Economic and Finance News
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Badla financing: PAC demands details of investors
ISLAMABAD (April 03 2005): Taking serious notice of the recent crisis in the stock market, Public Accounts Committee (PAC) has…
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‘Bank ratings do not represent SBP’s sanction’: SBP
KARACHI: The State Bank of Pakistan (SBP) while disclaiming its official role connection and the findings of the credit ratings…
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Pakistan to implement Basel-II accord in 2007
KARACHI: The Governor State Bank of Pakistan (SBP), Dr Ishrat Hussain said on Thursday that the implementation of the Basel-II…
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CBR to introduce ‘sales tax free’ system
LAHORE: The Central Board of Revenue (CBR) is introducing a rule to be called ‘Delivery of goods without payment of…
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PICIC applies for merger with PICIC Bank
LAHORE: The Central Board of Revenue (CBR) is introducing a rule to be called ‘Delivery of goods without payment of…
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NBFIs may start non-banking business
KARACHI: Securities and Exchange Commission of Pakistan (SECP) will shortly allow Non-Banking Financial Institutions (NBFIs) to start 10 new types…
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CDC cuts annual fee by 67 percent
KARACHI (February 26 2005): The Central Depository Company (CDC) has reduced the investor account holders' annual fee by almost 67…
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Central Excise Act being redrafted
ISLAMABAD (February 26 2005): The Central Board of Revenue (CBR) is redrafting Central Excise Act, 1944 to make it more…
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Carryover transaction exposure of banks and DFIs capped
KARACHI (February 27 2005): In order to ensure smooth transition from COT to Margin Financing, the State Bank of Pakistan…
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CBR may refer tax crime cases to FIA
ISLAMABAD (February 27 2005): The Board-in-Council on Saturday decided that the Central Board of Revenue (CBR) may refer major cases…
