The State Bank of Pakistan (SBP) finally held a virtual press briefing of SBP Governor and Officials on the draft SBP Amendment Act. Over the last few weeks, the potential amendments have caused a lot of controversy among the economic and financial circles in the country. The primarily contentious issues revolve around the level of …
SBP Clarifies the Draft Amendment Act on Central Bank’s Autonomy Read More »
With growing concerns on the quality of service parameters, including call drop, call quality, and data throughput, Pakistan Telecommunication Authority (PTA) has decided to amend the cellular mobile network quality of service (QoS) regulations. The proposed regulations would be called ‘cellular mobile network quality of service (QoS) regulations 2021.’ QoS refers to the ability of …
PTA to Amend Cellular Network Quality Regulations for Mobile Companies Read More »
The Federal Board of Revenue (FBR) has extended the deadline for the furnishing of the Taxpayer’s Profile required to be submitted under Section 114A to 30 June 2021, and issued a circular in this regard on Friday. Earlier, the FBR had also issued a statement declaring that the names of thousands of taxpayers will be …
FBR Extends Deadline for Updation of Taxpayer’s Profile Till June 30 Read More »
In line with the Government of Pakistan’s initiative for the development of the housing and construction sector, the State Bank of Pakistan (SBP) has been taking various regulatory steps to enhance banks/DFIs participation through their financing in the development of these sectors. To boost activities in these sectors, the SBP has now made changes to …
The use of mobile banking witnessed tremendous growth in Pakistan as the quarterly transaction value crossed the mark of Rs. 1 trillion for the first time in Pakistan. This is being attributed to zero bank charges and levies on most common services. According to the State Bank of Pakistan (SBP), the volume of mobile banking …
Digital transactions boom in Pakistan, Crossing Rs. 1 Trillion for the First Time Read More »
The Government of Pakistan is preparing to hold a spectrum auction by mid-May that will be aimed at improving the quality of services and generating around Rs. 1 billion in revenue, Business Recorder reported. According to the report, Pakistan Telecommunication Authority (PTA) has hired an international firm called Frontier Economics Ltd. as a consultant for …
PTA to Hold Next Generation Mobile Services Spectrum Auction in May Read More »
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 7 percent. This was revealed by the central bank in a statement issued today about the new monetary policy as approved by the Monetary Policy Committee (MPC), in its meeting held on March 19, 2021. The central bank has kept …
Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet held today. Naya Pakistan Housing and Development Authority (NAPHDA) Chairman presented revised eligibility criteria for selection of applicants, modalities for payment of cost subsidy, and mechanism for release of funds regarding the special …