Business English Lesson – Advanced Level''''s archiveCash Management in Pakistan pdf

Business English Lesson – Advanced Level's archive
Cash Management in Pakistan
1. The implementation of a real-time gross settlement
system will automate the current interbank settlement of
large-value payments at the State Bank of Pakistan and
will minimise credit and liquidity risks; dial-up proprietary
systems are in , taken over by more robust,
functionally enriched Web-based platforms.

demise
despair
disarray
dishabille
2. According to Shahid A Syed, Pakistan's economy
delivered another year of robust growth in 2005-06,
despite the earthquake on 8 October 2005 and in
the midst of an extraordinary surge in oil prices.

dangerous
dastardly
debilitating
devastating
3. With growth at 6.6% in 2005-06, the economy has
expanded at an average rate of 7% a year in the past four
years and over 7.5% a year for the last three, thus
itself as one of the fastest growing economies in Asia.

positing
positioning
proclaiming
promoting

4. The vote of confidence of the international debt capital
markets in Pakistan's economic policy, reform agenda and
outlook is evident from the successful launch of new 10-
year and 30-year bonds totalling US $800m.

domestic
municipal
oppidan
sovereign
5. The SBP has been pursuing a broadening of access of
financial services to all segments of society as an
important strategic objective: initiatives have been taken to
develop a legal framework for institutions to help the
poor, and a focus on SMEs and Islamic finance issues.

altruistic
microfinance
philanthropic
welfare
6. Despite considerable progress towards its goal of
fostering a sound and dynamic financial system, a number
of areas still demand further attention; SBP has kept its
focus on consolidating reforms introduced in preceding
years and lifting the regulatory and supervisory framework
to meet international best

agendas
alliances
practices
programs

7. The extensive focus on enhancing the supervisory
capacity in recent years has helped SBP to achieve, either
fully or largely, status for 28 of the 30 Basel core
principles for effective banking supervision.

complaint
complementary
compliant
complimentary
8. Federal taxes in Pakistan, like most taxation systems in
the world, fall into two broad categories, direct and
indirect; direct taxes primarily income tax, along with
a supplementary wealth tax.

compose
comprise
consist
contain
9. All public companies, other than banking companies,
incorporated in Pakistan, are for tax at a corporate
rate of 39%; however, the effective rate is likely to differ on
account of allowances and exemptions related to such
factors as the industry, location and exports.

arraigned
assessed
attached
audited
10. The real-time gross settlement system known as the
Pakistan Real-time Interbank Settlement Mechanism is at

an advanced stage of installation, and its implementation
will make the payments systems much more efficient and
, offering transactional features that are hard to
achieve under the current settlement systems.

reactant
refulgent
reluctant
resilient