Unsustainable industrial water consumption has become a massive environmental sustainability challenge. Discharge of untreated wastewater, lack of water-efficient technologies, and absence of recycling and reuse techniques are significant contributors to…
According to a Press report, the government of Pakistan Tehreek-i-Insaf (PTI) “has quietly closed over 310,000 tax audit cases that had been automatically selected from 2015 to 2017 due to…
Selection for and conduct of audit is not ex facie detrimental to the interest of taxpayer, however to exercise such powers; the discretion needs to be structured by framing rules…
Selection for and conduct of audit is not ex facie detrimental to the interest of taxpayer, however to exercise such powers; the discretion needs to be structured by framing rules…
In Nestle Pakistan Limited etc. v Federal Board of Revenue [(2017) 115 TAX 84 (H.C. Lah.)], Lahore High Court held that "FBR shall rectify the defects pointed out, hereinbefore, in…
The Companies Act, 2017, after much fanfare, has now been enforced in Pakistan. The finance minister acknowledged and appreciated the good efforts of Securities and Exchange Commission of Pakistan (SECP)…
The differences between the Federal Ministry of Water and Power and Ministry of Finance over the payment of public money to Independent Power Producers (IPPs) in the guise of circular…
Report of the Auditor General of Pakistan on the Punjab government accounts for audit year 2013-14 make quite interesting, alarming as well as concerning reading to say the least. Besides…
The Word Customs Organisation (WCO) has given the theme of 'Coordinated Border Management' (CBM) to the customs organisations world over for adopting this practice area during the year 2015. Current…
Corporate set-ups need to be dynamic, vibrant and consistent yet they also need to navigate the course as the situation demands. The starting point for setting-up an Internal Audit department…
