ADR

SECP Proposes Alternate Dispute Resolution Mechanism for Islamic Finance Contracts

By Tech Desk ⏐ 3 months ago ⏐

2 min read

Islamabad: Under strategic action plan 2024-26 to develop Islamic finance in the non-bank financial sector, the SECP intends to introduce an alternate dispute resolution (ADR)…

Banking Sector’s ADR Shows Significant Recovery from 38.4% to 51.8% in Q4 2024

By Tehniyat Zafar ⏐ 6 months ago ⏐

2 min read

The State Bank of Pakistan (SBP) has reported a remarkable increase of Rs. 700 billion in bank advances as of December 27th, 2024. The banking…

Federal Cabinet Eliminates 15% Additional Tax on Banks

By Huma Ishfaq ⏐ 6 months ago ⏐

3 min read

ISLAMABAD: On Friday, the federal cabinet, headed by Prime Minister Shehbaz Sharif, approved a law to raise the ordinary income tax rate for banks to…

Govt Forms Committee to Revise Fiscal Measures on Bank Profits from Government Securities

By Tehniyat Zafar ⏐ 7 months ago ⏐

2 min read

The government has decided to introduce alternate fiscal schemes targeting the profits generated by banks through investments in government securities. This decision occurs against the…