Business
IFRS 9 accounting software launched in Pakistan
Karachi, May 30, 2019: Abacus Consulting, a leading firm in transformation services, has entered into a strategic alliance with Aestimatio Analytics Inc. on an exclusive basis in Pakistan to provide an end-to-end automated solution for estimating provisions under IFRS 9 for corporations, especially listed companies and financial institutions. SECP has made IFRS 9 accounting standard mandatory…
Pakistan Stock index slightly raising
Karachi, May 30, 2019: Market carried with the momentum showed yesterday and opened on a positive note today with +259pts and 3M shares traded on the opening bell. During the session, the index went up by 577pts however, selling pressure brought the market down to -304pts at a point in time again. The main cause…
Indus Motor Company inaugurates “State of the Art” Toyota University Motors
Karachi, May 29, 2019: Indus Motor Company (IMC) recently re-launched its Toyota University Motors after converting it into a “State of the Art” dealership facility. Situated on Main University Road in Karachi, Toyota University Motors (TUM) is equipped with all the latest tools and technology to provide the best services to its customers. Ali Asghar…
FPCCI shows Concern over the speculation of withdrawn of Zero Rated Facility
Karachi, May 29, 2019: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), S. M. Muneer Former President FPCCI and Iftikhar Ali Malik, Former President FPCCI & Sr. Vice President SAARC-CCI show their serious concern over the speculation of withdrawal of Zero Rated Facility for the five Key…
Pakistan Stock gains 1010 points in a day
Karachi, May 29, 2019: Market bounced from the word Go. Within minutes of initial trading, the index was +150 points and did not look back. Clarity on Market Opportunity and Market Support Fund gave much-needed confidence amongst investors and the erosion saw yesterday in the shape of a drop of ~750 points were recovered today. …