06-11-2024, 05:16 PM
Iryw Police agencies foil antiquities smuggling bid
KARACHI:The State Bank of Pakistan (SBP) is not a very popular institution when it comes to the government. It often does not se yeezys slide e eye to eye with government officials especially because of its adherence to the code that the government should reduce domestic borrowing, so that bank credit is freed up for the private sector.Having said that, the central bank is probably not very popular lately with the banking sector either, because the SBP has been squeezing its spreads (the difference between the rate at which banks lend and the rate they pay as interest on deposits).For a long time the State Bank of Pakistan has implied, without saying so in so many words that controlling nike dunk low inflation through the interest rate mechanism does not seem to work in Pakistan, at least not in the conventional sense. One would wonder then why the adidas yeezys central bank has persisted with its strategy of gradually lowering interest rates over the past one year or more and seems reluctant to reverse this trend even though ISLAMABAD
ifferences between the Federal Board of Revenue chairman and Finance Minister Dr Shamshad Akhtar over restructuring nb of the tax machinery persisted, as the Inland Revenue Service on Tuesday contemplated going on a strike across the country.Both the finance minister and the FBR chairman have not b newbalance 530 een able to resolve the differences with only two days left in meeting a deadline set by th nike air max plus e Special Investment Facilitation Council (SIFC) about submitting a summary for the cabinet.The SIFC on Jan 3 had in principle approved the FBR rsquo;s administrative and legal restructuring and instructed the finance minister to take a summary to the federal cabinet within 15 days for approval.The FBR chairman has submitted a draft of the summary to the finance minister but there are issues between the top two decision-makers.There are also differences between the Customs Service Group -the junior partner- and the Inland Revenue Service -the group controlling the FBR administration.The SIFC had
KARACHI:The State Bank of Pakistan (SBP) is not a very popular institution when it comes to the government. It often does not se yeezys slide e eye to eye with government officials especially because of its adherence to the code that the government should reduce domestic borrowing, so that bank credit is freed up for the private sector.Having said that, the central bank is probably not very popular lately with the banking sector either, because the SBP has been squeezing its spreads (the difference between the rate at which banks lend and the rate they pay as interest on deposits).For a long time the State Bank of Pakistan has implied, without saying so in so many words that controlling nike dunk low inflation through the interest rate mechanism does not seem to work in Pakistan, at least not in the conventional sense. One would wonder then why the adidas yeezys central bank has persisted with its strategy of gradually lowering interest rates over the past one year or more and seems reluctant to reverse this trend even though ISLAMABAD
ifferences between the Federal Board of Revenue chairman and Finance Minister Dr Shamshad Akhtar over restructuring nb of the tax machinery persisted, as the Inland Revenue Service on Tuesday contemplated going on a strike across the country.Both the finance minister and the FBR chairman have not b newbalance 530 een able to resolve the differences with only two days left in meeting a deadline set by th nike air max plus e Special Investment Facilitation Council (SIFC) about submitting a summary for the cabinet.The SIFC on Jan 3 had in principle approved the FBR rsquo;s administrative and legal restructuring and instructed the finance minister to take a summary to the federal cabinet within 15 days for approval.The FBR chairman has submitted a draft of the summary to the finance minister but there are issues between the top two decision-makers.There are also differences between the Customs Service Group -the junior partner- and the Inland Revenue Service -the group controlling the FBR administration.The SIFC had