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A dozen banks in Pakistan have received temporary relief from the Islamabad High Court regarding a government tax imposed on lenders whose private sector borrowing falls below a specified target. The court has prohibited the government from collecting this tax based on banks' advance-to-deposit ratios until a final decision is made. The case is set for a hearing on December 3, with no timeline for the final ruling yet established.
Pakistan Banks’ Association
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pakistan banks win temporary relief from government tax in court ruling
11:25 14.11.2024
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