Accounting & Auditing Framework in pakistan Companies Act 2017 (the Act) is the main statute for governing the corporate structure in Pakistan. The Act also specifies the accounting and financial reporting requirements for all corporate entities working in...
Historic Upsurge In Monetary Policy Rate By State-Bank Of Pakistan The State Bank of Pakistan’s Monetary Policy Committee (MPC) on March 2, 2023 has increased the benchmark interest rate (MPR rate) by 300 basis points to 20%, the highest level since October...
Difference between GAAP & IFRS Overview Without accounting and financial reporting standards and principles , businesses could easily skew and distort their financial results to make themselves look more attractive and successful to the investors and general...
Accounting & Reporting of Cryptocurrency under IFRS Over View Cryptocurrency is a type of digital currency that does not have a physical existence. In contrast to fiat currency, it was introduced as a means of exchange in the modern era. Because it is not backed...
Distribution of Financial Resources After 18th Constitutional Amendment – 7th NFC Award Over View As a result of the 18th Constitutional Amendment, the seventh National Finance Commission (NFC) award was announced in 2010. It was generally praised for...
Impact of Recent (2022) Floods on the Economy of Pakistan Pakistan’s economy has suffered significantly as a result of the recent floods. The floods, which began in July 2020, harmed over 20 million people, destroyed or damaged over 1.7 million homes, and...
