Government to tax non-filer electricity consumers
KARACHI: Federal Budget FY22 has proposed imposition of tax on the domestic electricity consumers who are not on the Active Taxpayers List (ATL). Through the... Read more Source
View ArticleGovernment allocates Rs682 billion for subsidies in FY22
KARACHI: Government has earmarked Rs682 billion for subsidies to various sectors for the next fiscal year, up 226.31 percent from Rs209 billion this fiscal. For... Read more Source
View ArticleFederal Budget FY22 envisages Rs506 billion additional revenue through...
KARACHI: The Federal Budget FY22 envisages a collection of Rs506 billion in additional revenue through taxation and enforcement measures. According to the proposed budget, Federal... Read more Source
View ArticleFederal Budget proposes Rs1.37 trillion defence budget
KARACHI: Government has allocated Rs1.37 trillion defence budget for the fiscal year 2021-22, which is 6.28 percent higher over the estimated allocations for the year... Read more Source
View ArticleSBP proposes framework for facilitating Pakistani exporters to sell products...
Continuing with the agenda of modernizing foreign exchange regulations, State Bank of Pakistan has proposed changes in its regulatory instructions for exports of goods from... Read more Source
View ArticleSBP issues instructions to enhance the Stability and Soundness of Islamic...
State Bank of Pakistan (SBP) has issued exclusive instructions on Shariah Non-Compliance Risk (SNCR) management, aimed at enhancing the stability and soundness of Islamic banking.... Read more Source
View ArticleREDRETAIL and 1LINK sign agreement to offer bill collection services
Karachi: REDRETAIL (JV of REDtone Group & iDMission LLC) and 1LINK recently signed an agreement to enable bill payments across retail stores in Pakistan. By... Read more Source
View ArticleCiti Pharma Book Building Starts from today (15 June)
Karachi: Citi Pharma IPO’s book building phase will be held on 15th and 16th June where high net worth individuals and institutional investors will subscribe... Read more Source
View ArticleUfone’s ‘Nayi SIM offer’ brings exciting all in one bundles for new customers
Islamabad: Carrying forward its customer centric business model, Pakistani telecom operator, Ufone has offered all in one bundles with exciting voice and data rewards for... Read more Source
View ArticleForeign investors appreciate SBP FX Remittance Process: OICCI survey
Karachi: OICCI members have appreciated the significant improvement in the FX remittance processing time and in growing engagement of the State Bank of Pakistan leadership... Read more Source
View ArticleEmirates Group Announces 2020-21 Results
Karachi: The Emirates Group today announced its first year of loss in over 30 years caused by a significant drop in revenue, fully attributed to... Read more Source
View ArticleRefrigerators, air conditioners and deep freezers production surge
KARACHI: The demand for electrical goods is heating up after tapering off during the Covid-19-led lockdowns as Large-Scale Manufacturing (LSM) data for April show a... Read more Source
View ArticleState Bank of Pakistan renews the Status of VIS and PACRA as Eligible...
State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The... Read more Source
View ArticleEngro Corporation and DuPont Sustainable Solutions Establish Partnership to...
Karachi: DuPont Sustainable Solutions (DSS) and Engro Corporation Limited have finalized a partnership agreement to introduce a risk-based framework, programme, and methodology that will allow... Read...
View ArticleMobilink Microfinance Bank joins the coveted global club of ACCA Approved...
KARACHI: Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank, has been recognized as an Approved Employer for its outstanding employee development and training initiatives... Read...
View ArticleSystems Limited wins Lahore Chamber of Commerce & Industry IT Award
Systems Limited humbly announced another winning moment. The Lahore Chamber of Commerce & Industry (LCCI) awarded Systems Limited with the President IT Award. The LCCI... Read more Source
View ArticlePakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 23,586.5 million on 11-Jun-2021. The break-up of the foreign reserves position is as... Read more Source
View ArticleCountry’s only can-maker PABC seeks listing to raise Rs3.3 billion
Karachi: Pakistan Aluminium Beverage Cans Ltd (PABC) is planning to raise at least Rs 3.3 billion by offering a 26 per cent stake to institutional... Read more Source
View ArticleSBP mandates Banks to use estimation models for assessing informal income to...
In order to facilitate low cost housing finance applicants with informal income, the State Bank of Pakistan (SBP) has asked banks to develop and deploy... Read more Source
View ArticleGrowing sale of illegal cigarettes Triggering the Spread of Non-Communicable...
Health experts believe that Cigarettes sold in violation of the laws are the biggest threat to public health and causing a hike in prevalence of... Read more Source
View Article