Bilwani asks FBR to give a single example for releasing refund in 72 hours reacting to the statement of FBR given to Senate Standing Committee on Finance

Muhammad Jawed Bilwani, Chairman, Pakistan Apparel Forum and Chief Coordinator & Former Chairman, Pakistan Hosiery Manufacturers & Exporters Association (PHMA) reacting to the statement of FBR Member IR Policy Dr. Hamid Ateeq Sarwar given to Senate Standing Committee on Finance stating that FBR through its Official has as usual given… Continue reading

FPCCI concerned over limiting release of income tax refunds

KARACHI: President Federation of Pakistan Chambers of Commerce and Industry FPCCI Mian Anujm Nisar President expressed serious concern over limiting the release of income tax refunds to Rs.5 million by Federal Board of Revenue (FBR). Mian Anjum Nisar appreciated the Advisor to Prime Minister Dr. Abdul Hafiz Sheikh that he… Continue reading

SBP launches Electronic Money Institutions Regulations

KARACHI: The State Bank of Pakistan (SBP) held Monday the launching ceremony of regulations of Electronic Money Institutions (EMIs) in Islamabad. Federal Minister for Finance, Revenue and Economic Affairs, Asad Umar was the chief guest. EMIs are non-bank entities that will be licensed by the SBP to issue e-money for… Continue reading

Younus Dagha posted Secretary Finance Division

ISLAMABAD: The Cabinet Secretariat, Goverment of Pakistan has posted Muhammad Younus Dagha as Secretary Finance Division. “Muhammad Younus Dagha, a BS-22 officer of Pakistan Administrative Service, presently posted as Secretary Commerce Division is transferred and posted as Secretary Finance Division w.e.f March 22, 2019 and until further orders,” a notification… Continue reading

National Bank of Kuwait (NBK) declares dividend, bonus shares

KUWAIT CITY: National Bank of Kuwait (NBK) Group has achieved strong performance across all business segments in 2018. Such strong results reflect the success of the bank’s strategy aimed to expand its international operations and increase their contribution to the Group’s profits, in line with NBK’s keenness to affirm its… Continue reading

Pakistan targets $5.5 billion additional exports by 2023

ISLAMABAD: PTI government has set  National Financial Inclusion Strategy (NFIS) targets for the next 5 years, which will help to create at least 3 million new jobs and additional exports of $5.5 billion by 2023. Government is fully committed to improve the livelihoods of Pakistanis through job creation, promoting entrepreneurship… Continue reading

Finance Supplementary 2nd Amendment: Growth, boost rightly supersede deficit worry

OPINION: Thank God, we have finally realized that, what we needed the most was growth and the overall boost to the economy through corrective structural measures rather than the typical punitive mindset towards businesses. This is reflected from the needed structural corrections made to the Finance Bill, which would be… Continue reading

SBP expands the scope of National Financial Literacy Program to all over Pakistan

KARACHI: In order to create awareness about the National Financial Literary Program (NFLP) and more specifically, sensitize the masses regarding the on-ground execution, a dedicated NFLP mass media campaign is being launched from January 15, 2019 through print, radio and social media. It is important to mention here that the… Continue reading

SBP, USAID assure devising SMEs polices in consultation with KCCI

KARACHI: The State Bank of Pakistan (SBP) and Unites States Agency for International Development (USAID) have assured that the Karachi Chamber of Commerce and Industry (KCCI) will be taken on board and frequently consulted prior to devising numerous polices for the Small & Medium Enterprises (SMEs) while special attention will… Continue reading