subsidies

PBA refutes misleading claims on remittance subsidies

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[ad_1] Listen to article The Pakistan Banks Association (PBA) rejected on Monday misleading assertions in recent press coverage suggesting that government subsidies to banks under remittance incentive schemes serve no economic purpose. In a detailed statement, the PBA cautioned that such narratives risk undermining public confidence in formal remittance channels at a time when financial stability relies on documented … Read more

Govt urged to end bank subsidies

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[ad_1] Listen to article ISLAMABAD: An independent think tank has urged the government to choose between subsidising already-profitable banks or diverting limited fiscal resources toward productive sectors by ending the policy of banks guaranteed returns on government borrowing. The Economic Policy and Business Development (EPBD), a new policy research institute, released the statement the same day a … Read more