SBP devised procedures to open bank account without visiting bank branch
After the great success of the Roshan Digital Account framework, the State Bank of Pakistan (SBP)…
Nadra launches contactless biometric verification for banking sector
The National Database and Registration Authority (Nadra) has introduced contactless biometric…
Prize Bonds last date to encash for denominations of 15000 40000 and 25000
Prize Bond last date to encash for denominations of 15000 40000 and 25000The last date to…
FBR withdraws all appeals in exemption on foreign remittances
Federal Board of Revenue (FBR) has withdrawn all the appeals pertaining to income tax exemption on…
Car financing reaches to record high
Banks’ financing of cars in Pakistan increased by Rs 99 billion (or 46 per cent) in the last…
Instructions of State Bank regarding Cost of using Digital Fund Transfer Services
The State Bank of Pakistan on 16th June 2021 issued circular PSD Circular No. 02 of 2021 whereby…
Govt Considers to end 1% Bank Deduction on IT Export Remittance
The government is considering over stopping banks from deducting 1% or 2% percent tax on IT foreign…
European Central Bank inches closer to 'digital euro'
The European Central Bank (ECB) moved closer to a “digital euro” with the launch of a pilot…
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…
FBR Records historic growth again in May, 18% Growth in 11 Months
Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the first…
