ABHI partners with People to enhance employee financial well-being
ABHI, a leading embedded finance platform in the MENAP region, has partnered with People™️, Pakistan’s largest HR services provider, to offer earned wage access (EWA) to People™️ clients. This collaboration will empower employees across industries to access their earned wages in real time, promoting financial wellness and reducing financial stress.
Adil Aziz
Today is Last day for submission of income tax returns
The Federal Board of Revenue has warned that Monday (Oct 14) is the last day for submission of income tax returns for the financial year 2023-2024.
Editor
Share of digital payments surged to 84% in FY-24
The State Bank, report said that ongoing transformation of Pakistan’s payment landscape towards digital payments underwent significant advancements as share of digital payments surged to 84% during fiscal year 2023-24.
FPCCI protest against the infrastructure development cess on import and export
Mr. Atif Ikram Sheikh, President FPCCI, has strongly denounced the recent decisions by Khyber Pakhtunkhwa (KPK) and Balochistan governments to impose infrastructure development cess (IDC) on not only imports but exports as well. These are anti-business and anti-export measures; and, FPCCI, being the apex body, is receiving feedback from all chambers, associations and trade bodies from across Pakistan to advocate reversal of these counterproductive measures, he added.
Al Baik, GO ink strategic partnership to bring Saudi expertise to Pakistan
This agreement would explore the possibility of establishing a strategic partnership to set up and operate Al Baik restaurants in Pakistan, marking a key step in Al Baik’s expansion strategy across the country.
PSX Holds Gong Ceremony on Listing of Burj Clean Energy Modaraba
A gong ceremony was held at the Pakistan Stock Exchange (PSX) to mark the listing of Burj Clean Energy Modaraba (“Burj Modaraba”). Burj Modaraba is the first green energy fund in accordance with Shariah principles to be listed on the Stock Exchange on the Growth Enterprise Market (GEM) Board of PSX.
Strict action against tax evaders from next month
Chairman (FBR), Rashid Mahmood Langrial, said that the FBR was gearing up for a large-scale crackdown on non-filers starting next month.
Pakistan and Saudi Arab expected to sign major investment agreements at Business Forum
Saudi Minister for Investment, Sheikh Khalid Bin Abdul Aziz Al Faleh expressed optimism about the 27 agreements, amounting to $2 billion, expected to be signed during the ongoing forum, with many more currently under negotiation. He emphasized that these agreements emerged organically, reflecting the strong facilitation efforts underway.
SECP proposes increase in Paid-up Capital for Insurance Companies
The Securities and Exchange Commission of Pakistan (SECP) has proposed to increase the minimum paid-up capital requirement for insurance companies as part of its “Insured Pakistan” initiative. The move aims to strengthen the insurance industry and as a result, provide better protection for policyholders.
Fatima Fertilizer given prestigious FPCCI Award by the President of Pakistan
Fatima Fertilizer was uniquely recognized as the Best Innovative Agricultural Products Company, by the President of Pakistan, at the 12th Excellence Awards of the Federation of Pakistan Chamber of Commerce and Industries (FPCCI), the country’s apex trade and industry association.