deposits

The government did not reach budgeted deposits of $9 billion in the first four months of FY25 – Trendy Blogger

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The government did not reach budgeted deposits of billion in the first four months of FY25 – Trendy Blogger

The government has yet to receive any of the $9 billion budgeted term deposits for the first four months of the current fiscal year (July-October 2024-25), compared to $3 billion made during the same period last year, according to data from the Department of Finance. Economic Affairs (EAD). For fiscal year 2025, the government expects … Read more

Report: Pakistani banks charge fees on deposits to avoid government taxes – Trendy Blogger

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Report: Pakistani banks charge fees on deposits to avoid government taxes – Trendy Blogger

Pakistani banks are adding new fees on some savings accounts to discourage deposit inflows, as they seek to boost their loan-to-deposit ratio to avoid a punitive tax from the government. Meezan Bank Limited, the country’s largest bank by profit, said in an email to its customers that it would impose a 5% monthly fee on … Read more