Zubair Motiwala for out of turn release of IT refunds to small traders, SMEs

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) M. Zubair Motiwala has stressed that the pending Income Tax Refund Claims of small traders, shopkeepers and the SMEs must be calculated out of the turn and the claims of around Rs50,000 to Rs100,000, whose… Continue reading

BMR loans should be continued under TERF to regain momentum and enhanced industrial output

Mian Nasser Hyatt Maggo President and Khawaja Shazaib Akram Senior Vice President Federation of Pakistan Chambers of Commerce and Industry urged the Prime Minister to extend the time period of the Temporary Economic Refinance Facility (TERF) for the industries. This low-priced refinance facility has promoted investment in new projects and… Continue reading

Meezan Bank announces direct integration with Visa enabling seamless transactions

Karachi: Meezan Bank, Pakistan’s first and largest Islamic Bank, has recently announced direct integration with global digital payments leader, Visa, for routing settlement of Visa card transactions. The shift comes in continuation with its direct integration with Mastercard last year, bringing the Bank a step closer to its goal of… Continue reading

TPL Insurance Partners with Sastaticket to provide Travel Insurance Services

TPL Insurance, Pakistan’s first Direct Insurance Company, has partnered with Sastaticket, a one-stop shop for all travel related services, based in Karachi. Following the partnership, customers will have access to TPL’s Travel Insurance products while they compare airline and hotel prices on Sastaticket.pk. Additionally, Sastaticket customers will get coverage of… Continue reading

Mian Nasser Hyatt Maggo urges to establish FBR’s help-desk at FPCCI Head Office

Karachi (PR): Mian Nasser Hyatt Maggo President FPCCI thanked Dr. Muhammad Ashfaq Ahmad Member Inland Revenue (Operations) and his team including Dr. Afta Imam, Chief Corporate Tax Office, Hameed Memon Chief Medium Tax Officer, Nazeer Shoro Chief RTO 1and Badar Uddin Qureshi Chief Large Tax Office for their presence at… Continue reading

IT services export potential $ 10 B with one million new jobs – OICCI Digital Report

Karachi: The “OICCI Recommendations for Digital Economy” report was launched on January 18th, 2021 highlighting the much-needed shift required to capture the opportunity of Digital transformation happening within and outside Pakistan through New Economy mindset. By digitizing most, if not all, key segments of the economy could boost IT export… Continue reading

Pak needs 6-7% annual economic growth to reduce poverty, unemployment

Anjum Nisar says LSM positive tendency good news but industry hasn’t yet achieved pre-corona production level The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) ex-president and Businessmen Panel Chairman Mian Anjum Nisar has expressed the hope that the positive growth in large-scale manufacturing (LSM) will help achieve the… Continue reading

SECP aims to liberalize Non-Bank financial sector through promoting self-regulation

ISLAMABAD: In pursuance of its reforms agenda for reforming the non-bank financial services, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Self-Regulatory Organizations (Registration) Regulations, 2021 for soliciting public comments. These transformational regulations, being introduced for the first time under the SECP Act 1997, are intended to… Continue reading

BankIslami enables its account holders on NIFT ePay

BankIslami signs up with NIFT ePay for Digital Commerce Payments. Karachi: BankIslami, in line with its vision to enable and promote cash-less and digital payments, becomes the first Islamic bank to go live with NIFT ePay. National Institutional Facilitation Technologies (NIFT), one of the largest payment processors in Pakistan launched… Continue reading

Foreign investors lead the CSR initiative with investment of 16 billion

Karachi: About 100 of the leading foreign investors, members of the Overseas Investors Chamber of Commerce and Industry (OICCI), actively participated in support of the GOP’s effort to fight the pandemic of COVID-19, without stepping back from their continuing commitment to CSR activities which benefit the marginalized communities across the… Continue reading

  • RSS Bloomberg