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Daily Archives: December 13, 2021

FBR Rebuts Social Media Posts About POS Integration Drive

The Federal Board of Revenue (FBR) has clarified that the rate of service charges is Re. 1, instead of one percent being projected on social media, on the invoices issued by Tier-1 retailers integrated with the FBR electronic system of real-time report…

Government is Keen to Provide Conducive Environment to Facilitate SMEs: Shaukat Tarin

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Monday said the government is keen to provide a conducive environment to facilitate small and medium enterprise growth and ease of doing business.He made these remarks while chairing…

SBP Launches Asaan Mobile Account

The State Bank of Pakistan (SBP) launched a new initiative, Asaan Mobile Account (AMA), under the National Financial Inclusion Strategy, with the objective to bring further ease in remote account opening under branchless banking.This means that the cus…

Tarin Vows to Resolve Fertilizer Industry’s Problems on Priority

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Monday said the government will resolve the problems facing the fertilizer industry as it admires its critical role in the country’s economic progress.He made these remarks during a …

Remittances Grew by Almost 10% in First 5 Months of FY22

With $2.4 billion of inflows during November 2021, workers’ remittances continued their strong streak of remaining above $2 billion since June 2020.In terms of growth, on a YoY basis, remittances increased by 0.6 percent in November 2021. In October 20…

FBR Proposes an Increase in Tax on Mobile Cards

The Federal Board of Revenue (FBR) on the instructions of the International Monetary Fund (IMF) has proposed to enhance advance tax on mobile cards in the mini-budget.Sources told ProPakistani that the tax department has proposed revenue measures such …

Govt Begins Revising USF Framework for More Productivity & Accountability

The government is planning to revise the legal and institutional framework of the Universal Service Fund (USF), which has provided Rs. 87 billion in subsidies during the last 15 years, to expand telecommunication services in un-served and under-served …

ICC TV to Broadcast Pakistan vs West Indies Series

Cricket fans from every corner of the globe will now be able to watch Babar Azam’s side in action against the West Indies as the Pakistan Cricket Board enters a partnership with ICC TV.The partnership, part of the PCB’s efforts to increase its broadcas…