Business & Industry

Bank Branches Should Accept Taxpayers’ Cheques of Different Banks: SBP

State Bank of Pakistan (SBP) has directed banks to entertain taxpayers if they deposit the cheque of different banks to facilitate them with the convenient payment option available in the banking system. The banking regulator reiterated that banks shall ensure that all their branches are accepting the taxes and duties through the ADC mechanism and that …

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Kamyab Jawan Youth Entrepreneurship Scheme (YES)

Introduction Prime Minister’s ‘Kamyab Jawan – Youth Entrepreneurship Scheme’ (YES), for young entrepreneurs and existing SME businesses, is designed to provide subsidized financing for unleashing the entrepreneurial potential of youth and creating employment opportunities. Loan Amount Markup Security/Guarnatee Own Contribution/Equity Loan Period/Duration Loan Purpose Loan Amount Category 1: Upto Rs. 10 Lac Category 2: 10 …

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