Business & Industry

The use of mobile banking witnessed tremendous growth in Pakistan as the quarterly transaction value crossed the mark of Rs. 1 trillion for the first time in Pakistan. This is being attributed to zero bank charges and levies on most common services. According to the State Bank of Pakistan (SBP), the volume of mobile banking …

Digital transactions boom in Pakistan, Crossing Rs. 1 Trillion for the First Time Read More »

The Government of Pakistan is preparing to hold a spectrum auction by mid-May that will be aimed at improving the quality of services and generating around Rs. 1 billion in revenue, Business Recorder reported. According to the report, Pakistan Telecommunication Authority (PTA) has hired an international firm called Frontier Economics Ltd. as a consultant for …

PTA to Hold Next Generation Mobile Services Spectrum Auction in May Read More »

The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 7 percent. This was revealed by the central bank in a statement issued today about the new monetary policy as approved by the Monetary Policy Committee (MPC), in its meeting held on March 19, 2021. The central bank has kept …

SBP Retains Interest Rate at 7% Read More »

Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet held today.  Naya Pakistan Housing and Development Authority (NAPHDA) Chairman presented revised eligibility criteria for selection of applicants, modalities for payment of cost subsidy, and mechanism for release of funds regarding the special …

ECC Revises Eligibility Criteria for Special Incentive Package of Housing and Construction Read More »

On Wednesday, Pakistan’s IT Minister Syed Aminul Haque Announced The Launch Of Tech Destination Pakistan, An Initiative Which Aims To Promote The Country’s Information Technology Industry. In a tweet, the minister mentioned that the initiative aims to provide training opportunities and facilities to tech companies, creating incentives for foreign investors, and dozens of projects set …

IT Ministry Launches “Tech Destination Pakistan” Initiative Read More »

The State Bank of Pakistan (SBP) has advised all the banks to use digital portals for end-to-end digitalization of case submissions and processing. This development is aimed at facilitating the business community in Pakistan, promoting the ease of doing business, enhancing operational efficiency, and making the processing of Foreign Exchange (FX) related cases cost-effective and …

SBP Ramps Up Its End-to-End Digitalization Drive to Facilitate Business Community Read More »

The transportation cost of containerized cargo across the globe has increased by up to 700 percent, Express Tribune reported. The same has taken place in Pakistan as well. This is being attributed to abnormal growth in imports as the global economies reopen following COVID-19 pandemic-related lockdowns. The increase in international freight charges for the sea, rail, …

Transportation Cost of Container Cargo Increases by 700% in Pakistan Read More »

The government has announced massive tax incentives packages for the telecom sector.   However, while addressing a press conference here on Thursday, the Federal Minister for Information Technology and Telecommunication, Syed Aminul Haque, said that all the incentives will be implemented from 1 July 2021. He said that the federal Cabinet has unanimously approved the …

Govt’s Tax Incentives for Telecom Industry and Users to Come into Effect from July Read More »