Ghandhara Tyre (GTR) recently celebrated its 60th anniversary, marking six decades of leadership and reliability with German-engineered technology perfectly tailored to the roads of Pakistan. A grand event was organised in Lahore to commemorate this milestone, attended by more than 160 esteemed company dealers. The celebration was an acknowledgement of GTR’s journey and a tribute…
In a groundbreaking development, the IT Minister, PayPal, and the Pakistani government have come together to address the persistent demand from freelancers. This initiative allows freelancers to seamlessly channel their remittances through the widely-used international gateway, PayPal. Caretaker Federal Minister for Information Technology and Telecommunication, Dr. Umar Saif, shared this positive news with journalists, signaling…
In a significant development, the Lahore High Court (LHC) has delivered a ruling on writ petitions related to search warrants against corporate taxpayers. According to the LHC, the Federal Board of Revenue (FBR) is restricted from issuing search warrants for corporate taxpayers unless there are pending sales tax proceedings with the department. The LHC’s order,…
In a monumental leap towards redefining Pakistan’s entrepreneurial landscape, the MoITT is gearing up to introduce the country’s inaugural startup fund on January 9, 2024. Taking charge as the executing body, the Ignite-National Technology Fund ensures transparency through an independent steering body overseeing operations. The government’s unwavering commitment to fostering innovation is reflected in the…
In a groundbreaking development for Pakistan’s telecommunications industry, the Federal Minister for IT and Telecommunication, Dr Umar Saif, has confirmed the establishment of a Telecommunication Appellate Tribunal. The move, approved by President Dr Arif Alvi through amendments in the Telecom Act, marks a historic moment in the country’s legal framework. Dr Saif highlighted that the…
Mobilink Bank, Pakistan’s leading digital microfinance institution, partnered with the National Institute of Banking & Finance (NIBAF) to share its vision and practices with the entire banking industry as a result of introducing an innovative product of Commercial Vehicle. The idea behind bringing this product is to nurture entrepreneurship and foster economic growth, generating employment…
In a cricketing feat that solidifies their resilience and skill, the Pakistan Cricket Team has achieved a remarkable milestone by never getting bowled out in a single session across multiple formats. This impressive statistic places them in an exclusive club, showcasing their consistent and tenacious performance on the field. Analysts and cricket enthusiasts have lauded…
In a strategic move, the FBR has finalized a groundbreaking scheme to impose sales tax on retailers in prominent cities like Islamabad, Karachi, Lahore, Peshawar, and Quetta. FBR finalized this initiative in anticipation to significantly boost revenue, with FBR sources projecting an initial yield of Rs. 100 billion from retailers in major cities. This figure…
In a proactive move to bolster cybersecurity defenses, the government of Pakistan has issued a total of 64 cybersecurity advisories in 2023. These advisories, strategically disseminated by the cabinet division, are designed to heighten awareness among government officials and citizens, addressing the escalating threats posed by cyberattacks. This surge in advisory issuance reflects the government’s…
Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones with the launch of its 1000th branch and the surpassing PKR 2 trillion deposits, reflecting its enduring commitment to growth and further solidifying its position as a leading financial institution in the country’s banking sector. The launch of the 1000th…
