 sectarian incidents have taken place all over the country since June 2013 and 10 banned organisations have claimed responsibility, or found involved during investigations, of 91 of them...

    According to a written reply to a question by MNA Saman Sultana Jafri of the Muttahida Qaumi Movement, Interior Minister Ahsan Iqbal states that 56 sectarian incidents took place in Punjab,...

  • Big US firms hold $2.1tr overseas to avoid taxes

    The study, by two left-leaning non-profit groups, found that nearly three-quarters of the firms on the Fortune 500 list of biggest American companies by gross revenue operate tax haven subsidiaries in countries like Bermuda, Ireland, Luxembourg and the Netherlands...

  • Iran is more tempting for big oil firms

    LONDON: The world is awash in crude, but big oil companies are lining up to develop new fields in Iran even as they slash spending and abandon exploration elsewhere...

    The company’s gross oil production from its two main fields in Kurdistan surged by about two thirds to 194,000 barrels a day between 2013 and 2014...

  • Big firms should embrace entrepreneurial capitalism

    Its distinguishing feature is the strong presence of oligopolies in which a few big companies or groups together hold a major or controlling share of their segment of the market...

    Economists stress that large firms need to innovate and fully embrace entrepreneurial capitalism for building a globally competitive domestic economy and sustaining economic growth...

  • Can big firms be forced to go public?

    THE number of companies listed on the Pakistan Stock Exchange (PSX) is abysmally low at 560, representing a stunning drop from 638 that traded on the exchange just six years ago...

    The Securities and Exchange Commission of Pakistan (SECP) announced last Wednesday that it had registered 881 new firms in November, taking the number of total registered companies to 84,201...

  • Three quarters of big UK firms downbeat on Brexit: survey

    LONDON: A record 75 per cent of major British companies are now pessimistic about Brexit, a survey showed on Monday, adding to signs of anxiety around the economy as Britain’s divorce with the European Union draws near...

    Weak investment and waning expectations for sales marked Deloitte’s latest quarterly survey of chief financial officers (CFOs), watched by the Bank of England as a gauge of business confidence
  • Indian panel wants localisation of cloud storage data in possible blow to big tech firms

    NEW DELHI: A panel working on the Indian government’s cloud computing policy wants data generated in India to be stored within the country, according to its draft report seen by Reuters, a proposal that could deal a blow to global technology giants such as Amazon and Microsoft who offer such services...

    It could not only raise their costs because they will need to ramp up the number and size of data storage centres in India, where power...
  • Japanese reporter died in 2013 after 159 hours of overtime

    NHK reporter Miwa Sado, 31, who had been covering political news in Tokyo, was found dead in her bed in July 2013, reportedly clutching her mobile phone...

    NHK eventually made the case public four years later, bowing to pressure from Sado's parents to take action to prevent a recurrence...

  • ECP rejects PTI claim of manipulation of 2013 polls

    ISLAMABAD: The Election Commission of Pakistan rejected on Wednesday Pakistan Tehreek-i-Insaf’s claim that the 2013 general elections were systematically manipulated or influenced by design...

    About unauthorised printing of additional ballot papers and delivery, the ECP said the process of procurement of papers for printing of ballot papers was an exclusive responsibility of the Printing Corporation of Pakistan and the Pakistan...

  • ECP asked to provide details of ballot papers printed for 2013 polls

    ISLAMABAD: The Federal Ombudsman’s Secretariat has taken notice of the refusal by the Election Commission of Pakistan (ECP) to provide record pertaining to ballot papers printed for 2013 general elections to an applicant, observing that it was not justified and amounted to a violation of spirit of the Freedom of Information Ordinance (FIO) 2002...

    2013 by the federal Ombudsman’s institutional reforms act, 2013,” the communiqué sent to...

  • Turkey acquits all 26 leaders of 2013 protests

    ISTANBUL: A Turkish court on Wednesday acquitted more than two dozen activists who helped launch mass protests in 2013 against President Recep Tayyip Erdogan, after a trial slammed by rights campaigners...

    The 26 suspects are all leaders of Taksim Solidarity, an umbrella group of civil society, union and political groups at the forefront of the May-June 2013 demonstrations that marked the biggest challenge yet to the dominance of the...

  • ECP rejects ex-official’s allegations of rigging in 2013 polls

    ISLAMABAD: The Election Commission of Pakistan (ECP) has dismissed allegations levelled by its former additional secretary Mohammad Afzal Khan that the 2013 general elections were massively rigged and said that no proof exists to substantiate his claims...

    Afzal Khan claimed in a television interview that people’s mandate was stolen in the 2013 elections and he accused former chief justice Iftikhar Muhammad Chaudhry of being involved...

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