Page 4 - பாதுகாப்பு பரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The National Assembly Standing Committee on Finance and Revenue unanimously recommended that “The Corporate Restructuring Companies (Amendment) Bill, 2020,” maybe passed by the National Assembly. The 54th meeting of the National Assembly Standing Committee on Finance and Revenue was held under the chairmanship of MNA, Faiz Ullah. The Committee discussed “The Corporate Restructuring Companies (Amendment) Bill, 2020).” Deputy Governor State Bank of Pakistan (SBP), Jameel Ahmed, and President Bankers Association, Muhammad Aurangzeb, briefed the Committee about the requirements of the Bill. The Committee members have expressed their apprehensions regarding the implementation of this Act. According to the objects and reasons of the proposed legislation, the existing institutional arrangements and legal processes for the revival and rehabilitation of distressed entities are time-consuming and inadequate, making the rehabilitation of distressed entities challenging.

Qaiser ahmed sheikhJameel ahmedRabbani kharAisha ghaus pashaHina rabbani kharAli pervaizFaheem khanRamesh kumar vankwaniNafisa shahFaiz ullahMnas amjid ali khanBankers associationNational assemblyCorporate restructuring companies crcsCorporate restructuring companies amendmentCommittee members