FBR collects Rs.605 billion gross revenues in May
Despite challenges, the Federal Board of Revenue (FBR) with its tremendous effort collected gross revenues of Rs.605 billion during the month of May. According to the statement, against a target of Rs. 621 billion, FBR was able to collect Rs.572 billion net revenue, while refunds amounting to Rs. 33 billion were issued during the month….
Adil Aziz
Karandaaz launches findings of comprehensive report on private healthcare in Pakistan
Karandaaz conducted a highly anticipated webinar to unveil the findings of its groundbreaking report titled “Private Healthcare in Pakistan – Gaps, Opportunities, and Possibilities.” The report, comprising volume 1 and 2, is now available to the public on Karandaaz’s website. The webinar commenced with welcome remarks from Mr Waqas ul Hasan, CEO, Karandaaz followed by…
TPL Insurance Limited to Acquire Assets and Liabilities of New Hampshire Insurance
TPL Insurance Limited, a leading non-life insurance provider in Pakistan, today announced its Board of Directors’ approval of a draft Scheme of Arrangement under Section 279 to Section 282 and Section 285 of the Companies Act, 2017. The scheme outlines the acquisition of the assets and liabilities of the Pakistani Branch of New Hampshire Insurance…
Pakistan Seafood exports increase by 16.22% to $406 Million
The exports of fish and fish preparations increased by 16.22 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year. The country earned $406.090 million from seafood exports during July-April (2022-23) against the exports of US $349.429 million in July-April (2021-22), showing growth of 16.22…
Pakistan International Airlines’ jet seized in Malaysia for unpaid dues
A BOEING 777 jet operated by Pakistan International Airlines (PIA) was impounded on May 29 in Kuala Lumpur over unpaid charges to a leasing company, forcing the carrier to send a replacement aircraft to pick up stranded passengers. A Malaysian court ordered the plane to be seized on the lessor’s request, PIA spokesperson Abdullah Hafeez…
Pakistan can earn $300 Million through PVC exports
Significant investments to expand and improve the efficiency of domestic PVC production have created an opportunity for Pakistan to earn USD 300 million through the export of surplus volumes and products. Currently, Pakistan’s per capita PVC consumption stands at 1.2 kg versus a global average of 6.1 kg. Growth in our per capita consumption will…
QistBazaar Expands its Footprint with the Opening of 10th Facilitation Centre in Gulistan-e-Johar
QistBazaar, a leading Buy Now, Pay Later (BNPL) fintech company focused on serving the unbanked population, proudly announces the grand opening of its 10th facilitation centre in the bustling neighborhood of Gulistan-e-Johar. Situated in one of Karachi’s most densely populated middle-class hubs, with an estimated 5 million residents within a 5-mile radius, this strategic expansion…
SECP Chairman unveils commemorative stamp to mark Silver Jubilee of CDC Pakistan
To mark the Silver Jubilee celebrations of Central Depository Company of Pakistan Limited (CDC), Pakistan Post has issued a commemorative postage stamp. SECP Chairman Akif Saeed officiated the event and unveiled the stamp. Akif Saeed lauded CDC’s efforts and perseverance throughout the years and said that “CDC has served as the pride of Pakistan’s capital…
E-banking transactions grow by 4.3% in Q3 FY23: SBP
Overall e-banking transactions increased by both volume and value during the third quarter of fiscal year 2022-23 due to increasing collaboration between banks and fintech companies and the provision of efficient, accessible and user-friendly digital payments platform for customers. The State Bank of Pakistan, in its third quarterly review of Payment Systems released here on…
Policy initiatives in place to promote economic growth: Ishaq Dar
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said that the government had put in place a variety of far-sighted policy initiatives to bring stability, promote economic growth and ensure ease of doing business. The minister was talking to a delegation of M/s PepsiCo led by its Chief Executive Officer Africa, Middle East…