Business & Industry

PayFast — the indigenous payments solution by APPS (Avanza Premier Payment Services) — is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its rules for the Payment System Operators/Providers (PSO/PSP). APPS is approved for commercial operations by the SBP, and it empowers the […]

In A Major Achievement In Its Fight Against The Novel Coronavirus, Pakistan On Monday Announced That It Has Developed A Homemade Vaccine — PakVac — with the help of China’s Cansino Bio after rigorous quality control checks. The step is aimed at significantly reducing Pakistan’s dependence on other countries for Covid-19 vaccine. The country started its vaccination

Is Amazon right for your business? The short answer is: yes. The largest household brands sell on Amazon. So do emerging brands that will pop on your radar soon. Small andmedium-sized businesses thrive here, and they account for more than half the units sold in our stores worldwide. Whatever your business is—andwhatever size it is—we’re

Federal Board of Revenue (FBR) has issued a clarification on the news item published in the daily “Dunya” dated May 21, 2021, that Revenue Division could only spend Rs. 10,300 on Single Window Program out of allocated Rs. 200 million funding in the last ten months. FBR has clarified that an amount of Rs. 20

The Pakistan Telecommunication Authority (PTA) has issued Mobile Device Manufacturing Authorizations to 19 foreign and local companies for the local production of mobile devices (2G/3G/4G). Initially valid for the next 10 years, the manufacturers may establish their own new brands under the authorization, this helping the promotion of the ‘Manufactured in Pakistan’ culture. The mobile devices produced

The financing by the Islamic Banking segment of Pakistan’s banking industry has surpassed the value of financing made through conventional banking during the period of the last ten months of the current financial year 2020-21.   The financing includes funds offered to the businesses, the corporate sector, and individuals. This shows steady growth in the

The Federal Board of Revenue (FBR) has re-fixed the ceiling of the parametric refund-to-export ratio from the previous 12 percent to 15 percent of the export value for the processing of the sales tax refunds of the commercial exporters. In this connection, the FBR has issued a Sales Tax General Order (STGO) 05 of 2021

ISLAMABAD: The government is considering imposing income tax on monthly pensions of over Rs200,000 and may slap the tax on judicial allowance and house rent in the next budget as part of a plan to withdraw tax exemptions from the upcoming fiscal year. Tax proposals are being fine-tuned ahead of a meeting with the International

The Competition Commission of Pakistan (CCP) will work with businesses to develop and declare e-commerce policy guidelines to build consumer confidence in the electronic marketplace and encourage fair trade practices to prevent any possible abuse and deceptive marketing practices in the e-commerce domain. The pandemic has accelerated the shift towards a more digital world. Pakistan

Amazon has confirmed that Pakistan has been added to its Sellers’ List, the Adviser to the Prime Minister of Pakistan for Commerce and Investment, Abdul Razak Dawood, announced on Friday. He said in a tweet, “It is a big accomplishment for our E-Commerce & will open up vast opportunities for a new breed of young