Finance
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CCP issues notices to four banks for advertising incorrect profit rates
ISLAMABAD (January 30 2009): The Competition Commission of Pakistan (CCP) has issued notices to four banks for advertising term/time deposit…
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SBP Allows Banks to Use Market Price of Dec. 31, 2008 for Listed Securities
KARACAHI (January 28 2009): In order to avoid subjectivity in mark to market of investments held by banks, the State…
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Prudential Regulations Amended – Banks to Avail 30 Percent FSV Benefit of Collateral
KARACHI (January 28 2009): State Bank of Pakistan has allowed the banks to avail 30 percent benefit of Forced Sale…
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SBP Allows One-year Grace Period on Long Term Financing Facility
KARACHI (January 23 2009): The State Bank of Pakistan (SBP) has given a one year grace period on loans availed…
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SECP Issues Draft of Companies Buy-back of Shares Regulations, 2009
ISLAMABAD (January 23 2009): The Securities and Exchange Commission of Pakistan (SECP) has issued draft of the “The Companies (Buy-Back…
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KSE amends listing regulations regarding transfer pricing and corporate governance
Jan. 20, 2009 – KARACHI: The Karachi Stock Exchange has made amendments to the listing regulations regarding transfer pricing and…
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SBP announces exposure limit reduction process for banks
KARACHI (January 20 2009): As part of banking reforms, the State Bank of Pakistan has provided a roadmap for banks…
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FBR merges direct tax, sales tax and federal excise into one department
ISLAMABAD (January 16 2009): The Federal Board of Revenue has merged direct tax, sales tax and federal excise into one…
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SBP orders banks to make POL-related foreign exchange purchases from interbank
KARACHI (January 16 2009): The State Bank of Pakistan on Thursday announced that all purchases of foreign exchange relating to…
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FBR cuts depreciation to one percent on Import of old, used vehicles
ISLAMABAD (January 15 2009): The Federal Board of Revenue (FBR) has reduced depreciation from two to one percent on import…
