Pakistan, June 11 -- The Deposit Protection Corporation (DPC) has released its fifth Annual Report for the fiscal year 2024-25 today. The report has been issued with the objective of providing disclosure of the Corporation's financial performance, operating activities, and achievements. Established under the Deposit Protection Corporation Act, 2016, DPC operates as a subsidiary of the State Bank of Pakistan (SBP) with the mandate to compensate banks' depositors in the event of any member bank failure as and when notified by SBP and to provide financial support for the resolution of member problem banks. The report reveals that DPC has doubled the coverage for all eligible depositors of its member banks to PKR 1,000,000 per depositor per b...