Daily Archives: November 1, 2017

SBP allows insurance companies to issue US Dollar denominated policies

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KARACHI: State Bank of Pakistan (SBP) has allowed insurance companies to issue US Dollar denominated insurance policies on notional basis to meet the condition of foreign lenders for foreign currency loans to be raised for the projects undertaken in Pakistan.

SECP warns insurance companies for not complying with anti-money laundering laws

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Wednesday warned insurance companies of harsh action for not complying with anti-money laundering laws and non-submission of information about big policy holders.

FBR’s revenue collection grows 18.5pc in first four months

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ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs1,033 billion during first four months of current fiscal year, exhibiting 18.5 percent growth when compared with collection of Rs872 billion in the corresponding period of the last year.