Finance
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,…
#DigitalPakistan
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Business
Highest IT Exports of Pakistan in 6 Months
Information and Communication Technology (ICT) export remittances, including telecommunication, computer, and information services for the first half (July-December) fiscal year 2021-22 surged to $1.302 billion at a growth rate of 36 percent…
Updates
FBR Develops Automated System in WeBOC to facilitate SME Businesses
Pakistan Customs (FBR) has developed an automated facility in WeBOC System to enable the small and medium export enterprises to acquire imported input goods from a Common Export House for subsequent exports…
Updates
Deadline for Digital Mode of Payments Proposed to further extend
Federal Board of Revenue (FBR) is examining a proposal to further extend time period beyond November 1, 2021 for the corporate sector to shift over to the digital mode of payments. FBR…
Markets
State Bank releases Annual Payment Systems Review for Financial Year 20-21
State Bank of Pakistan (SBP) releases Annual Payment Systems Review for Financial Year 2020-2021 showing significant growth in the space of digital financial transactions in the country. Mobile banking volume up by…
Finance
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…
Taxation
FBR develops Single Sales Tax Portal
Building further on its ongoing drive for digitization and automation of various processes involved in revenue collection, Federal Board of Revenue (FBR) has developed “Single Sales Tax Portal” to facilitate the taxpayers…
Taxation
Taxation and changes for IT and IT enabled services, startups and freelancers
Let us see the taxation of IT and IT enabled services, freelancer and startups. Both income tax and sales tax provisions are here hereby explained. Further, the recent changes in taxation of…
Finance
State Bank of Pakistan Signed MoU to bring digitization in federal government payments
According to the central bank, SBP's flagship initiative provides an easy, fast, low-cost, interconnected and secure electronic payment platform for quick processing of high-volume retail payments. The country's first instant payment system…
Finance
'Raast' first instant digital payment system launched by Pakistan
A major step towards achieving maximum efficiency in the economy of payment and digitization of sending and receiving. Prime Minister Imran Khan on Monday launched the country's first instant digital payment system…
Finance
The State bank of Pakistan launching a new payment system called ‘Raast’
The State Bank of Pakistan (SBP) is ready to introduce a global payment system called 'Raast', which will be a huge leap in the digitization of the country's financial system. Payment systems…
Business
Digital Pakistan: PTCL to launch public Cloud platform
Digital Pakistan is another step forward towards technological prosperity of Pakistan. It is a change which aimed that all segments of the society will have equal access to the government services. Pakistan…