Abraaj fund investors hire Duff & Phelps to help recover money: sources
The advisory firm will seek to trace an estimated $33 million owed by Abraaj relating to the Infrastructure and Growth Capital Fund
AF Ferguson celebrates 125 years of service
KARACHI: AF Ferguson & Co. on Friday celebrated its 125 years of professional services.
The event, held at a local hotel in Karachi,...
SECP disposes proceedings against K-Electric, imposes fine on CEO and directors
KARACHI: Securities and Exchange Commission of Pakistan (SECP) on Friday said it had disposed of proceedings initiated against the CEO and board of...
China approves rollover of $2b SAFE deposits
IMF puts pressure on Pakistan to bridge $6b gap, urges bilateral partners to fulfill commitments
FIA to undertake special audit of mega transport projects: Report
During the previous government's tenure, large transport projects were undertaken including Punjab’s capital city Lahore and various other cities with financial assistance from China
Stakeholders point out serious flaws in OGRAs foreign exchange losses adjustments
The stakeholders of the oil sector have pointed out serious flaws in the policy of the Oil and Gas Regulatory Authority (OGRA)...
AGP office, federal government at loggerheads over exempting of audit to secret service fund
According to sources, AGP department which comes under the purview of the Finance Ministry is mulling to challenge the amendment in the AG’s ordinance in the apex court
Colony NorthStar ends talks with Abraaj to acquire fund management unit: Report
Reuters on Thursday reported creditors were seeking legal advice from law firm Clifford Chance on the potential action they could initiate against Abraaj in wake of worries over its ability to repay its debt, two sources close to the matter revealed
AGP forms team to conduct forensic audit of loss-making SOEs
ISLAMABAD: The Auditor General of Pakistan (AGP) has constituted a four-member team to conduct forensic audit of major loss-making state-owned entities (SOEs).Â
According...
FBR to engage services of foreign experts for tax audit
The commissioner has also been authorized to constitute a body of auditors for carrying out a specialized audit, including a forensic audit
Tax regulator contemplating forensic audit of share transactions
The Federal Board of Revenue (FBR) officials deduced hiding of withholding taxes on share transactions since the brokerage commission on these transactions exhibited growth during FY18
President stresses need to automate audit processes
President Dr Arif Alvi has emphasised the need to introduce modern technology in the audit processes so as to ensure maximum transparency,...