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Banks also upped cost of financing, indicating possible hike in SBP’s policy rate next month
Direct borrowing from commercial banks will result in annual income tax loss of billions, compromise transparency
Ombudsman says justice is delayed in one of five cases due to unresponsive attitude of banks
SBP advised banks to process and release documents of shipments that have already arrived at ports
Senate also passes bill to further amend State Bank Act, 1956
Growth in bank advances, drop in deposits helped them avoid additional taxes
Lenders anticipate a further increase in central bank’s interest rate
4th extension to the govt’s self-imposed deadline
UBL to provide project financing to SMEs, agriculture sector; SEDF to provide mark-up subsidy on loans
Banks inject Rs215 billion into govt papers at sharply higher rate of return