Recognition of companies’ earnings requires reassessment
Business is all about profit. Every company has its ordinary business activity of selling goods or services, for a monetary consideration. The monetary values of such goods or services are…
How US bike companies are steering around Trump’s China tariffs
US-based bicycle manufacturer Kent International has found a way around President Donald Trump's tariffs - by shifting production out of China. Like almost all US bike-makers, Kent has long relied…
Shahbaz Sharif and the 56 companies
Politicians love media exposure. They are always thinking of the next election - votes matter. To garner votes politicians resort to various strategies - including setting up 56 companies. Since…
Cost audit under the Companies Act, 2017
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)…
Automakers, tech companies decide to make deals, not war
A flurry of deals between big automakers and ride hailing and transportation start-ups is rewriting the playbook in the contest to control the future of personal transportation. Automakers now recognize…
Companies Ordinance, 2016Executive Summary
A number of new definitions added and some existing definitions are amended to bring clarity. Several of these terms are already in use in code of corporate governance and general…
Comments on Companies Ordinance, 2016
The companies' law is the primary and mother law for the businesses to be run under the corporate sector. Other laws, including banking laws etc rely on this primary law…
Role of shell companies in corrupt transactions
The term "shell company" generally refers to limited liability companies and other business entities with no significant assets or ongoing business activities. Shell companies are formed for both legitimate and…
Big US companies weigh risks from Brexit
Rattled by the Brexit shock, major US companies are seeking more clarity about the future of the British market, their preferred entry port to Europe. From clothing chain stores to…
SC seeks report on use of funds by oil, gas companies
ISLAMABAD: The Supreme Court on Wednesday sought a comprehensive report from the provinces on spending of funds received from the oil and gas companies.The court directed the advocate generals of…
