Fiscal Rebalance: FBR Moves to Align Bank Taxation with Digital Economy Needs
The Federal Board of Revenue (FBR) in Pakistan is pushing to remove the special tax privileges extended to banks under the Seventh Schedule of the Income Tax Ordinance 2001. This proposed shift aims to bring banks under the normal corporate tax regime, potentially impacting their digital finance strategies and operational models as the nation seeks to broaden its tax base.
Bank Alfalah and Total Sports Forge Strategic Alliance to Transform Pakistan’s Sports Infrastructure
Bank Alfalah partners with Total Sports, the parent company of Legends Arena, to expand access to world-class, tech-driven sports infrastructure across Pakistan. This collaboration will introduce cutting-edge multi-sport facilities to major cities, empowering youth and professional athletes alike.