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‘New’ State Bank of Pakistan

The way the State Bank of Pakistan (Amendment) Bill, 2022 (“Bill,” when enacted: “Act”) was railroaded through the Assembly and the Senate to appease the International Monetary Fund (IMF), with…

State Bank Act amendments

LET me start with a disclaimer. I will not venture an opinion in this article on whether the proposed amendments to the State Bank Act are good or bad. I…

State Bank independence

THE last few weeks have seen a proliferation in the public debate on central bank independence (CBI), triggered by the government’s submission to parliament of proposed amendments to the State…

Tax On Bank Transactions And Status Of G-B

Tax on bank transactions and status of G-B

Withholding is an act of deductions or collections of tax at source according to Income Tax Ordinance, which has generally been in the nature of an advance tax payment. It…

State Bank On Exports

State Bank on exports

The annual report produced by the State Bank of Pakistan has cast valuable light on a number of vexing economic issues that have been the subject of debate for a…