Business
PTI government all set to unveil its first budget on Tuesday
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,…
Fresh currency note issuance on Eid-ul-Fitr 2019
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…
Interest-free loans approved for meritorious students under Student Loan Scheme
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,…
Banks Account Holders To Whiten Their Money In Amnesty Scheme
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…
Businesses urged to urgently open their CDC Accounts
Lahore, June 3, 2019: Central Depository Company has urged businessmen who have opted for Sales Tax Refund payments through Refund Bonds to urgently open up Sub Account or Investor Account with Central Depository Company of Pakistan Limited (CDC) in order to get Sales Tax Refund payments through Refund Bonds. Out of total 600 sales tax refunds claimants, Around 200…