Finance
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SBP develops new guidelines for loan write-off
LAHORE (January 03 2003) : State Bank of Pakistan (SBP) has developed a new set of guidelines in consultation with…
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Subsidiaries allowed for Islamic banking
KARACHI (January 02 2003) : The State Bank of Pakistan on Wednesday authorised the commercial banks to set up subsidiaries…
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CBR to conduct 'desk audit' of taxpayers
ISLAMABAD (January 02 2003) : While terming the performance of sales tax auditors as below standard, the Central Board of…
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New Jubilee Insurance acquires Commercial Union in Pakistan's general insurance business
KARACHI (January 02 2003) : The New Jubilee Insurance Co has acquired the general insurance business of Commercial Union in…
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Plan for pensioners soon: profit rates on savings schemes reduced
ISLAMABAD (January 02 2003) : The dawn of the New Year witnessed the scaling down of the profits on the…
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Non-compliance of minimum paid-up capital: 12 insurance companies stopped from further business
KARACHI (January 02 2003) : The Securities and Exchange Commission of Pakistan (SECP) has directed 12 insurance companies to cease…
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Pakistan is top share index in 2002, Germany worst
LONDON (January 01 2003) : As stock markets ground to the end of another troubled year on Tuesday, Pakistan's stood…
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SBP allows third-currency exposures to importers
KARACHI (January 01 2003) : The State Bank of Pakistan has announced that third-currency exposures would also be available for…
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Karachi Stock Exchange index crosses 2700 mark
KARACHI (January 01 2003) : Equities marched upward and the KSE-100 index for the first time crossed the 2700 mark…
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CBR to hire industrial experts for checking tax evasion
ISLAMABAD (January 01 2003) : The Central Board of Revenue (CBR) has decided to acquire the services of industrial specialists…
