Banking Mohtasib Grants Rs. 1 Billion Relief to Customers in 2024
The Banking Mohtasib of Pakistan has extended significant monetary relief to banking customers, providing over Rs. 1.06 billion during the…
Number of Income Tax Return Filers Surpasses 4 Million for Tax Year 2024
The Federal Board of Revenue (FBR) in Pakistan has announced that the number of income tax return filers has crossed…
SBP Mandates Banks to Install 5MP CCTV Cameras, Issues Updated Guidelines
The State Bank of Pakistan (SBP) has announced new directives for banks and microfinance institutions (MFBs) to upgrade their security…
Pakistani Banks Rush to Meet 50% ADR to Avoid Additional Taxation
In October 2024, several Pakistani banks have been making efforts to increase their Advances to Deposit Ratio (ADR) to at…
SBP Revises Rules to Simplify Conversion of Conventional Banks to Islamic Banking
The State Bank of Pakistan (SBP) has updated its regulations to facilitate the conversion of conventional banking branches into Islamic…
SBP Governor Signals Further Interest Rate Cuts Amid Declining Inflation
State Bank of Pakistan (SBP) Governor Jameel Ahmed has hinted at the possibility of further reductions in the monetary policy…
Finance Minister Warns Non-Filers of New Restrictions on Property, Vehicle Purchases
Federal Minister for Finance and Revenue, Muhammad Aurangzeb, announced on Tuesday that non-tax filers in Pakistan will face increased restrictions…
SBP Doubles Guaranteed Sum for Bank Depositors to Rs. 1 Million
The State Bank of Pakistan (SBP) has announced a significant update to its deposit protection policy through the Deposit Protection…
PM Establishes Five Working Groups for FBR Transformation Roadmap
The Prime Minister of Pakistan has established five working groups to advance the Federal Board of Revenue’s (FBR) Transformation Plan.…
FBR to Target Unregistered Businesses with Account Freezes and Power Disconnections
The Federal Board of Revenue (FBR) has intensified its efforts to clamp down on unregistered businesses by introducing stringent penalties,…