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    FINANCE
    New Deadline for implementation of Biometric Verification System for Exchange Companies

    New Deadline for implementation of Biometric Verification System for Exchange Companies

    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 SBP states, “All…

    FINANCE
    Naya Pakistan Certificates | How to Invest in Naya Pakistan Certificates?

    Naya Pakistan Certificates | How to Invest in Naya Pakistan Certificates?

    About Naya Pakistan Certificates 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 conventional…

    FINANCE
    State Bank Confirms no financial loss due to cyber attack on NBP Bank

    State Bank Confirms no financial loss due to cyber attack on NBP Bank

    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 reported a cyber…

    FINANCE
    Four banks submit bids for Kamyab Pakistan Programme

    Four banks submit bids for Kamyab Pakistan Programme

    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 over the next…

    FINANCE
    IMF demands closure of Bank Accounts of public sector entities

    IMF demands closure of Bank Accounts of public sector entities

    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 be transferred to…

    FINANCE
    Mera Pakistan Mera Ghar Housing Loan Scheme

    Mera Pakistan Mera Ghar Housing Loan Scheme

    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 the number of…

    FINANCE
    State Bank is all set to introduce full fledged digital banking

    State Bank is all set to introduce full fledged digital banking

    The State Bank of Pakistan (SBP) is all set to introduce full-fledged digital banking in a month to allow people performing financial transactions without physically visiting banks and to accelerate the financial inclusion drive, said…

    FINANCE
    Last date to file income tax returns and extended timings of FBR and Banks

    Last date to file income tax returns and extended timings of FBR and Banks

    Notification of FBR for Collection of Duty & Taxes on 15th October, 2021, C.No. 1(137) STM/2017/16485/R “I am directed to refer to the subject and to state that all LT0s/MT0/CTOs/RTOs shall remain open and observe…

    FINANCE
    Kamyab Pakistan Program officially launched by government

    Kamyab Pakistan Program officially launched by government

    Prime Minister Imran Khan has launched the Kamyab Pakistan Program in a ceremony in Islamabad today. The program worth Rs. 1400 billion is aimed at uplifting 3.7 million poor households and is expected to improve…

    FINANCE
    FBR rejected claims of Currency smuggling from Pakistan

    FBR rejected claims of Currency smuggling from Pakistan

    The Federal Board of Revenue (FBR) has categorically rejected that dollars are being smuggled from Pakistan across the Pakistan-Afghanistan border. A press release issued by FBR on Friday states: “FBR has categorically rebutted the unfounded,…