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The State Bank of Pakistan on Thursday clarified that customerdeposits are quot perfectly safe quot owing to the sound banking system in Pakistan.1/2 SBP clarifies that bank dep
af1 supreme osits are perfectly safe owing to a sound banking system in Pakistan under a robust regulat
air force 2 ory and supervisory framework. See PR:
https://t.co/zLD1B94RdO SBPClarification p
jordan schuhe ic.twitter.com/d6O2hu9Dun mdash SBP (@StateBank_Pak) October 5, 2023The clarification by the central bank comes following reports in certain sections of the media thatimplied bank deposits above Rs500,000 in the banking system were unsafe.The SBP added that the Deposit Protection Corporation (DPC), a subsidiary of SBP, has added another layer of protection by providing insurance cover of up to Rs500,000 to every depositor.Read:SBP launches Deposit Protection Corporation quot Deposit protection is one of the key elements of safety net used by supervisory authorities and deposit protection agencies around the world to provide protection to t Qtwa Students should be kept away from politics
ISLAMABAD:A couple of weeks after promulgating an ordinance regarding the Higher Education Commission (HEC), another ordinance has been issued on Thursday to amend certain clauses of the previous ordinance.The new revised ordinance, issued by the president, takes back the authority of making appointment of executive director from the federal education ministry and returns it to the HEC, and increases the number of HEC members from 10 to 13, including 5 priva
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air max bianche s.The Second HEC Amendment Ordinance 2021 will take effect from March 26. The previous ordinance in the last week of March, had reduced the tenure of the HEC Chairman to 2 years, whi
jordans le the term of the member was fixed at 4 years.Under the ordinance, all decisions of the HEC were subjected to the approval of the education ministry. The ordinance stated that the chairman and members of the HEC could take another term.
