Mobilink Bank secures Best Bank for Inclusion Award at PBA 2023
Mobilink Bank has won the prestigious title of Best Bank for Inclusion at the Pakistan Banking Awards (PBA) 2023, held at Pearl Continental Hotel, Karachi, November 24.
Mehfooz
Banks Pay 40% additional tax on windfall income, profits, and gains during 2021-22 of by Nov 30: FBR
The Federal Board of Revenue has issued a notification for financial institutions to settle the payment of a 40% additional tax on windfall income, profits, and gains for transactions that occurred in 2021 and 2022, as stated by a source on November 22.
Adil Aziz
Cabinet approves levy of 40 % tax on banks’ windfall profit
The Federal Cabinet in its meeting chaired by Caretaker Prime Minister Anwaar-ul-Haq, accorded approval, upon the recommendation of Federal Board of Revenue, to impose 40 percent tax on windfall profit earned by banks on the foreign exchange transactions during the years 2021 and 2022.
IoBM’s International Conference on Islamic Banking and Finance
The Institute of Business Management (IoBM) has announced that it will be hosting its high-profile 7th Annual International Conference on Islamic Banking and Finance from November 14 to 15, 2023. Chief guests at the conference’s inaugural session include Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance and Mr. Jameel Ahmed, Governor State Bank of Pakistan.
Editor
Asan Mobile Accounts reached to 20 Million by 2024
Federal Minister for Finance and Revenue Dr Shamshad Akthar said that Pakistan had targeted to take the number of Asan Mobile Accounts from existing 8.5 million to 20 million by 2024.
Mobilink Bank witnesses a 38% growth in lending to MSMEs
Mobilink Bank exhibited significant growth in the first three quarters of 2023, as evidenced by the Q3 financial statements. This milestone highlights the Bank’s dedication to supporting Micro, Small, and Medium-Sized Enterprises (MSMEs), supported by substantial deposit growth and improvements on multiple indicators.
Mobilink Bank to provide financial services to HRSG
Mobilink Bank signed a Memorandum of Understanding (MoU) with HRSG, a globally renowned service provider. This collaborative agreement strives to extend financial services to HRSG employees, showcasing the Bank’s dedication to improving the economic well-being of these individuals and supporting their financial aspirations.