Home » Business

Category: Business

Post
IT Minister Demands More Incentives and Reforms for IT and Telecom Sector

IT Minister Demands More Incentives and Reforms for IT and Telecom Sector

Federal Minister for Information Technology and Telecommunications Syed Amin-Ul-Haque has termed the measures announced by Finance Minister Miftah Ismail concerning removing the withholding tax, statement conditions, and capital gains tax for the telecom sector insufficient and urged for more decisions and reforms to achieve big goals from the IT sector. Finance Minister Miftah Ismail announced...

Post
GST Exemption on Electricity for Export Zones in KP Starts Next Month

GST Exemption on Electricity for Export Zones in KP Starts Next Month

The sub-committee on the Senate Standing Committee on Industries and Production was Friday told that general sales tax (GST) exemption on electricity for Risalpur Export Processing Zone (REPZ) should begin with the next billing cycle. The meeting of the committee was held at Parliament Lodges under the Convenership of Senator Fida Muhammad to examine the...

Post
HBL Microfinance Bank Partners with Habib Bank Limited for Home Remittance Disbursements

HBL Microfinance Bank Partners with Habib Bank Limited for Home Remittance Disbursements

HBL Microfinance Bank (HBL MFB) has partnered with Habib Bank Limited (HBL) to further strengthen Home Remittance disbursements in Pakistan and allow HBL Microfinance Bank customers to receive money in digital wallets and accounts across Pakistan. Commenting on the development, Faisal Lalani, Head of International Banking at HBL, said, “We are excited to partner with...

Post
SPI Shows Slight Decline on Weekly Basis

SPI Shows Slight Decline on Weekly Basis

The Sensitive Price Indicator (SPI) for the week ended February 10, 2022, recorded a decrease of 0.08 percent due to a decline in food items and non-food items, says the Pakistan Bureau of Statistics (PBS).The year-on-year trend depicts an increase of 18.47 percent mainly due to an increase in tomatoes (289.04 percent), electricity for Q1...

Post
FBR’s Field Offices to Remain Open on Saturdays To Meet Tax Collection Targets

FBR’s Field Offices to Remain Open on Saturdays To Meet Tax Collection Targets

The Federal Board of Revenue (FBR) field offices will remain open on Saturdays with effect from 12 February till further orders. In its circular No. 1(137)STM/2017/, the tax machinery has issued instructions to all Large Taxpayers’ Units (LTOs), Medium Taxpayers’ Offices (MTOs), Corporate Tax Offices (CTOs), and Regional Tax Offices (RTOs) to extend working hours...

Post
PM Imran Appreciates Chinese Industry Players Eager to Invest in Pakistan

PM Imran Appreciates Chinese Industry Players Eager to Invest in Pakistan

Prime Minister Imran Khan held a series of meetings with leaders of major Chinese state-owned and private companies in Beijing today.The premier was accompanied by federal ministers, advisors, and senior officials. In his remarks, the Prime Minister appreciated the keen interest of the Chinese companies to invest in Pakistan. Highlighting deepening economic and trade ties...

Post
Ministry of IT to Hire Firm for Audit of its Two Special Funds

Ministry of IT to Hire Firm for Audit of its Two Special Funds

The Ministry of Information Technology and Telecom (MoITT) is coordinating and directing efforts to initiate and launch information technology and telecommunications programs and projects aimed at economic development of the country and has decided to hire consultancy firms for audit of two Special Funds for the financial year 2020-21.The MoITT had established two telecom funds...

Post
Pakistan Eyes an End to IMF Bailouts by Issuing $1 Billion Eurobond

Pakistan Eyes an End to IMF Bailouts by Issuing $1 Billion Eurobond

Pakistan intends to discard its ‘begging bowl’ image from the International Monetary Fund (IMF) by issuing an ESG-compliant $1 billion Eurobond in March.The Federal Minister for Finance and Revenue, Shaukat Tarin told Bloomberg that “this program should be enough” and the country will not need another IMF program if it starts posting up to six...

  • 1
  • 2
  • 6