LAHORE - The Lahore High Court yesterday allowed conditionally to the students of ACCA and ICEAW to work at approved accountancy firms on petitions challenging alleged malpractices of Institute of Charged Accountants of Pakistan (ICAP).

The court also directed Higher Education Commission of Pakistan to grade the degrees of foreign students.

Justice Syed Mansoor Ali Shah of the LHC passed the order on a petition filed by an ACCA professional student Safwan Saleem. During the course of hearing, the counsel of ICAP told the judge that ICAP provides quality of education to the students of accountancy each year and ensures their training at registered firms.

He said ICAP preferred local students on students having qualification from the foreign universities, because the locals’ had first right to get training. The petition disposed of. The LHC Registrar office yesterday returned with objection a petition challenging the recent 20 percent increase in medicines prices.

The registrar office raised objection that the relevant documents were

not attached with the petition. Ishtiaq Chaudhry advocate had filed the petition and pointed out that that this increase was unjust and was a barbarian act.

He stated that the rates of life saving drugs were increased which would

multiply the sufferings of the patients. He requested to declare this 20 percent increase as illegal. He also prayed to to take action under the law against the companies who increase prices of drugs more than approved prices.