Mobilink Bank witnesses multiple financial milestones in 2023, solidifying its position in the banking industry. With a revenue of PKR 41,053 million, representing 72% growth from the previous year, the Bank’s performance underscores its commitment to excellence and innovation, particularly in its support for women and Small and medium-sized enterprises (SMEs). Mobilink Bank’s commitment to…
In a groundbreaking development, the world’s first resilient SIM, capable of seamlessly switching between network providers, has been introduced. This technological innovation marks a significant advancement in the realm of SIM card technology, offering users an unprecedented level of resilience and connectivity in diverse network environments. The resilient SIM’s ability to automatically switch network providers…
In a decisive move, the Federal Board of Revenue (FBR) has established a deadline for the submission of tax proposals for the fiscal year 2025 (FY25) from investors and companies. This step is part of FBR’s proactive approach to engaging stakeholders in the budgetary process, seeking input and suggestions to formulate a comprehensive and inclusive…
In a strategic move, Toyota Indus Motor Company (IMC) is set to make a substantial investment of Rs 3 billion in the local production of auto parts. This development underscores the company’s commitment to fostering domestic manufacturing capabilities and aligning with the broader objectives of promoting self-sufficiency in the automotive sector. Toyota-IMC’s decision to invest…
Pakistan is on the brink of securing the final tranche of $1.1 billion from the International Monetary Fund (IMF), marking a significant step forward in the ongoing financial assistance program. The imminent disbursement of this tranche reflects the country’s adherence to the terms and conditions set by the IMF, demonstrating commitment to economic reforms and…
Zong 4G, Pakistan’s leading telecommunication organization Zong 4G, has collaborated with BaKhabar Kisan to facilitate seamless communication between the Farmers and Agri Experts to make informed and timely decisions, maximize yield and financial benefits to their livelihoods. BaKhabar Kisan is a comprehensive agricultural knowledge platform for farmers throughout Pakistan offering expert guidance on weather, crop…
The Pakistani tax law has come under scrutiny as major tech giants, including Google and Facebook, express reservations over what they deem as a flawed interpretation within the legislation. This development highlights the challenges and concerns raised by prominent digital platforms regarding the clarity and accuracy of the existing tax regulations in Pakistan. The apprehensions…
In a significant announcement, the Chairman of the Federal Board of Revenue (FBR) has stated that the anticipated reforms within the FBR will be implemented under the auspices of the incoming government. This revelation outlines the strategic approach and commitment of the FBR in reshaping tax-related policies and administration to foster a more efficient and…
In a recent development, the government is contemplating a potential reduction in the tariff for solar net metering. This consideration has significant implications for individuals and businesses engaged in solar energy generation and could impact the overall dynamics of the renewable energy sector in the country. The exploration of a reduction in solar net metering…
In a recent development, the rates of profit on National Savings Schemes (NSS) have experienced another decrease. This adjustment in rates impacts investors participating in NSS, signaling a shift in the financial landscape that could influence investment decisions and preferences. The reduction in rates on NSS underscores the dynamic nature of financial markets, where factors…
