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From Dailytimes.com.pk: The State Bank of Pakistan has declared Sukuk certificates issued by Pakistan International Airlines Corporation (PIAC) as an approved security.
According to a Circular (BSD Circular No. 1) issued by the State Bank on Tuesday, PIAC Sukuk Certificates can be used for minimum paid-up capital and reserves requirement under section 13 of Banking Companies Ordinance (BCO) of 1962…………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more
PIAC Sukuk declared as approved security
| Posted on 25 February 2010 |
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