Auto Financing by banks hit an all-time high

Auto Financing by banks hit an all-time high

Auto financing by banks hit an all-time high of Rs297.5 billion in Pakistan. As consumers’ hunger for owning a vehicle increased apparently due to availability of the financing. Auto financing in Pakistan is available at…

Read More
Cash paid for immovable property required to be reported under anti money laundering and counter terrorism financing : FBR

Cash paid for immovable property required to be reported under anti money laundering and counter terrorism financing : FBR

Every cash transaction for sale or purchase of housing units worth more than Rs. 2 million must be reported under Anti Money Laundering (AML) / Counter Terrorism Financing (CFT). To comply with the requirements of…

Read More
Govt launching Kamyab Pakistan program for small business loans

Govt launching Kamyab Pakistan program for small business loans

The government has decided to launch the “Kamyab Pakistan” program on July 29. It is an initiative that offers a multiple opportunities which includes loans for small businesses, farmers, households, health cards, and technical training…

Read More
FATF retains Pakistan on grey list

FATF retains Pakistan on grey list

Anti-money laundering watchdog also gives another six-point action plan to Islamabad. The Financial Action Task Force (FATF) has retained to Pakistan on its grey list while admitting that the Pakistan has fully implemented 26 out…

Read More
State Bank Ready to launch collateral Free Loan Scheme for Cottage Industry

State Bank Ready to launch collateral Free Loan Scheme for Cottage Industry

State Bank of Pakistan is ready to start a collateral free loan scheme for financing of up to Rs10 million for the cottage industry, released by State Bank of Pakistan (SBP) Governor Dr Reza Baqir.…

Read More
Guide To LDA City Naya Pakistan Apartments and How to Apply for Bank of Punjab Loans

Guide To LDA City Naya Pakistan Apartments and How to Apply for Bank of Punjab Loans

With the objective of constructing 50,000 housing units, an effort can be seen in the form of ‘LDA City Naya Pakistan Apartments’. Under this project, the government has approved the construction of 35,000 affordable apartments. This…

Read More
State Bank of Pakistan launches Five Years Islamic banking plan

State Bank of Pakistan launches Five Years Islamic banking plan

State Bank of Pakistan launched a third five-year Islamic Banking plan (for the period from 2021 to 2025). It will help Islamic banks in enhancing their network nationwide. Advised to increase online banking and “capitalise…

Read More
Naya Pakistan LDA Apartments: Bank of Punjab & LDA Sign Deal

Naya Pakistan LDA Apartments: Bank of Punjab & LDA Sign Deal

The Lahore Development Authority (LDA) and the Bank of Punjab (BOP) have signed an agreement worth Rs. 10 billion under which the bank will provide resources for the construction of LDA City Naya Pakistan Apartments.…

Read More
Tax Havens, a Global Issue

Tax Havens, a Global Issue

The Panama Papers, Luxembourg Leaks and Paradise Leaks clearly show how large-scale tax evasion and money laundering is taking place through tax havens around the world. Tax evasion through tax havens has become a global…

Read More
Largest number of new cars expected in a year in 2021

Largest number of new cars expected in a year in 2021

Pakistan’s auto sector is on the path to a beautiful recovery as it will launch the largest number of new cars in a year in 2021. “This is the first time in Pakistan’s history that…

Read More
Share it !