Eid Ul Azha Mubarak
Thursday, November 26, 2009
What a flying Cow..
Labels: Eid Ul Azha
posted @ 7:05 PM,
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SECP Extends Last Date of Filing of Annual Accounts Upto December 04, 2009
SECP extends last date of filing of annual accounts upto December 4, 2009 vide press release as per following.
The extension in time allowed by Securities and Exchange Commission of Pakistan (SECP) for filing of annual returns upto Friday December 4, 2009, is also applicable on filing of annual accounts.
SECP had already extended the last date for filing of annual returns for further four days, i.e., upto December 4, 2009 on account of the Eid holidays. It is clarified that the extension in time is also applicable on filing of annual accounts.
All public listed, public unlisted, associations not for profit, and private companies (having a paid up capital of Rs. 7.5 million or more), which have held their Annual General Meeting on October 31, 2009, are required to file their annual accounts within 30 days, by November 30, 2009. Besides, foreign companies are also required to file annual accounts relating to their business operations in Pakistan as well as global accounts.
Annual accounts from companies will be accepted during the extended period without additional payment of fee for late filing, as prescribed under the law. The Companies may file the annual accounts through eServices, by this link. The filing fee through eServices has been set lower than manual submission, to encourage online filing.
The extension in time allowed by Securities and Exchange Commission of Pakistan (SECP) for filing of annual returns upto Friday December 4, 2009, is also applicable on filing of annual accounts.
SECP had already extended the last date for filing of annual returns for further four days, i.e., upto December 4, 2009 on account of the Eid holidays. It is clarified that the extension in time is also applicable on filing of annual accounts.
All public listed, public unlisted, associations not for profit, and private companies (having a paid up capital of Rs. 7.5 million or more), which have held their Annual General Meeting on October 31, 2009, are required to file their annual accounts within 30 days, by November 30, 2009. Besides, foreign companies are also required to file annual accounts relating to their business operations in Pakistan as well as global accounts.
Annual accounts from companies will be accepted during the extended period without additional payment of fee for late filing, as prescribed under the law. The Companies may file the annual accounts through eServices, by this link. The filing fee through eServices has been set lower than manual submission, to encourage online filing.
Labels: SECP
posted @ 12:46 PM,
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Job in Meezan Bank Limited
Category: Financial Services
Job Type: Full Time
Job Location: Karachi
Gender: Male
Minimum Education: Master's Degree
Degree Title: Chartered Accountant
Career Level: Manager
Required Experience: 7 Years - 10 Years(Working epxerience as Manager Finance in any Bank or Financial Institution)
Apply here By December 14, 2009
Labels: Jobs
posted @ 12:09 PM,
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Award of Medals - ICAP (Foundation Exam)
Wednesday, November 25, 2009
ICAP Gold Medal
(Ameena Khatib Foundation)
Ms. Syeda Mehrunnisa (Roll # 4061770) d/o Syed Ashfaque Mazhar has qualified Module 'C' and has been awarded this medal for her outstanding performance in the subject of 'Financial Accounting' of the intermediate examinations.
Kasbati Memorial Gold Medal
Mr. Hassaan Hamid (Roll # 4057170) S/o Hamid Ali has qualified Intermediate Examination and has been awarded this medal for his outstanding performance in Module 'C' and 'D'.
Labels: ICAP
posted @ 3:44 PM,
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Picture Of The Day - Mom, Dad and Munna
Labels: Barack Obama, Zardari
posted @ 3:24 PM,
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State Bank of Pakistan - New Monetary Policy
Tuesday, November 24, 2009
A cursory look at key macroeconomic indicators shows substantial improvements on multiple fronts. Inflation (YoY) has fallen to 8.9 percent in October 2009 and is expected to remain in the vicinity of 11 percent by the end of current fiscal year. External current account has improved considerably, positively altering its projected trajectory. With government borrowings from the SBP remaining within the quarterly limits, the broad money (M2) has also remained contained along the projected path. The real sector is also showing signs of improvement as the large scale manufacturing (LSM) stage a recovery after a protracted declining phase. However, a close inspection of these encouraging developments together with a pragmatic assessment of prevailing security situation in the country and fiscal uncertainties invite caution and further analysis.
Recent month-on-month inflation changes in headline and core measures continue to be volatile and on the higher side, oscillating between 0.5 and 1.7 percent in case of the former and remaining stuck at 0.8 percent in case of the later. A reassuring fact is that the number of items in the CPI basket showing higher monthly increases relative to an historical benchmark has come down significantly. However, at the same time, the number of items displaying significant inflation persistence has also increased, which indicates the probable entrenchment of second round effects of inflationary process. The poor administration in the supply chain of some food items is not helpful either in positively altering inflation expectations. A higher than projected fiscal deficit for FY09 has also changed some underlying assumptions for inflation outlook in FY10. In addition, the full impact of electricity and gas price adjustments, a necessary part of fiscal consolidation measures, and recent resurgence of international commodity prices, on the back of early signs of global economic recovery, remains a source of uncertainty for inflation outlook.
Apart from influencing commodity prices, the recovering global economy is expected to revive global trade and flow of liquidity across borders, which bodes well for Pakistan’s exports and private financial flows. The recent strong inflow of workers’ remittances and a substantially improved external current account deficit of $1.1 billion in the first four months of FY10 may allow Pakistan’s economy to absorb the likely swelling of import bill induced by a nascent domestic recovery and higher international oil prices. However, the strength and sustainability of its overall balance of payments crucially depends on resumption of foreign financial flows.
Of these, portfolio inflows have picked up, direct investment has fallen, and official inflows, other than IMF, remain lower compared to projections. Looking forward, the magnitude and timing of expected non-IMF foreign inflows remain uncertain and could increase the challenges of SBP’s liquidity management and government’s budgetary financing.
To read more visit here.
Labels: Monetary Policy, SBP
posted @ 7:30 PM,
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Mobile Race
With 93 million cellular subscribers (by May 2009), Pakistan stands fifth position for number of mobile users in Asia.China easily ranks first with 644.8 million subscribers, while India scores second position by having 391.6 million mobile phone users. These two countries share 25 percent of total mobile phone users in the world, that is 1.04 billion subscribers of the world’s total number of 4.15 billion.
The third largest mobile market in Asia is Indonesia, with around 144.6 million, followed by Japan.
In fifth position is Pakistan, followed by Vietnam with around 73.2 million users.
The seventh is the Philippines with 71.7 million, followed by Thailand 62.7 million, Bangladesh 46.3 million and South Korea 46.2 million.
The top ten countries for mobile users in Asia have 3.48 billion people and 1.68 billion mobile users.
Labels: Economy and Business
posted @ 4:48 PM,
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Queen Torrent Search
Thursday, November 19, 2009
Any body who is connected with internet in any way must visit any search engines to get required information. There are number of search engines available in the market and internet which are providing such services. However, I personally found torrents download one of the best among all.
There are number of reason to choose this site including interface is simple and clear, search engine is very powerful among all and you would get the opportunity to download lots of games, music, films for free in to time without the fear of downloading empty and not complete file. This site is regularly updated which are based on torrent files. Further every day bots cover thousands of sites with torrent files and add them to the database.
There are number of reason to choose this site including interface is simple and clear, search engine is very powerful among all and you would get the opportunity to download lots of games, music, films for free in to time without the fear of downloading empty and not complete file. This site is regularly updated which are based on torrent files. Further every day bots cover thousands of sites with torrent files and add them to the database.
posted @ 1:44 PM,
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