SBP reduces maximum age limit of banks, DFIs’ presidents

ISLAMABAD (out reporter):- The State Bank of Pakistan (SBP) has reduced the maximum age limit of the presidents and CEOs of banks and FDIs from 70 years to 65 years. The SBP issued the revised ‘Corporate Governance Regulatory Framework’ with the objective to further strengthen the corporate governance regime of banks and DFIs and to […]

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Pakistan: Banks’ Cash Reserve Requirement enhanced

ISLAMABAD (business reporter):- The Pakistan’s Central Bank has decided to increase the average Cash Reserve Requirement (CRR), to be maintained during a period of two weeks by scheduled banks, from 5 percent to 6 percent and minimum CRR to be maintained each day from 3 percent to 4 percent. The CRR is the amount of […]

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