Islamabad, June 11, 2019: Pakistan Telecommunication Authority (PTA) has been ranked 7th largest tax-paying organization among its peers in 2018 on its income to the Federal Board of Revenue (FBR). In addition, the telecom regulator has generated over Rs. 209 billion from June 2013 to March 2019 through its levies, fee and other charges. PTA…
Islamabad, June 10, 2019: The Pakistan Tahreek-i-Insaf led government is all set to present its first Federal Budget for the fiscal year 2019-20 in the Parliament on June 11 (Tuesday). The budget envisages fiscal management, revenue mobilization, measures for economic stabilization and growth, reduction in non-development expenditures; boosting exports besides providing relief to the masses,…
Karachi, June 3, 2019: The State Bank of Pakistan (SBP), through 16 field offices of its subsidiary SBP-Banking Services Corporation (SBP-BSC), provided fresh banknotes of various denominations aggregating to Rs. 360 billion, including Rs. 61 billion of Rs.100 and below denominations, via cash counters of banks and SMS service (8877) to the general public during…
Karachi, June 3, 2019: The Apex Committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL, and MCB Bank) has approved Rs 51.987 million as interest-free loans to deserving students for their current year of studies within Pakistan. The amount,…
Karachi, June 3, 2019: Federal Board of Revenue (FBR) is all set to tighten the screws on banking customers who will be asked to whiten their bank deposits of Rs. 0.5 million and above under the recent Amnesty Scheme. In the recent meeting with the FBR Chief with Chief Financial Officers of different banks, it…