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1-10 results from 1000 for query «banking»

April 21, 2018 12:00 AM SBP proposes tax cut on transactions

ISLAMABAD: The State Bank of Pakistan (SBP) has asked the government to slash the advance tax from 0.3 percent to 0.1 percent for filers on cash withdrawals from banks exceeding Rs 50,000, and abolish the Super Tax in the upcoming budget 2018-19. The SBP has referred to sections 231 A and 231 AA of the Income Tax Ordinance pertaining to the withholding 1

April 11, 2018 12:00 AM Media Matters announces affiliation with Grayling

KARACHI : Media Matters, one of Pakistan’s leading public relations firms, has announced its affiliation with Grayling, a world-leading communications solutions provider. The partnership will enhance Media Matters’ international reach while allowing the company to leverage Grayling’s international resources and expertise. Grayling is a global agency

April 3, 2018 12:00 AM Traders meet LCCI president

LAHORE: Lahore Chamber of Commerce and Industry will continue its untiring efforts till major hurdles like withholding tax on bank transactions, difficult taxation system, and misuse of discretionary powers are resolved, a statement said on Monday. Talking to a delegation of traders, led by Baber Mahmood, LCCI President Malik Tahir Javaid said that the business 9

March 27, 2018 12:00 AM Foreign firms repatriate $1.459bln profit in July-February

KARACHI: Multinational firms profit repatriation jumped 20.77 percent to $1.459 billion in last eight months of the current fiscal year of 2017/18, the central bank data showed on Monday. In February 2018, profit and dividend repatriation on foreign direct investment (FDI) stood at $116.1 million. A largest repatriation was seen in the financial sector 9

March 15, 2018 12:00 AM Bank deposits up 11.63pc to Rs11.880 trillion in February

KARACHI: Deposits with banks grew 11.63 percent to Rs11.880 trillion at the end of February 2018 in a sign that the sector is enjoying the benefits of economic expansion, according to the figures released by the State bank of Pakistan on Wednesday. Analysts said banks have succeeded in attracting a decent inflow of deposits because of improving economic 14

March 13, 2018 12:00 AM ‘Malaysian banks face risk on loans’

KUALA LUMPUR: Malaysian banks face risks on their commercial real estate loans in 2018, although their overall asset quality is expected to remain stable on improving macroeconomic conditions and slower formation of new nonperforming loans, Moody's said in a report. The commercial real estate sector in Malaysia was a key concern for potential asset quality 23

March 10, 2018 12:00 AM Banks asked to increase nonfarm loans in rural areas

ISLAMABAD: Minister of Privatisation Daniyal Aziz on Friday proposed amendments into a law to extend credit outreach of banking sector beyond agriculture sector. Aziz proposed amendment in ‘Loans for Agriculture, Commercial and Industrial Purposes Act 1973’. “The minister stressed the need for revisiting the… act, which was restricted with only agriculture 9

March 9, 2018 12:00 AM PM’s aide Ali Jahangir appointed envoy to US

ISLAMABAD: Ali Jahangir Siddiqui, son of Jahangir Siddiqui who is the founder of the JS Group, has been appointed as Pakistan’s Ambassador to the US and will assume the charge next month upon the retirement of Aizaz Ahmed Chaudhry, Geo News quoted sources as saying. Ali Jahangir is currently PM’s Special Assistant with the status of Minister of State 11

March 6, 2018 12:00 AM Bank Al Baraka appoints new CEO

KARACHI: The chairman and board of directors of Al Baraka Bank (Pakistan) Ltd (ABPL) have appointed Ahmed Shuja Kidwai as chief executive officer of the bank with effect from March 1, 2018, a statement said on Monday. Kidwai is a seasoned banker with over 40 years of diversified experience in local, as well as international markets, it added. His association 15

March 4, 2018 12:00 AM Punjab Senate results set alarm bells ringing in PML-N camp

LAHORE: The Senate election results at the Punjab Assembly have set alarm bells ringing in the Pakistan Muslim League-N (PML-N) camp, as about 40 of the party MPAs did not cast their votes in accordance with the leadership instructions. With the bar set at a little over 46 votes needed for a Senate candidate to win, the PML-N camp had made groups of 48 MPAs for each of its top six candidates 13