FBR updates, income tax, budgets and markets for Pakistan
54 articles
According to the SBP, the program has been designed to incentivize Pakistani workers abroad to send remittances to Pakistan through banks and exchange companies. They will get reward points every time they…
The FBR has decided to engage top property valuation experts of State Bank of Pakistan (SBP) for making consultations with stakeholders concerned and recommend changes in recently notified valuation rates of immovable…
The State Bank of Pakistan expressed serious concerns on Thursday over speculation by banks in the currency business, saying they were involved in the multibillion-rupee game. Banking sources said a high-level meeting,…
The State Bank of Pakistan (SBP) is soon be granted autonomy as an amendment bill was approved in the parliament on Wednesday, bringing Pakistan a step closer to reviving the $6 billion…
The State Bank of Pakistan (SBP) has launched a module pertaining to the banking policy and regulations to enhance efficiency and promote Green Banking practices. In a statement, the central bank said:…
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…
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…
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…
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…
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 National Database and Registration Authority has activated the mandatory biometric verification of dollar buyers. It has deployed this filter immediately despite a request by the exchange companies for an extension of…
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…
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…
The State Bank of Pakistan has tightened the rules and regulations of auto financing for consumers to get cars of up to 1000cc. It has revised the Prudential Regulations for Consumer Financing.…
The National Database and Registration Authority (Nadra) has introduced contactless biometric verification services for the banking and payments industry, making Pakistan one of the first countries in the world to implement the…
Governor State Bank of Pakistan, Dr. Reza Baqir, announced two new initiatives to facilitate the introduction of digital financial products and services by financial institutions which will benefit to the society. These…
According to the details, the SBP had instructed banks and other service providers in March 2020 to ensure that all its customers, regardless of the volume of transactions, are not affected by…
While talking at the Lahore Chamber of Commerce and Industry (LCCI), Raza Baqir said that the government would give guarantee to banks against losses of business units and would invite to banks…
The last date for encashment or conversion of Rs 15,000 prize bond was June 30, 2021, while, May 31, 2021 was for Rs. 25,000 and Rs 40,000 prize bonds. The SBP has…
The main purpose of these revisions is to promote ease of doing business. To ease the current instructions, minimizing the redundancies and delegating more powers to the Authorized Dealers to facilitate the…