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KPMG

ACCA hosts ‘Pakistan Leadership Conversation 2024’ events

KARACHI: The Association of Chartered Certified Accountants (ACCA) successfully organized its Pakistan Leadership...

Published 30 Jan, 2024 04:52am

Rs60m approved for KP Medical Transplantation Regulatory Authority

PESHAWAR: The caretaker provincial cabinet approved Rs60 million for Khyber Pakhtunkhwa Medical Transplantation...

Updated 01 Jan, 2024 09:26am

Markets

KPMG fined 3.3mn pounds over Rolls-Royce audit

LONDON: Britain’s accounting watchdog said on Tuesday it has fined KPMG 3.3 million pounds ($4.16 million) over the...

Published 24 May, 2022 05:55pm

World

Singapore files 13 more charges in massive nickel trading fraud

SINGAPORE: Singapore prosecutors on Monday filed 13 additional charges against a local businessman in relation to a...

Published 29 Jun, 2021 03:24am

Business & Finance

Serba Dinamik says audit flags issues with deals involving $847mn

KPMG noted that it was not able to verify contracts and transactions with 11 customers, Serba Dinamik said in a stock exchange filing on Friday.
The deals amounted to total sales transactions of 2.3 billion ringgit, trade receivables balance of 652 million ringgit and materials on site balance of 569 million ringgit, the company said.

Published 29 May, 2021 06:21pm

Business & Finance

Holt to head KPMG's UK arm ahead of Carillion probe outcome

"Now is the time to challenge ways of working and use what we've learnt during the pandemic to really drive positive action," Holt said in a statement.
It indicates the regulator has found breaches of auditing standards and is giving KPMG time to respond before it makes a final decision on whether to pursue enforcement action and financial penalties.

Published 12 Apr, 2021 07:26pm

Business & Finance

Uzbekistan names consultants for 18 privatisation deals

The three consultancies "will support UzAssets by providing financial, tax and legal due diligence, valuation services and identifying and negotiating with potential buyers", it said in a statement.
Among the assets to be sold off are majority stakes in Kafolat, one of the Central Asian nation's largest insurance companies, Quartz, the country's largest glass producer, and Trest-12, a leading construction company.

Published 06 Apr, 2021 09:52am

Business & Finance

Italy expects EU to OK renewal of GACS bad loan scheme in April

GACS scheme helped Italy's banks shed 87 bln euros in bad loans.
Set to ease up to 25 bln euros in sales in 2021 – KPMG.
Italy refuses to extend measure to unlikely-to-pay (UTP) loans.

Updated 02 Apr, 2021 09:16pm

Business & Finance

Major employers scrap plans to cut back on offices - KPMG

Just 17% of chief executives plan to cut back on offices, down from 69% in the last survey in August.

Published 23 Mar, 2021 10:18am

Technology

Big Tech backs plan to tackle e-waste crisis

PARIS: Major technology firms including Dell, Microsoft and Google have joined a new initiative aimed at creating a...

Published 22 Mar, 2021 04:18am

Business & Finance

KPMG's South Africa arm to stop offering ‘non-audit-related services’

A number of firms, including Barclays Africa and Sibanye-Stillwater, and the national government have stopped using KPMG.
Non-audit-related services include consulting, business analysis, and legal or expert services unrelated to the audit.

Published 15 Feb, 2021 07:31pm

Business & Finance

KPMG boss resigns after ‘moaning’ jibe at audit staff

LONDON: The UK chairman of KPMG has resigned after he told staff at the global accountancy firm to “stop ...

Published 14 Feb, 2021 03:49am

Audit of FY 2019-20: Nadra likely to appoint EY Ford Rhodes

ISLAMABAD: The National Database & Registration Authority (Nadra) is likely to appoint M/s EY Ford Rhodes to...

Published 26 Jan, 2021 05:05am

Business & Finance

M&A deals in Turkey bounce back to $6.9 billion: KPMG

Together with undisclosed deals in 2020, the value was estimated at $9 billion.
KPMG expects a billion-dollar M&A deal in the technology sector this year.

