Karachi, March 02, 2021: All Iron Steel Merchants Association has asked The Federal Board of Revenue (FBR) to restore all tax exemptions available to the people of Federally Administered Tribal Areas (Fata) and Provincially Administered Tribal Areas (Pata). According to Budget proposal submitted by All Iron Steel Merchants Association, the exemption from sales tax will remain…
Karachi, March 02, 2021: Headline inflation increased to 8.70 percent YoY in February, compared to 5.65 percent YoY in the preceding month. This was expected, given the hike in electricity charges. Electricity charges were the key contributor to a higher CPI in February, increasing by ~29 percent MoM. Over half of the MoM increase in…
Karachi, March 02, 2021: Pak-UK Business Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) organised a Partnership Collaboration Agreement Signing Ceremony with Greater Manchester Chambers of Commerce (GMCC) – which has over 5000 registered British Businesses based out of Greater Manchester region of the UK. The high-level understanding between the two…
Karachi, March 02, 2021: TPL Insurance, Pakistan’s first direct insurance Company, has entered into a strategic partnership with HealthSolutions, the world’s first Mobile App providing complete tele-health solutions to people from the comfort of their homes. Following the partnership, the two Companies will offer Personal Accidental Insurance to retail customers at an economical premium of…
Karachi, March 02, 2021: The Pakistani banks earnings increased by 33 percent YoY in 2020 or by Rs60 billion to reach Rs238 billion. This was driven by earlier re-pricing of Liabilities compared to Assets amidst declining interest rates coupled with higher than expected deposit growth of 22 percent YoY, resulting in Net Interest Income (NII)…