The Federal Board of Revenue (FBR) has imposed a 10 percent processing fee on major categories of Afghan transit commercial… Read More
Federal Cabinet Likely to Approve Summit Bank’s Change of Name to Makramah Bank
The Federal Cabinet is likely to approve changing the name of Summit Bank to Makramah Bank. Sources told ProPakistani that… Read More
Fatima Fertilizer to Invest Over Rs. 7.6 Billion in REITs
Fatima Fertilizer Company Limited (PSX: FATIMA) has accorded its approval for investing Rs. 7.662 billion in Real Estate Investment Trusts… Read More
SECP Notifies Amendments to NBFC Rules 2003
The Securities and Exchange Commission of Pakistan (SECP), with the approval of the federal government, has notified amendments to the… Read More
Sales Tax Fraud Spikes Via Fake Invoices Despite Automation
The quantum of sales tax fraud has considerably increased after the facilitation and automation of obtaining new sales tax registrations… Read More
Bank Al Habib to Set Up Exchange Company
The Board of Directors of Bank AL Habib Limited (PSX: BAHL) has approved the establishment of an exchange company with… Read More
NEPRA Exposes Chinese Power Plants For Using Low-Quality Coal
The National Electric Power Regulatory Authority (NEPRA) has called out Chinese power plants for utilizing lower-quality coal. This was revealed… Read More
Organic Meat Company Ltd to Keep Using Sea Route For Meat Exports to UAE
The Organic Meat Company Limited (PSX: TOMCL) informed PSX that it will continue to export meat to the United Arab… Read More
SBP Awards In-Principle Approval to 5 Digital Retail Banks
In a bid to foster innovation, financial inclusion, and availability of affordable digital financial services, the State Bank of Pakistan… Read More
HugoBank Granted In-Principle Approval to Launch Digital Banking in Pakistan
HugoBank has been granted an In-Principle Approval (IPA) for its Digital Retail Banking (DRB) license from the State Bank of… Read More
SECP Provides Legal Backing For Eradication of Riba
The Securities and Exchange Commission of Pakistan (SECP) has given legal backing to the “Islamic financial institutions”, offering Islamic financial… Read More
MCB Bank to Establish Exchange Company
The Board of Directors of MCB Bank Limited (PSX: MCB) has approved the establishment of an exchange company with Rs.… Read More
