External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Banks / Thematic (Sector/Industry)

<ul><li>In a recent development, Prime Minister Shahbaz Sharif constituted a committee to resolve the issue of the Advances to Deposit Ratio.</li><li>The committee, led by Deputy Prime Minister (Ishaq Dar), includes other members such as the Minister for Finance and Revenue (Mohammad Aurangzeb), Law Minister, Minister of State for Finance and Revenue, Attorney General of Pakistan, Finance Secretary, Chairman of the FBR, Governor of the State Bank of Pakistan, and Ms. Asma Hamid.</li><li>The Terms of Reference (ToRs) of the Committee shall be as under: 1. To review the existing legal framework of fiscal measures related to Advance to Deposit Ratio of Banking Sector. 2. To deliberate on alternate fiscal schemes to tax bank profits accrued from investment in government securities. 3. To engage with banking sector FBR developing a consensus on way forward, if possible. 4. Firm up recommendations for an optimum solution ensuring realization of government revenues by December 31 ,2024. 5. Suggest non-fiscal regulatory measures for increasing advances to private sector.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In a recent development, Prime Minister Shahbaz Sharif constituted a committee to resolve the issue of the Advances to Deposit Ratio.The committee, led by Deputy Prime Minister (Ishaq Dar), includes other members such as the Minister for Finance and Revenue (Mohammad Aurangzeb), Law Minister, Minister of State for Finance and Revenue, Attorney General of Pakistan, Finance Secretary, Chairman of the FBR, Governor of the State Bank of Pakistan, and Ms. Asma Hamid.The Terms of Reference (ToRs) of the Committee shall be as under: 1. To review the existing legal framework of fiscal measures related to Advance to Deposit Ratio of Banking Sector. 2. To deliberate on alternate fiscal schemes to tax bank profits accrued from investment in government securities. 3. To engage with banking sector FBR developing a consensus on way forward, if possible. 4. Firm up recommendations for an optimum solution ensuring realization of government revenues by December 31 ,2024. 5. Suggest non-fiscal regulatory measures for increasing advances to private sector.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Banks: Government efforts to collect more tax from banks on income from Govt. Securities