Dada Pota Show of 10-08-2018. The only program of business and economy in Pakistan.
CPEC China TAPI Foreign Reserves Capt Safdar Summit Bank SBP Political Economy Dada Pota Show 10-08-2018
Dada Pota Show 1–08-2018 based on CPEC, China, TAPI, Foreign Reserves, Capt Safdar, Summit Bank, SBP & Political Economy.
Today, Dada G shared his opinion on important news that Captain Safdar shifted to hospital from Adiala Jail over ‘health concerns’ & Summit Bank operating smoothly: SBP.
The State Bank of Pakistan (SBP) on Wednesday clarified that National Institutional Facilitation Technologies (NIFT), which provides clearing services for banks, has not discontinued its membership of or its services with Summit Bank (SMBL).
The SBP said that these rumours originally stemmed from a notice of National Clearing Company of Pakistan Ltd (NCCPL) regarding bank’ settlement status to provide clearing services for stock brokers.
According to SBP release such a “bank only processes payments and receipts of funds on behalf of its broker clients with NCCPL for their sale and purchase transactions in stock exchange”.
Furthermore, central bank clarified that these operations do not have any bearing on other regular day-to-day operations – deposit taking and withdrawal – of SMBL.
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