Dar refutes rumors of imposition new taxes on agriculture, real estate sectors
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar firmly denied media reports claiming the imposition of additional taxes on agriculture and real estate sectors to meet the International Monetary Fund’s (IMF) requirements. “I am categorically announcing on the floor of the house that there will be no new taxes on agriculture and real…
Adil Aziz
Islamabad airport set for 15-year outsourcing to enhance operational activities
Minister for Aviation Khawaja Saad Rafique said that Islamabad International Airport would be outsourced for a period of 15 years to improve its operational activities. In response to a calling attention notice in National Assembly sponsored by MMA lawmaker Maulana Abdul Akbar Chitrali regarding the outsourcing of the airport, the minister clarified that the move…
Mobilink Bank Collaborates with TIIES and PAFLA to Fuel Entrepreneurial Success
Mobilink Bank signed two separate Memorandum of Understandings (MOUs) with the International Institute of Entrepreneurship (TIIES) and Pakistan Freelancers’ Association (PAFLA) respectively. These collaborative partnerships aim to bolster financial literacy, inclusivity, and entrepreneurship. Under the collaboration, Mobilink Bank, TIIES and PAFLA will organize events and workshops, provide support to freelancers, offer academic assistance and establish…
PM vows to boost IT exports to $25 Billion
Prime Minister Shehbaz Sharif said that Pakistan was required to boost its IT exports to $25 billion and IT investment to $20 billion within a span of two to three years, as the government had already placed a mechanism to ensure one-window operations to facilitate the investors. “This is something doable. This is difficult but…
SECP registers 27,746 companies in FY-2023
he Securities and Exchange Commission of Pakistan (SECP) has registered 27,746 new companies during the fiscal year 2022-23. This shows an increase of around 5 per cent as compared to the previous fiscal year as the total number of registered companies now reached 196,805, said a Spokesman. As a result of end-to-end digitization of the…
PTCL Group posts 26.8% Revenue Growth yet under Inflation Index
Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has announced its financial results for the six months ended June 30, 2023. The announcement was made during the Board of Directors’ meeting held in Islamabad on July 19, 2023. Throughout the first half of 2023, PTCL Group has sustained…
CCoIGCT considers summary concerning G2G accord between UAE, Pakistan
The Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) considered summary of Ministry of Maritime Affairs regarding G2G agreement between the Governments of UAE and Pakistan. The Committee considered the summary of the Ministry regarding G2G agreement between the two countries on Cooperation for the Development of Bulk and General Cargo Terminal at East Wharf at…
SECP reaffirms its commitment to safeguarding public interests
Google has introduced additional requirements for digital lending Apps SECP regulates Non-Banking Finance Companies (NBFCs) which are authorized to undertake lending. Some of these NBFCs have also ventured into personal loans through digital Apps. A list of SECP approved Apps is available on the SECP’s website. Other than these, all Apps available on various play/app…
SBP designates domestic systemically important banks for 2023
The State Bank of Pakistan announced the Domestic Systemically Important Banks for the year 2023 under D-SIBs framework aimed at further strengthening risk management capacities and resilience against shocks. The central bank has designated National Bank of Pakistan (NBP), Habib Bank Limited (HBL) and United Bank Limited (UBL) as D-SIBs for the year 2023 after…
No additional tax being imposed on agriculture sector income: Bilal Azhar Kayani
Coordinator to Prime Minister on Economy and Energy Bilal Azhar Kayani categorically said that the government had no plan to impose additional tax on income of agriculture sector. he said it was unfortunate that those who pushed the country to the verge of default were now attempting to dent the International Monetary Fund (IMF) programme….