Islamabad, June 9, 2020: Pakistan is looking for its brotherly countries to defer payment against loans of nearly $7.7 billion in the challenging economic times of COVID-19. In an interview Dr Hafeez Shaikh, Advisor to PM on Finance said, “We are in talks with our development partners to move these deposits towards longer tenors.” Loans…
Quratulain Y Azher Islamabad, June 9, 2020: Tax payments and fees on mobile consumers and operators in Pakistan are among the highest in developing Asia, said Global System for Mobile Communications (GSMA) in its report. Accordingly, customers various accounts of taxes including GST of 17 to 19.5 on mobile services, Rs 300, 1,000 on handsets,…
Karachi, June 09, 2020: The government is working to rationalize the taxes to encourage new investments with focus on reviving labor intensive sectors of the economy including construction, housing and agriculture related industries. The government assured the masses and the business community for not introducing any new tax in the next budget due to economic…
Karachi, June 09, 2020: Pakistani government will save nearly $1.8 billion on the account of suspension of principal and interest payment of the loans from G20 States. The relief is the part of the gesture of G20 states that have offered suspension of principal and interest for over 70 developing countries, including Pakistan. The savings…
Mastercard white paper found that cash prevalence can have a high economic cost purely by virtue of its existence – not less than 3.2 percent of global GDP Karachi, June 09, 2020: Countries that prioritize digitized payment economies are better placed to mitigate the associated adverse impact of unemployment, financial exclusion, fraud, theft, cost of…