Business

Web Desk — The e-Pay Punjab, an online payment solution and a joint initiative of the Punjab Information Technology Board (PITB) and the Punjab Finance Department, has collected over Rs. 80 billion in tax revenue through 15 million transactions to date. This was informed during a progress review meeting held at Arfa Software Technology Park on Wednesday. While chairing the …

Pakistan Telecommunications Authority (PTA) expressed concern over the decision to ban cryptocurrency trading in the country. In a high-level meeting, the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and the Ministry of Information Technology and Telecommunication had proposed a ban on crypto-based transactions. According to the PTA, such a measure may adversely affect several other …

Web Desk — The Federal Board of Revenue (FBR) plans to conduct physical surveys of selected undocumented sectors as part of its new tax reform plan. As part of the reform plan, the FBR will examine methods to verify the accuracy of informal economy reporting. As part of this reform action, FBR will identify ways in which income reporting can …

Web Desk — Faysal Bank Limited & TPL Life Insurance (Window Takaful Operations) have recently signed an agreement for strengthening their existing partnership further besides introducing a Women-specific Takaful coverage proposition for Faysal Islami Amal Women’s Account holders. Women, under this plan, will get coverage for major critical illnesses, and the benefit of income continuation, along with unlimited online health …

Web Desk — Elon Musk, who wants to buy Twitter for $43 billion, expresses doubt that he will be able to acquire it. Musk said while speaking at the TED2022 conference in Vancouver, “I am not sure that I will actually be able to acquire it.” On Thursday, the world’s richest man offered a $43 billion bid for the entire …

Web Desk — The Federal Board of Revenue (FBR) on Wednesday urged all sales tax registered persons, especially importers and retailers to file their pending sales tax returns. An official announcement of the FBR said that the issue of credit notes has been resolved. Therefore, all sales tax registered persons are encouraged to file their pending returns, if any, without …

Web Desk — Sazgar Engineering Works Limited (SEWL) has started the local assembly of Haval SUVs in Pakistan on a commercial scale. As per the recent report, the company will begin taking bookings for locally assembled H6 1.5T and 2.0T All Wheel Drive (AWD) on April 15, 2022. Haval has beaten MG to the punch, who displayed HS 2.0T AWD …

Web Desk — For the renewal of its operational licence, the Pakistan Mobile Communications Limited (Jazz) signed an agreement with the Pakistan Telecommunication Authority (PTA) on Tuesday, committing the highest ever investment in the telecom sector. The 15-year licence has been renewed against $486.2 million, 50 per cent (Rs44.54 billion or equivalent to $243.1n) of which has been deposited while …

Web Desk — Pakistan’s leading pharmaceutical company Martin Dow Marker (MDM) and “Dawaai” (leading Online Pharmacy of Pakistan) have signed a Memorandum of Understanding (MoU) for Joint Patients Awareness, Access & Care (JPAAC) program. The purpose of MDM and Dawaai’s partnership is to increase the public’s awareness of diseases and dosage compliance, to disseminate accurate and reliable information, and to …

Web Desk — Pakistan’s financial sector has been abuzz with new players as the country adopts digital payments.  The State Bank of Pakistan (SBP) reported in its first quarterly Payment Systems Review (PSR) report that Pakistan Real-time Interbank Settlement Mechanism (PRISM) recorded 1.1 million transactions valued at Rs159.1 trillion during the first quarter (July-Sept) of this fiscal year (FY22). The …