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Banking & Finance

Pakistan - Banking & Finance

Date for filing income tax returns extended till Dec 15 ISLAMABAD: Minister for Finance, Revenues and Economic Affairs, Mohammad Ishaq Dar Wednesday announced extension in due date for filing of income tax returns/ statements by salaried persons, individual, association of persons and companies till December 15.      The minister extended the date in view of the spirit of taxpayers' facilitation and on the demand of various chambers of commerce and industry, tax bar associations and a number of trade bodies, a statement issued here said. Copyright APP (Associated Press of Pakistan), 2016   ...

Pakistan - Banking & Finance

NBP, JS Bank Limited sign cash management agreement ISLAMABAD: National Bank of Pakistan (NBP) would facilitate customers of JS Bank at designated NBP branches across Pakistan to further facilitate the customers, under a Cash Management Agreement with JS Bank Limited that was recently signed between the two banks.According to a press release issued here Friday, the NBP has over 1,400 branches nationwide with unmatched geographic coverage in the country whereas JS Bank is a strong and growing bank with 277 branches in 138 ...

Pakistan - Banking & Finance

SBP report laid before Senate RECORDER REPORTISLAMABAD: The government on Thursday laid Annual Report 2015-16 (State of the Economy) of Central Board of Directors of State Bank of Pakistan before the Senate, as required under section 9A (f) of SBP Act, 1956. The report was laid before the House by Minister for Law and Justice Zahid Hamid on behalf of Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation Senator Muhammad Ishaq Dar.Copyright Business Recorder, 2016 ...

Pakistan - Banking & Finance

NTN requirement: banks asked not to refuse services to sole proprietors RIZWAN BHATTIKARACHI: The State Bank of Pakistan (SBP) amending Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulations has directed banks not to refuse for banking services due to NTN requirement. The SBP has received certain complaints that several banks are not opening bank account due to unavailability of National Tax Number (NTN), which is mainly issued by the Federal Board of Revenue (FBR).Sales tax registration or NTN are included in the list of ...

Pakistan - Banking & Finance

ZTBL to set up 10 more branches in country LAHORE: The Zarai Taraqiati Bank Limited (ZTBL) will expand its branch network by opening 10 new branches in the country in the current year.This was said by ZTBL President Sayyed Talat Mehmood while addressing an award distribution ceremony of ZTBL officials at a local club on Monday.He added a total number of branches of the bank now had become 460 in the country.He said the bank's deposits had been increased up to Rs 155 billion ...

Pakistan - Banking & Finance

NBP installed ATM at Khunjarab ISLAMABAD: National Bank of Pakistan (NBP) installed an automated teller machine (ATM) on the world's highest-altitute at Khunjarab area of Gilgit Baltistan.The ATM which has been installed at an altitute of 15000 feet above the sea level was launched by President of NBP Syed Iqbal Ashraf and Lieunent Genearl Malik Zafar Iqbal, said a statement of NBP issued here on Saturday.The statement added that the project was a part of green energy as the power ...

Pakistan - Banking & Finance

Pakistan's Liquid Foreign Reserves cross US$24bn ISLAMABAD: The total liquid foreign reserves held by the country stood at US$24,095.8 million on November 11,2016.Giving break-up of the foreign reserves position, a statement of the State Bank of Pakistan (SBP) said that foreign reserves held by the State Bank of Pakistan stood at US$ 19,027.1 million while Net foreign reserves held by commercial banks were US$ 5,068.7 million on November 11.During the week ending November 11, 2016, country's total reserves decreased by US$ ...