PG Game
Macron says Israel’s Gaza offensive has ‘gone on too long’
字号+ Author: Source:PG Game 2025-01-16 01:05:29 I want to comment(0)
KARACHI: The board of directors of Deposit Protection Corporation (DPC) on Tuesday doubled the gua
KARACHI: The board of directors of Deposit Protection Corporation (DPC) on Tuesday doubled the guarantee amount for all eligible depositors of its member banks from Rs500,000 to Rs1 million with immediate effect. “This enhanced guarantee amount now provides full protection to around 96 per cent of eligible depositors. The main objective of the deposit protection scheme is to safeguard the depositors’ interest and further enhance their confidence in the banking sector,” said a statement issued by the DPC. This will also support financial stability in the country, it added. The deposit protection facility applies to all eligible depositors without any fee. The guaranteed amount or protected deposit becomes payable to eligible depositors only if the SBP declares a bank as a failed entity and is not payable under any other circumstances.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Newly-published books termed beacon of light for feminine Pashto literature
2025-01-16 00:24
-
Chitral park to cost Rs25 million
2025-01-16 00:12
-
Hezbollah, Israel trade heavy fire in ‘new phase’ of fighting
2025-01-15 23:52
-
Teenage cyclist Furrer dies after crash at worlds
2025-01-15 23:17
User Reviews
Recommended Reads
Hot Information
- MTI authorities concerned over litigation on BoG membership
- Brutal times
- Health affairs of Gujrat in disarray since ban on ad-hoc postings
- Hospitals receive more dengue patients in Pindi
- Hezbollah leader’s death is ‘measure of justice’ for his victims, Biden says
- Massive protests held in Yemen, Bahrain against Israeli attacks on Gaza, Lebanon
- CDA fetches Rs11 billion from auction of plots on first day
- Health affairs of Gujrat in disarray since ban on ad-hoc postings
- Israeli aircraft putting out fires in Safed
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content