News
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SBP notifies banking and branch licence renewal fees
KARACHI (October 06 2004): The State Bank has decided to charge renewal fee for banking licence and renewal fee for…
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No housing finance for buying plot only, 50 percent loan be attached with construction, banks told
KARACHI (October 06 2004): The State Bank on Tuesday asked banks and development finance institutions (DFIs) to not allow housing…
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SECP fines Dewan Mushtaq Group Rs 1m
KARACHI: Dewan Mushtaq Group has been fined Rs1 million by the Securities and Exchange Commission of Pakistan (SECP) for violating…
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Association of accountants launched in Qatar
An accountants association has been formed in Qatar and both, nationals and expatriates, holding degrees in accountancy are eligible to…
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Drawback rates on PSF-based products raised
ISLAMABAD (October 05 2004): To make the textile products more competitive in the international market, the Central Board of Revenue…
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SBP plans new Islamic product
KARACHI: The State Bank of Pakistan (SBP) is introducing a new Sharia-compliant money market product, to be called Ijara Sukuk,…
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TeleCard to offer Rs 2bn rights issue
KARACHI: TeleCard said on Monday its board of directors had approved a 200 per cent Rights Offer to be issued…
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SBP to monitor financial frauds
KARACHI: State Bank of Pakistan (SBP) is going to initiate the monitoring and recording of financial and banking frauds committed…
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PTCL may announce Rs 30 billion profit
KARACHI: The board of directors of the Pakistan Telecommunication Company Ltd (PTCL) is expected to announce an after tax profit…
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KPMG pays $18 million in GenAm settlement
Liquidators for General American Life Insurance Co. were scheduled to go to trial Nov. 1 in Kansas City, where they…
