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Misprinted banknotes: SBP says internal controls being further strengthened - Markets

Clearing the air on the incident of misprinted banknotes, the State Bank of Pakistan (SBP) on Wednesday said.

Noor ahmedOffice of the state bankBanking services corporationModel colony branchPakistan security printing corporationState bankColony branchNote refundBusiness recorderChief spokesmanBank notesNbp rsquos model colony branchMisprinted banknotesPakistan currency notesCurrency notesState bank of pakistan

Brokerage house sees strong possibility of policy rate cut of 100bps in upcoming MPC - Markets

A brokerage house sees “strong possibility” that the State Bank of Pakistan (SBP) may cut the key policy rate by 100.

Arif habib limitedMonetary policy committeeInternational monetary fundState bankHabib limitedMoney market yieldsMpc meetingSbp mpcSbp dataCpi inflationPolicy rateMonetary policyInterest rate

SBP revises timelines for Banks Floating Exchange Rates

KARACHI: The State Bank of Pakistan (SBP) has revised the timelines for submission of data of Banks’ Floating.

Core statistics departmentBank floating exchangeBank average floating exchangeState bankData acquisition portalAverage floating exchangeBusiness recorderBanks floating exchange ratesExchange rates

Conduct of business of banks: FTO has no jurisdiction to probe legality: IHC

ISLAMABAD: The Islamabad High Court (IHC) has declared that the Federal Tax Ombudsman (FTO) cannot assume the powers.

Revenue divisionIslamabad high courtFederal tax ombudsmanState bankChief commissionerFederal tax ombudsman ordinanceFederal boardBusiness recorderConduct of business banks

Caretakers likely to amend Banking Companies Ordinance

ISLAMABAD: The federal government is likely to amend Banking Companies Ordinance, 1962, aimed at allowing voting.

Shabir ahmed randereeJs bank limitedBanking companies ordinanceFinance ministryFinance divisionState bankFederal governmentProvincial governmentBusiness recorderBanking companies ordinance 1962

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