Enhancing Tax-to-GDP ratio crucial for economic stability, Says FBR Chairman
During his visit to the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, the FBR Chairman agreed with LCCI President Mian Abuzar Shad on the need to reduce sales tax, corporate tax, and income tax rates in Pakistan. However, he emphasized that these reductions would only be feasible if the taxation system effectively captures revenue from all economic segments.
Mehfooz
Telenor velocity, STZA, Invest2Innovate host round-table to address funding challenges in Pakistan’s startup ecosystem
Telenor Velocity, Telenor Pakistan’s premier start-up accelerator program, in partnership with the Special Technology Zones Authority (STZA) and Invest2Innovate (i2i), successfully hosted a thought-provoking round-table discussion during the prestigious +92Disrupt 2024.
InfraZamin Pakistan, Saudi Pak Industrial and Agricultural Investment Co Ltd sign 11.5-years Renewable Energy Financing Facility to Acumen Energy of PKR 1.28 billion
InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR 1.28 billion. The Facility will be backed by a PKR 1.04bn credit guarantee to Saudi Pak and will mark InfraZamin’s first foray into renewable energy….
SECP Hosts Second Conference on International Islamic Capital Market in Karachi
The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Development Bank Institute (IsDBI) on Wednesday organized the Second International Islamic Capital Market Conference. The event, held in Karachi, themed, “From Tech Transformation to Realizing Sustainability: Building an Islamic Capital Market….
SECP’s WEFP Initiative Aims to Capture 70% of New Clients
The Securities and Exchange Commission of Pakistan (SECP) has unveiled the Women Equality in Finance Policy Framework (WEFP) for Non-Bank Micro Finance Companies (NBMFCs), setting a transformative agenda to enhance women’s financial inclusion and strengthen their role in the economic ecosystem. The policy framework mandates that in next five years 70% of all new clients…
FrieslandCampina Engro delegation Visits Federal Minister Rana Tanveer Hussain
A delegation from FrieslandCampina Engro Pakistan Limited, led by Saira Iftikhar, met with the Minister for National Food Security & Research (NFS&R), Rana Tanveer Hussain and discussed matters relating to promote involvement in agriculture sector. The meeting focused on FrieslandCampina Engro’s plans for Foreign Direct Investment (FDI) in Pakistan’s agriculture sector, with an emphasis on…
Relational & Dellsons Group Forge Strategic Partnership to Expand Market Presence in Pakistan
Relational, a European-based leading business software provider, and Dellsons Group, a Pakistani well-established business consultancy firm, have announced a strategic partnership aimed at introducing Relational’s innovative business software solutions in Pakistan#39;s financial sector. n this regard, the partnership was formalized with the signing of a Memorandum of Understanding (MoU) at a ceremony attended by senior…
Worker Remittances to Pakistan Surge 33.6%, Hitting $14.8 Billion in Just Five Months
The workers’ remittances increased by 33.6 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, according to latest data of State Bank of Pakistan. The remittances reached to US$ 14.8 billion during July-November 2024-25 as against the remittances of US$ 11.1 billion received during…
SECP approved Strategic Action Plan 2024-2026 for development of Islamic finance in non-bank financial sector
The Securities and Exchange Commission of Pakistan (SECP) has approved a Strategic Action Plan 2024-2026 to facilitate the growth and development of Islamic finance in non-bank financial sectors. The plan was prepared by the SECP’s apex committee chaired by Mujtaba Ahmed Lodhi, Commissioner-SCD, established in 2023 with representation from the Pakistan Stock Exchange (PSX), Central…
Pakistan Triumphs at APICTA 2024: Wins 10 Prestigious Awards
Pakistan’s technology sector achieved a historic milestone at the Asia Pacific ICT Alliance (APICTA) Awards 2024, bagging 10 awards across multiple categories. This incredible achievement highlights the nation’s growing prominence in the global ICT landscape. The APICTA Awards, held in Brunei Darussalam, brought together delegations from 16 member economies to celebrate technological innovation and excellence….