The President of Pakistan, Dr. Arif Alvi, has issued an order in favor of the declarants of the Tax Amnesty Scheme 2019 (assets declaration scheme) who had deposited a tax of billions of rupees under the Tax Amnesty Scheme 2019 (assets declaration scheme) but had been unable to upload their declarations on the deadline of …

President Alvi Orders FBR to Address Issues of Tax Declarants Under Amnesty Scheme Read More »

PayPal is a US-based electronic payment system that acts as a third party for financial payments between two parties. It has a strong position in the online fund transferring market. However, unfortunately, it is not working/coming in Pakistan despite a lot of demand and effort. There are several buzzwords in the market about the absence …

Why is PayPal Not Planning to Launch in Pakistan? Read More »

After days of negation, Pakistan and Russia signed Heads of Terms (HoT) of shareholders’ agreement for the construction of the $2.5 billion Pakistan-Stream Gas Pipeline (PSGP) project. It will be nearly 42-to-56 diameter and 1,100 kilometers long pipeline from Port Qasim to Kasur and is scheduled to be completed by 2023. Reportedly, there were many …

Lucky Motors to Make Samsung Smartphones in Pakistan Read More »

After days of negation, Pakistan and Russia signed Heads of Terms (HoT) of shareholders’ agreement for the construction of the $2.5 billion Pakistan-Stream Gas Pipeline (PSGP) project. It will be nearly 42-to-56 diameter and 1,100 kilometers long pipeline from Port Qasim to Kasur and is scheduled to be completed by 2023. Reportedly, there were many …

Pakistan and Russia Finally Sign An Agreement for $2.5 Billion Gas Pipeline Project Read More »

Special teams of tax officials of the Federal Board of Revenue (FBR) have started full scope online inspections of the offices of jewelers and developers/builders in Islamabad and Rawalpindi under the Anti-Money Laundering Act, 2010. The Directorate General of Designated Non-Financial Business and Professions (DNFBPs)  has issued notices to the developers/builders and jewelers for online …

FBR Starts Inspection of Real Estate Agents and Jewellers Read More »

Federal Board of Revenue (FBR) Member Customs (Policy), Syed Hamid Ali, categorically denied any possibility of any new amnesty scheme for the legalization of non-duty paid smuggled cars plying in the country. While briefing the National Assembly Standing Committee on Finance, FBR Member Customs (Policy), Syed Hamid Ali, informed that the customs will launch a …

FBR Decides Against More Amnesty Schemes for Smuggled Cars Read More »

Half a dozen cement companies have announced expansion plans in the past few months. This boost to the cement sector is said to have come from the Prime Minister’s focus on the construction sector in a bid to boost the economy, reported Bloomberg. A year after Prime Minister’s incentives for the construction sector, Lucky Cement Ltd., …

Several Cement Companies Are Expanding Thanks to Govt Policies Read More »

One of Pakistan’s checkout solution websites called ‘bSecure’ conducted an internal CRM search to learn more about the e-commerce dynamics in the country. A team member of bSecure, Adam Dawood, took to Twitter and shared the salient points of what was found. Note that the following conclusions have been drawn from one company’s search parameters …

Here’s Everything You Need to Know About Pakistan’s E-Commerce Market Read More »