Government Announces a New Simplified and Convenient Tax Regime for Roshan Digital Accounts

Based on feedback from the diaspora and recommendations from SBP, the Federal Government has introduced several amendments in the Income Tax Ordinance 2001 through Tax Laws (amendment) Ordinance 2021 to make the taxation regime simple, convenient and hassle-free for Non Resident Pakistanis (NRPs) maintaining Roshan Digital Accounts (RDAs). The amendments simplify and reduce… Continue reading

Bank Alfalah continues with prudent provisioning leading to PAT of Rs. 8.3 billion; operating profit up 11.4%

The Board of Directors of Bank Alfalah Limited in its meeting held on October21, 2020, approved the Bank’s unaudited condensed interim financial statements for the period ended September 30, 2020. The Bank’s operating profit at Rs.20.614 billion showed a growth of 11.4% compared to the corresponding period of 2019 despite… Continue reading