Download PDF As a routine annual ritual, we are pleased to present our bulletin on key changes proposed through Finance Bill, 2023 commonly known as Federal Budget 2023-24. This bulletin contains key changes in tax laws and our feedback wherever it is considered pertinent and relevant. Federal Budget 2023-24 is going to be the second …
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 …
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 …
War in World’s Breadbasket and the Threat to World Food Security Read More »
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 »
Engro Corporation said on Wednesday it will enhance its total equity investment in the telecom infrastructure vertical to Rs21.5 billion. According to a regulatory filing on the Pakistan Stock Exchange, the holding company will make this investment in its wholly-owned subsidiary Engro Connect, which will serve as a platform for the conglomerate’s initiatives in the …
Engro to Inject Rs14bn in Telecom Infrastructure Read More »
The Securities and Exchange Commission of Pakistan (SECP) has introduced major capital market reforms featuring legal, structural, regulatory, operational, and product development initiatives for a robust and transparent capital market in the country. According to the details, the SECP’s capital market reforms are focused to ensure the provision of a complete eco-system desirable for capital …