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Zaheer Abbasi

'PBCs timing is not appropriate given rating downgrades'
Markets

'PBCs timing is not appropriate given rating downgrades'

The timing of the issuance of Pakistan Banao Certificates was not appropriate given Fitch's downgrading of Pakistan's long-term currency issuer default rating to 'B-' from 'B' on December 15, 2018 followed more recently by Standard and Poor's downgrading
Published 08 Feb, 2019 12:00am
'PBCs timing is not appropriate given rating downgrades'
Markets

'PBCs timing is not appropriate given rating downgrades'

The timing of the issuance of Pakistan Banao Certificates was not appropriate given Fitch's downgrading of Pakistan's long-term currency issuer default rating to 'B-' from 'B' on December 15, 2018 followed more recently by Standard and Poor's downgrading
Published 08 Feb, 2019 12:00am
''PBCs timing is not appropriate given rating downgrades''
Markets

''PBCs timing is not appropriate given rating downgrades''

The timing of the issuance of Pakistan Banao Certificates was not appropriate given Fitch''s downgrading of Pakistan''s long-term currency issuer default rating to ''B-'' from ''B'' on December 15, 2018 followed more recently by Standard and Poor''s downg
Published 08 Feb, 2019 12:00am
ECC proposes changes in SEZ law
Print

ECC proposes changes in SEZ law

The Economic Coordination Committee (ECC) on Monday decided that Board of Investment (BOI) will reduce the timeframe for approval of SEZ applications from 90 days to 45 days. Additionally, the ECC meeting, presided over by Finance Minister Asad Umar also
Published 05 Feb, 2019 12:00am
ECC proposes changes in SEZ law
Print

ECC proposes changes in SEZ law

The Economic Coordination Committee (ECC) on Monday decided that Board of Investment (BOI) will reduce the timeframe for approval of SEZ applications from 90 days to 45 days. Additionally, the ECC meeting, presided over by Finance Minister Asad Umar also
Published 05 Feb, 2019 12:00am
ECC proposes changes in SEZ law
Print

ECC proposes changes in SEZ law

The Economic Coordination Committee (ECC) on Monday decided that Board of Investment (BOI) will reduce the timeframe for approval of SEZ applications from 90 days to 45 days. Additionally, the ECC meeting, presided over by Finance Minister Asad Umar also
Published 05 Feb, 2019 12:00am
PD allowed to raise Rs 200 billion to deal with circular debt
Print

PD allowed to raise Rs 200 billion to deal with circular debt

The Economic Coordination Committee (ECC) of the Cabinet Tuesday allowed Power Division to raise Rs 200 billion from a syndicated Islamic Term Finance Facility to deal with the circular debt accumulated to over Rs 807 billion till December 31, 2018. The m
Published 30 Jan, 2019 12:00am
PD allowed to raise Rs 200 billion to deal with circular debt
Print

PD allowed to raise Rs 200 billion to deal with circular debt

The Economic Coordination Committee (ECC) of the Cabinet Tuesday allowed Power Division to raise Rs 200 billion from a syndicated Islamic Term Finance Facility to deal with the circular debt accumulated to over Rs 807 billion till December 31, 2018. The m
Published 30 Jan, 2019 12:00am
PD allowed to raise Rs 200 billion to deal with circular debt
Print

PD allowed to raise Rs 200 billion to deal with circular debt

The Economic Coordination Committee (ECC) of the Cabinet Tuesday allowed Power Division to raise Rs 200 billion from a syndicated Islamic Term Finance Facility to deal with the circular debt accumulated to over Rs 807 billion till December 31, 2018. The m
Published 30 Jan, 2019 12:00am
Assignment Accounts: procedure for operation revised
Markets

Assignment Accounts: procedure for operation revised

The federal government has revised procedure for operation of Assignment Accounts with discontinuation of special drawing accounts (SDAs), personal ledger accounts (PLAs) and revolving fund accounts (RFA) in local currency by the federal and provincial go
Published 29 Jan, 2019 12:00am
Assignment Accounts: procedure for operation revised
Markets

Assignment Accounts: procedure for operation revised

The federal government has revised procedure for operation of Assignment Accounts with discontinuation of special drawing accounts (SDAs), personal ledger accounts (PLAs) and revolving fund accounts (RFA) in local currency by the federal and provincial go
Published 29 Jan, 2019 12:00am