Published 04 Jan, 2021 07:22pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	282.73
USD PKR Interbank Buying / Jun 12	282.53
USD to Japanese Yen / Jun 12	143.91
USD to Swiss Franc / Jun 12	0.82
Pound Sterling to USD / Jun 12	1.35
Euro to USD / Jun 12	1.15
UK LIBOR % / Jun 11	4.96

Stock	Volume
S&P 500 / Jun 11	6,022.24
Nasdaq / Jun 11	19,615.88
Dow Jones / Jun 11	42,865.77
India Sensex / Jun 12	82,355.26
Tokyo Nikkei / Jun 12	38,173.09
Hang Seng / Jun 12	24,037.41
FTSE 100 / Jun 12	8,864.73
Germany DAX 30 / Jun 12	23,697.86
France CAC40 / Jun 12	7,718.48

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 11	16,985
Gold 10 Grams PKR / Jun 11	302,554
Petrol/Litre / Jun 12	253.63
Crude Oil USD/Barrel / Jun 12	67.42
Gold Spot USD/Ounce / Jun 12	3,343.62
Diesel/Litre / Jun 12	254.64
Cotton US¢/pound / Jun 12	67.28

Gainers
Losers
Leaders

Stock	Price
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	6.11 ▲ 1 (19.57%)
Grays Leasing / Jun 12 Grays Leasing Limited(GRYL)	6.61 ▲ 1 (17.83%)
Dewan Farooque Sp. / Jun 12 Dewan Farooque Spinning Mills Limited(DFSM)	5.21 ▲ 0.53 (11.32%)
Apna Microfin. / Jun 12 Apna Microfinance Bank Limited(AMBL)	10.64 ▲ 0.97 (10.03%)
Sardar Chemical / Jun 12 Sardar Chemical Industries Limited(SARC)	70.80 ▲ 6.44 (10.01%)
Saif Textile / Jun 12 Saif Textile Mills Limited(SAIF)	17.25 ▲ 1.57 (10.01%)
Shadman Cotton / Jun 12 Shadman Cotton Mills Limited(SHCM)	43.07 ▲ 3.92 (10.01%)
Bannu Woollen / Jun 12 Bannu Woollen Mills Limited(BNWM)	44.41 ▲ 4.04 (10.01%)
First Elite Cap.Mod / Jun 12 First Elite Capital Modaraba(FECM)	42.20 ▲ 3.84 (10.01%)
Nets Internat.Comm. / Jun 12 Nets International Communication Limited(GEMNETS)	28.50 ▲ 2.59 (10%)

Stock	Price
PIA Holding Co.B / Jun 12 PIA Holding Company Limited B(PIAHCLB)	20,987.89 ▼ -2331.99 (-10%)
Khyber Textile / Jun 12 Khyber Textile Mills Limited(KHYT)	1,993.94 ▼ -221.55 (-10%)
Otsuka Pakistan / Jun 12 Otsuka Pakistan Limited(OTSU)	398.57 ▼ -42.15 (-9.56%)
Ideal Spinning / Jun 12 Ideal Spinning Mills Limited(IDSM)	14.54 ▼ -1.45 (-9.07%)
First Capital Equities / Jun 12 First Capital Equities Limited(FCEL)	4.01 ▼ -0.39 (-8.86%)
Pak Paper Prod / Jun 12 Pakistan Paper Products Limited(PPP)	158.38 ▼ -12.76 (-7.46%)
Chenab Ltd / Jun 12 Chenab Limited(CHBL)	6.17 ▼ -0.49 (-7.36%)
Hinopak Motor / Jun 12 Hinopak Motors Limited(HINO)	374.16 ▼ -28.7 (-7.12%)
Zahid Jee Textile / Jun 12 Zahidjee Textile Mills Limited(ZAHID)	27.06 ▼ -1.99 (-6.85%)
ECOPACK Ltd / Jun 12 Ecopack Limited(ECOP)	85.11 ▼ -6.09 (-6.68%)

Stock	Volume
Sui South Gas / Jun 12 Sui Southern Gas Company Limited(SSGC)	55,899,181 ▲ 0.78
Fauji Cement / Jun 12 Fauji Cement Company Limited(FCCL)	50,597,576 ▲ 0.49
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	49,327,936 ▼ -0.08
Pervez Ahmed Consultancy / Jun 12 Pervez Ahmed Consultancy Services Ltd.(PASL)	49,092,533 ▼ -0.07
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	40,260,789 ▲ 0.74
K-Electric Ltd. / Jun 12 K-Electric Limited(KEL)	38,519,154 ▼ -0.24
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	38,443,385 ▲ 1
Dewan Cement / Jun 12 Dewan Cement Limited(DCL)	27,852,990 ▼ -0.43
Kohinoor Spining / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	26,083,851 ▼ -0.18
Treet Corp / Jun 12 Treet Corporation Limited(TREET)	24,336,515 ▼ -0.27

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