Wednesday, 22 May 2013 01:34
Posted by Imaduddin
KARACHI: Agricultural credit disbursement by banks surged by 15.74 percent on year-on-year basis to Rs 259.1 billion in first ten months (July-April) of the current fiscal year.The increase is over Rs 35.23 billion when compared with the total disbursement of Rs 223.85 billion in the same period of the last fiscal year, said a statement issued by State Bank of Pakistan (SBP) here on Tuesday.Overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, MCB Bank Limited, National Bank of Pakistan and United Bank Limited stood at Rs 139.07 billion as compared with Rs 120.41 billion disbursed in July-April of last fiscal year; showing an increase of 15.49 percent. Zarai Taraqiati Bank Limited (ZTBL), the largest specialized bank, disbursed a total of Rs 44.25 billion in July-April, FY-2013 as compared with Rs 43.90 billion disbursed in the same period of the last fiscal year.Punjab Provincial ...
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KARACHI: Agricultural credit disbursement by banks surged by 15.74 percent on year-on-year basis to Rs 259.1 billion in first ten months (July-April) of the current fiscal year.The increase is over Rs 35.23 billion when compared with the total disbursement of Rs 223.85 billion in the same period of the last fiscal year, said a statement issued by State Bank of Pakistan (SBP) here on Tuesday.Overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, MCB Bank Limited, National Bank of Pakistan and United Bank Limited stood at Rs 139.07 billion as compared with Rs 120.41 billion disbursed in July-April of last fiscal year; showing an increase of 15.49 percent. Zarai Taraqiati Bank Limited (ZTBL), the largest specialized bank, disbursed a total of Rs 44.25 billion in July-April, FY-2013 as compared with Rs 43.90 billion disbursed in the same period of the last fiscal year.Punjab Provincial ...
KHANEWAL: Excise and Taxation department Khanewal achieved highest recovery targets in Punjab in the wake of property tax, token tax, registration fee, motorcycle vehicle tax, excise fee, recreational tax, professional tax, cotton tax and hotel tax.The total tax amount being collected at the district level was Rs 149,249,160.A spokesman of Excise & Taxation told APP here, he said the total recovery target was Rs 171,217,860 out of which 87 % had been achieved.Ch Fakhar Hussain ...
ISLAMABAD: The National Bank of Pakistan (NBP) and A.F. Ferguson & Co. (PwC) has signed a landmark agreement for BPR and COSO implementation at National Bank of Pakistan Head Office.The NBP President, Dr. Asif A. Brohi in his message on this signing ceremony said, "NBP is committed to achieve the leadership position in the industry by adopting International best practices and ensuring consistent compliance with regulatory requirements".He also said, "NBP believes in business growth and ...
RAWALPINDI: Excise & Taxation Department has sealed 629 properties in Rawalpindi division for non-payment of property tax during its three day campaign.The department also recovered property tax arrears amounting to Rs65,89,197.The Excise & Taxation department during its special campaign which was run for three days, from May 14 to 16 also checked 8,941 vehicles in the division and recovered Rs33,94,217 in head of token tax.This was disclosed by Director Excise & Taxation Shahid ur Rehman ...
KARACHI: The First Women Bank Limited (FWBL) and State Life Insurance Corporation (SLIC) have entered into a strategic partnership to sell insurance products under Bancassurance.An official of the FWBL said that the First Women Bank, the only bank for women in the country, has a network of 41 branches in 24 cities of Pakistan while SLIC is the largest life insurance Corporation operating in Pakistan, having 65% market share. It also operates in Gulf countries.The ...
ISLAMABAD: The 2nd draw of Rs100 prize bonds is scheduled to be held on May 15 (Wednesday) in State Bank of Pakistan, Rawalpindi.Former Judge, Islamabad High Court, Muhammad Amjad Iqbal Qureshi will preside over the draw as Chairman while Deputy Chief Manager, State Bank of Pakistan, Rawalpindi, Muhammad Masood will act as secretary.National Savings Officer, Regional Directorate of National Savings, Islamabad, Muhammad Imran-ul-Haq is deputed to maintain close liaison with the chairman, secretary, members of ...
KARACHI: The State Bank of Pakistan (SBP) has issued revised Prudential Regulations (PRs) for Small and Medium Enterprises (SME) financing to ensure smooth flow of funds to the sector. According to a press release issued by SBP on Tuesday, the revised PRs focus more on Small Enterprise, and formulate more specific and simpler regulations for them. The new set of Regulations is believed to further improve the current Regulatory Environment and will boost the efforts ...
