ADR
SECP Proposes Alternate Dispute Resolution Mechanism for Islamic Finance Contracts
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
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
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
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…
