-(. 1) This Ordinance may be called the Apprenticeship Ordinance, 1962. (. 2) It extends to the whole of Pakistan. (. 3) It shall come into force on such date or dates and in respect of such undertakings as the 2[Provincial Government] may, by notification in the official Gazette, appoint in this behalf.
What is the Act 1956 in Pakistan?
[30th June, 1956]. An Act to facilitate the interpretations of West Pakistan Acts and to shorten the language used therein. make certain provisions for the construction of, and other matters relating to such Acts and certain other Acts in force in West Pakistan: Preamble..
When was Islamic banking system introduced in Pakistan?
But in the light of the decision given by the Supreme Court and Federal Sharia'h Court in 1992 to launch Islamic banking system in Pakistan, the equation changed. The first and today the largest Islamic bank of Pakistan, Meezan Bank was established in 2002..
Who regulates banking sector in Pakistan?
State Bank of Pakistan (SBP) regulates Banks, DFIs, Exchange Companies and MFBs, while Securities and Exchange Commission of Pakistan (SECP) regulate NBFCs, Insurance Companies and Modaraba Companies..
Why is banking important in Pakistan?
State Bank of Pakistan. Financial sector plays a fundamental role in the smooth functioning of an economy. It directs financial resources to the real sector thereby helping capital formation and facilitating financial transactions..
Islamic Shariah links the gain on capital with its performance. Operating within the ambit of Shariah, the operations of Islamic banking are based on sharing the risk which may arise through trading and investment activities using contracts of various Islamic modes of finance.
The financial sector in Pakistan comprises of Commercial Banks, Development Finance Institutions (DFIs), Microfinance Banks (MFBs), Non-banking Finance Companies (NBFCs) (leasing companies, Investment Banks, Discount Houses, Housing Finance Companies, Venture Capital Companies, Mutual Funds), Modarabas, Stock Exchange
The financial system of Pakistan consists of the State Bank of Pakistan (SBP), four nationalized commer- cial banks (NCBs), two partially privatized banks, 3 specialized banks, 21 foreign commercial banks, 12 private domestic banks, 3 provincial commercial banks, 12 development finance institutions (DFIs), 15 invest-
Regulations ; Regulations for Lender of Last Resort (LOLR) Facility under Section 17G of the State Bank of Pakistan Act, 1956 ; Foreign Exchange Manual.Foreign Exchange ManualPrudential RegulationsAnti-Money Laundering
Regulations ; Regulations for Lender of Last Resort (LOLR) Facility under Section 17G of the State Bank of Pakistan Act, 1956 ; Foreign Exchange Manual.
Banking law in pakistan
National sports team
The Pakistan national cricket team has represented Pakistan in international cricket since 1952. It is controlled by the Pakistan Cricket Board (PCB), the governing body for cricket in Pakistan, which is a Full Member of the International Cricket Council (ICC). Pakistan compete in cricket tours and tournaments sanctioned by the PCB and other regional or international cricket bodies in Test, One Day International (ODI), and Twenty20 International (T20) formats.
Pakistan's current Taxation system is defined by Income Tax Ordinance 2001 and Sales Tax Act 1990 and administered by Federal Board of Revenue (FBR).
The Pakistan national cricket team has represented Pakistan in
National sports team
The Pakistan national cricket team has represented Pakistan in international cricket since 1952. It is controlled by the Pakistan Cricket Board (PCB), the governing body for cricket in Pakistan, which is a Full Member of the International Cricket Council (ICC). Pakistan compete in cricket tours and tournaments sanctioned by the PCB and other regional or international cricket bodies in Test, One Day International (ODI), and Twenty20 International (T20) formats.
Pakistan's current Taxation system is defined by Income Tax Ordinance 2001 and Sales Tax Act 1990 and administered by Federal Board of Revenue (FBR).
