FBR updates, income tax, budgets and markets for Pakistan
54 articles
Govt decides to suspend cryptocurrency services in the country. In following the guidelines of the global anti-terror financing watchdog, the Government of Pakistan has decided to suspend cryptocurrency online services in the…
Prize Bond Schedule 2023 from January to December 2023. In Pakistan, Prize bonds are a very famous type of investment. Currently, premium prize bonds are issued by State Bank of Pakistan for…
Faysal Bank gets Islamic Banking License. The State Bank of Pakistan (SBP) has issued another Islamic banking license to Faysal Bank Limited (FBL). Now it has become the second-largest complete Islamic bank…
SBP Revises Limit of Foreign Currency Carrying for Travelers. The State Bank of Pakistan (SBP) has recently revised the limit of foreign currency carrying for travelers. SBP reduced the foreign currency cash-carrying…
How to Export US Dollars on Consignment Basis - SBP Directs. On Tuesday, the State Bank of Pakistan (SBP) directed Foreign exchange companies to take prior approval before exporting US dollars (USD)…
According to Notification of Finance Division on Friday the government has appointed Jameel Ahmad as Governor of the State Bank of Pakistan (SBP). Jameel Ahmad ha been appointed with immediate effect for…
Tax Offices, State Bank and National Bank Timings on 30 and 29 June: Pakistan tax offices have been directed to follow extended office hours on the last two days of the current…
The State Bank of Pakistan (SBP) plans to issue commemorative banknotes of Rupees 75 to mark the 75th Independence Day of Pakistan. According to ProPakistani.pk, the Cabinet has approved the design of…
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…
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…
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…
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 changed the definition of the exported goods for claiming duty drawback covering supplies against international tenders or supply to industrial units, projects, institutions, agencies, and…
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.…
Federal Minister for Finance Shaukat Tarin on Thursday presented the much-awaited supplementary finance bill 2021 — termed by the Opposition as a "mini-budget" — in the National Assembly, as a pre-requisite to…
The federal cabinet on Tuesday approved the State Bank of Pakistan (SBP) amendment bill to give absolute autonomy to the central bank in a bid to qualify for the $1 billion loan,…
The proposed increase of five percent (5%) in the withholding tax (WHT) on telecommunication services and the standard rate of 17% percent sales tax on import of computers and accessories is expected…