The new government is going to initiate efforts to bring PayPal — an American company operating a worldwide online payment system to provide online payment solutions — to Pakistan. An official source told ProPakistani that Prime Minister (PM) Shehbaz Sharif will attend the annual meeting of the World Economic Forum in Davos, Switzerland next week where …
The Securities and Exchange Commission of Pakistan (SECP) has decided to introduce the concept of ‘index-based insurance’ or ‘parametric insurance’ that will make payments of insurance claims against the losses from weather and catastrophic events without the assessments of claims. Sources told Propakistani today that the concept has been introduced in the draft of the …
The Federal Shariat Court (FSC) on Thursday announced a verdict in a long-pending case on Riba (interest), declaring the prevailing interest-based banking system as against the Sharia and directed the government to facilitate all loans under an interest-free system. In its long-awaited verdict, the court ruled that the federal government and provincial governments must amend …
FBR’s Electronically Issued Notices are Legally Enforceable Now Read More »
Investment is an integral part of individual financial management. A certain portion of the amount of money we earn must be saved and invested for reaping benefits in future. If we continue to spend whatever we earn, there would come a time where we would feel financially handicapped. There are various areas and avenues of …
Scammers target people of all backgrounds, ages, and income levels by creating believable schemes that may convince one to give them money or personal details. Scammers will go to great lengths to convince a person that a fortune awaits if one follows their instructions, but there are several ways to avoid such mishaps. You may …
The government is working on setting up a regulatory body for the country’s housing finance market which is experiencing an accelerated growth and is currently regulated by the State bank of Pakistan (SBP). In this regard, Finance Minister Shaukat Tarin while unveiling the economic plan for sustainable growth earlier this week revealed that the regulatory authority …
Housing Finance Market Regulatory Body in Making Read More »
PayPal will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, which marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class. With over 403 million …
The State Bank has introduced an innovative initiative to improve access to finance for Small and Medium Enterprises (SMEs) in collaboration with the Government of Pakistan, with the express aim of enabling businesses who cannot offer security/collateral to access bank finance. This initiative has been brand named ‘SME Asaan Finance’ or SAAF to emphasize the …
SBP Introduces SME Asaan Finance Scheme (SAAF) That Does Not Need Collateral Read More »