Finance Minister Confirms Huge Tax Relief for Telecom Users

A relief package for the Telecom sector was confirmed today during the press conference and Minister Tarin gave the reassurance that the taxes on the sector would be reduced in the upcoming budget. The government is set to announce relief packages for the Telecom sector in the budget 2021-22, including the status of the industry, …

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Manufacturing, Agriculture and Construction Industries Aided Economic Recovery

The Ministry of Finance released its flagship report — the Pakistan Economic Survey — on Thursday as the economy moves towards recovery despite the ongoing pandemic. The survey provides a positive outlook of the economy with the most economic impetus being attributed to external resources aided by local factors like large scale manufacturing, agriculture, and …

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SECP Revamps REIT Regulations to Promote Real Estate Activity in Organized Sector

In order to promote investment in the real estate sector through Real Estate Investment Trusts (REITs), the SECP has introduced a new Public-Private Partnership (P3) model under REITs, besides completely revamping the regulatory framework for REITs. The amendments have shifted the regulatory structure from approval-based to disclosure-based issuance, reducing entry barriers for new REITs, making …

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SBP Maintains Relaxation for Bank Accountholders Amid COVID-19 Pandemic

The State Bank of Pakistan (SBP) has maintained relaxed terms and conditions for customers to operate bank account by the end of 2021, considering the intensity and ongoing impact of the COVID-19 pandemic in the country. The relaxations will not only facilitate customers of the bank but also allow financial institutions, including microfinance banks, and …

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