Top News
Why restriction on NetFlix at Meezan Bank?
Meezan Bank is a licensed Islamic bank and as per the regulations and Shariah Compliance Guidelines of SBP, it cannot provide any product or service that is not in line with the Shariah Compliance guidelines. Similar is the case with Debit Card, the terms and condition of the debit card restrict its user to use…
Heavy taxes on real estate to generate revenues
By Muhammad Abdullah The government has come up with a strict decision to impose heavy taxes on the real estate to discourage the prevalent trend of investment on immovable property. The proposal to introduce high tax rate not only generate revenues for the national kitty from the pockets of rich and wealthy people but this…
Facebook Users in Pakistan focus on food, clothing during Ramadan
Karachi, June 1, 2019: During Ramadan, people tend to focus on purchasing food, clothing and household items through Facebook and its other social media platforms, according to a survey. Sixty-one percent of respondents agree that Ramadan is a time for good food, 37% say it is the best time to find good deals and 37%…
Pakistan Joins Global Financing Facility
By Muhammad Yasir Pakistan has recently joined the Global Financing Facility for Women, Children, and Adolescents (GFF) following the replenishment event that raised more than US$1 billion. It is one of the 9 countries that has become part of the league including—Chad, Ghana, Mauritania, Niger, Pakistan, Somalia, Tajikistan, Zambia, and Zimbabwe—will join the GFF, bringing…
Interministerial meeting on simplification of export facilitation schemes
Islamabad, May 22, 2019: Secretary Commerce Sardar Ahmad Nawaz Sukhera chaired an inter-ministerial meeting on simplification of export facilitation schemes i.e. Duty and Tax Remission on Export, Bonded Warehouse, Manufacturing Bond and Export Oriented Units. The prominent exporters from different sectors and representatives of FBR, Textile Division, National Tariff Commission and leading trade bodies i.e….