FBR updates, income tax, budgets and markets for Pakistan
89 articles
State Bank of Pakistan (SBP) has issued an advisory against offshore foreign exchange trading websites and apps and has cautioned people against buying products or services from these platforms. SBP, in a…
Federal Board of Revenue (FBR) has facilitated to taxpayers to pay duty and taxes through alternate delivery channels (ADC). The taxpayers had facility to make payment of following types of taxes through…
According to a statement issued by the Poverty Alleviation and Social Division Wednesday, minimum Nisab of Zakat deduction in 2022 has been explained. As per notification, Zakat will be deducted from saving…
The State Bank of Pakistan (SBP) issued a circular dated February 25, 2022 to ease the conditions for house financing. It said that in order to further facilitate buyers of housing units…
The Raast payment system was developed by State Bank of Pakistan. It enables real-time transfer of money without any transaction fees. You have to do is register your mobile number with your…
In a written reply to a question moved by Pakistan Muslim League-Nawaz (PML-N) Senator Irfan Siddiqui that Governor State Bank of Pakistan Dr. Baqir’s monthly salary is Rs. 2.5 million, with an…
The Senate has officially passed the State Bank of Pakistan Amendment Bill in a session in Islamabad today. The session was presided over by Senate Chairman Sadiq Sanjrani and the bill was…
The State Bank of Pakistan (SBP) will soon embark upon a journey toward an advanced banking system in the country by issuing licenses for setting up digital banks. In the first phase,…
The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its Point of Sale (POS) system to keep an eye on the trading activities of the forex…
A committee headed by the deputy governor of the State Bank of Pakistan (SBP) has recommended a complete ban on cryptocurrency, saying that allowing it could lead to an outflow of foreign…
The Federal Investigative Agency's (FIA) Cyber Crime Wing said on Friday that it has issued a notice to an official from Binance, a popular cryptocurrency exchange, while investigating a multi-million dollar scam.…
According to the SBP, the program has been designed to incentivize Pakistani workers abroad to send remittances to Pakistan through banks and exchange companies. They will get reward points every time they…
Hackers have stolen more than Rs. 5.8 million cash from an ATM of a branch of the National Bank of Pakistan (NBP) located in Pindi Bhattian, a city of Punjab’s Hafizabad district.…
The State Bank of Pakistan (SBP) is soon be granted autonomy as an amendment bill was approved in the parliament on Wednesday, bringing Pakistan a step closer to reviving the $6 billion…
The State Bank of Pakistan (SBP) has set a new deadline of June 30, 2022, for exchange companies to ensure the implementation of the Biometric Verification System (BVS). A circular issued by…
Naya Pakistan Certificates (NPCs) are USD, PKR, Euro and British Pound-denominated sovereign instruments issued by the Government of Pakistan. NPCs offer attractive risk-adjusted returns over different maturities. They are available in both…
The National Bank of Pakistan (NBP) reported a cyber-attack that is being investigated, confirmed the State Bank of Pakistan (SBP) on Saturday, adding that the situation is being monitored closely. "NBP has…
Four commercial banks – two of them owned by the government of Pakistan – have submitted their bids to give a maximum of Rs30 billion in loans under the Kamyab Pakistan Programme…
The International Monetary Fund (IMF) has placed a condition on Pakistan to close all the bank accounts maintained by public sector entities and the defence ministry in commercial banks. The money should…
Keeping in view need to improve availability of adequate housing in the country and important role of construction sector in boosting economic activities in other countries, Government of Pakistan envisions to increase…