KARACHI: The State Bank of Pakistan (SBP) renewed the status of both credit rating agencies operating in Pakistan namely ‘VIS Credit Rating Company Limited (VIS)’ and ‘The Pakistan Credit Rating Agency Limited (PACRA)’ as eligible / recognized External Credit Assessment Institutions (ECAIs) for the calendar year 2021.
Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for CAR calculation purposes, the central bank added.
ISLAMABAD: The Federal Board of Revenue (FBR) has revised the Federal Excise Duty (FED) rates on domestic and international air...
LAHORE: The Federal Tax Ombudsman (FTO) has made online hearings the default mode for resolving tax complaints at its headquarters...
Pakistan Customs has ordered officials to clear the backlog of import and export containers at the Karachi International Container Terminal...
KARACHI: Pakistan's cotton production has dropped to less than half of its historic peak, causing the country an estimated annual...
