1. Home
  2. FINANCE

Category: FINANCE

FINANCE
Biggest Bank Fraud Ever

Biggest Bank Fraud Ever

Central Bureau of Investigation (CBI) in India has filed a bank fraud case against DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan for defrauding a consortium of 17 banks led by Union Bank of India for…

FINANCE
State Bank of Pakistan Extends Banking Hours for Tax Collection | FBR Tax Recovery Target

State Bank of Pakistan Extends Banking Hours for Tax Collection | FBR Tax Recovery Target

In order to facilitate the recovery of Government receipts, duties, and taxes at May 2022 end. State Bank of Pakistan decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of…

FINANCE
State Bank of Pakistan Issues Advisory Against Illegal Foreign Exchange Trading Websites, Apps

State Bank of Pakistan Issues Advisory Against Illegal Foreign Exchange Trading Websites, Apps

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 statement, said that…

FINANCE
List of ADC Enabled Banks for Online Payment of FBR Taxes

List of ADC Enabled Banks for Online Payment of FBR Taxes

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 ADC: Customs Duty,…

FINANCE
Minimum Nisab of Zakat deduction in 2022

Minimum Nisab of Zakat deduction in 2022

The State Bank of Pakistan (SBP) has fixed the Nisab for Zakat deduction on bank accounts at Rs88,927 for the ongoing year. According to a statement issued by the Poverty Alleviation and Social Division Wednesday,…

FINANCE
State Bank of Pakistan Eases Conditions for Housing Finance

State Bank of Pakistan Eases Conditions for Housing Finance

The State Bank of Pakistan (SBP) relaxed financing conditions for housing units in under construction projects. The State Bank of Pakistan (SBP) issued a circular dated February 25, 2022 to ease the conditions for house…

FINANCE
What is Raast? How will it help to Citizens of Pakistan?

What is Raast? How will it help to Citizens of Pakistan?

Raast – Pakistan’s First Instant Digital Payment System Raast is Pakistan’s No. 1 instant digital payment system. It enables end-to-end digital payments between individuals and businesses all over the Pakistan. The Raast payment system was…

FINANCE
Governor State Bank of Pakistan Dr Reza Baqir Salary

Governor State Bank of Pakistan Dr Reza Baqir Salary

The Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir, gets a monthly salary of Rs. 2.5 million, according to a document submitted to the Senate Secretariat by the Finance Division. In a…

FINANCE
Senate Finally Passes Controversial State Bank Amendment Bill

Senate Finally Passes Controversial State Bank Amendment Bill

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 presented by the…

FINANCE
State Bank to Issue New Licenses to 5 New Digital Banks

State Bank to Issue New Licenses to 5 New Digital Banks

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 regulatory authority…