Tue, 21-Oct-2025

Banking deposits surge 17% to Rs20.51 trillion

Banking deposits

KARACHI: The banking deposits surged 17 per cent to Rs20.51 trillion by the quarter ended September 30, 2021, compared with Rs17.54 trillion in the same quarter of the last year, according to a report released by the State Bank of Pakistan (SBP) on Tuesday. Similarly, the total assets of the banking system climbed up 21 … Read more

Bank depositors pay Rs66 billion tax on profits during FY21

Tax exemptions on REIT, collective investment schemes surge 209%

KARACHI: The accountholders have paid Rs66 billion as income tax on profits derived on their deposits during the fiscal year 2020/21, official sources said on Saturday. The tax payment in the fiscal year 2020/21 is 10 per cent higher, compared with the Rs60 billion paid in the preceding fiscal year. The sources at the Regional … Read more