Tag: Sbp

SBP clears issuance of the ‘biggest’ CAA sukuk bonds

KARACHI: The State Bank of Pakistan has approved the biggest ever issuance of Sukuk bonds worth over Rs 30 billion against the assets of Civil Aviation Authority, Pakistan Today has learnt from reliable sources.
The move came after the Ministry of Finance and Sindh settled their long dispute over the imposition of stamp duty on conversion of assets into the bonds. According to sources, this would be Pakistan's biggest sukuk bonds issuance, as the central bank was likely to

LHC directs SBP to submit loan write offs list

Lahore High Court (LHC) has ordered the State Bank of Pakistan (SBP) to submit the list of individuals whose loans were written off by commercial banks in the last 40 years.
State Bank of Pakistan Assistant Chief Manager Zahid Pervez appeared in the court of Chief Justice Khawaja Muhammad Shairf and requested an extension for submitting the list. Pervez submitted that he had only received a copy of the petition the day before and had forwarded it and sent it to SBP