Banks Face Immediate Challenges with ADR Tax Removal and Corporate Tax Hike
Pakistan’s banking sector has entered a critical phase following recent changes to tax policy that are reshaping the financial landscape.…
Government’s Commitment to Economic Uplift and Poverty Alleviation Strengthened by Key Initiatives
The government of Pakistan continues to demonstrate a strong commitment to economic uplift and poverty alleviation through various initiatives aimed…
CPI Inflation Hits 78-Month Low, Reflecting Continued Downward Trend
In November 2024, Pakistan’s Consumer Price Index (CPI) inflation recorded a significant decline, reaching 4.9% on a year-over-year (YoY) basis.…
Fiscal Consolidation Strengthened by Strong Tax Revenue and Prudent Expenditure Management
The period from July to November 2024 saw a significant boost in Pakistan’s fiscal performance, with the Federal Board of…
SBP Introduces Revised Regulatory Framework for Exchange Companies to Strengthen Governance and Compliance
The State Bank of Pakistan (SBP) has introduced a revised and consolidated Regulatory Framework for Exchange Companies (RFEC), aimed at…
State Bank Declares January 1, 2025, as National Bank Holiday for Public Dealing
The State Bank of Pakistan (SBP) has officially declared January 1, 2025, as a bank holiday for public dealing. In…
Bank Makramah Shareholders Approve Restructuring Scheme with Overwhelming Support
Bank Makramah Limited (BML) has successfully secured overwhelming support from its shareholders for its proposed restructuring plan. The Scheme of…
Bank Alfalah Partners with WWF-Pakistan to Protect Endangered Indus River Blind Dolphins
In a significant move towards environmental conservation, Bank Alfalah has joined forces with WWF-Pakistan to protect the endangered Indus River…
US Federal Reserve Lifts Sanctions on National Bank of Pakistan
The National Bank of Pakistan (NBP) has received a significant boost as the US Federal Reserve officially lifted sanctions imposed…
Cabinet Approves Ordinance to Increase Bank Tax Rate to 44% and Abolish 15% Additional Levy
The federal cabinet of Pakistan has approved the promulgation of the Income Tax Amendment Ordinance 2024, which includes a significant…