09-28-2004, 08:40 PM
Are Banks in Pakistan, UK, US, Canada allowed to
1)own property as an investment ?
2)own shareholding in a subsidiary as a holding company ?
Salam
According to my knowledge, the answer to ur first questions is "NO"
Banks are not allowed to own property as an investment property, that is why the implementation of IAs 40 (Investment Property) has been deferred by the SBP (Central Bank) here in Pakistan
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Idrees
1)own property as an investment ?
2)own shareholding in a subsidiary as a holding company ?
Salam
According to my knowledge, the answer to ur first questions is "NO"
Banks are not allowed to own property as an investment property, that is why the implementation of IAs 40 (Investment Property) has been deferred by the SBP (Central Bank) here in Pakistan
<font face='Georgia'></font id='Georgia'><font size=5></font id=size5><font color=blue></font id=blue>
Idrees