Business
Banks Deposits of Up to $10,000 Are Mandatory To Declare As Assets
Karachi, July 02, 2019: Foreign currency deposited in banks’ accounts of below the value of $10,000 could be declared under the Asset Declaration Ordinance 2019 in connection with the amnesty Scheme. This was informed by State Bank of Pakistan (SBP) after the promulgation Assets Declaration Ordinance 2019 in a view to providing for voluntary declaration…
Accountants in Pakistan must work with gov’t to tackle its infrastructure gap
Governments must have the right professional team in place to harness the benefits of additional investment while working to mitigate the significant risks associated with infrastructure projects; Pakistan is forecasted to invest $335bn in its infrastructure and will have a gap of $117.9bn. Thus the difference between investment needed and the investment forecast is 35 percent. Karachi,…
CDC reduces tariff up to 57 pc for Mutual Fund Industry
Karachi, July 01, 2019: Central Depository Company has significantly reduced its service tariff for the Mutual Fund Industry up to 57 percent applicable to different categories of funds. Apart from the said reduction, CDC has also rationalized the trustee fee for small sized mutual funds/schemes by permanently eliminating the minimum fee component and implementing flat rate…
Up to Rs22 hike in the price of CNG from July 01: APCNGA
Recent gas price hike a record in the last ten years: Ghiyas Paracha Raise unacceptable, the Government should resolve the issue through consultation. Karachi, July 01, 2019: The All Pakistan CNG Association on Sunday said notification for a 31 percent hike in the tariff of gas has been issued which will translate into an increase…
Supporting the Expansion of Mobile Payment Solutions in the Transport Industry
Karachi, July 01, 2019: TPL Rupiya and Dosafar have entered into a strategic partnership for digitizing and scaling up the transport industry by providing the opportunity to increase the adoption of mobile payments. Both have signed MoU under which, TPL Rupiya will enable transport industry by providing state-of-the-art e-ticketing and online booking to commuters and further…