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.
Optimizing Global Commerce: NIBAF Elevates Bank Officer Skills in Trade Risk Profiling
NIBAF Pakistan recently hosted a specialized training program on Trade Risk Profiling at its Karachi Campus. Led by seasoned expert Mr. Salim Thobani, the session equipped commercial bank officers with advanced techniques to navigate the complexities and inherent risks of international trade, crucial for enhancing digital trade finance frameworks.
Bank AL Habib’s Roshan Digital Account Emerges as a Comprehensive Hub for Overseas Pakistanis
A detailed look into Bank AL Habib’s Roshan Digital Account, which has become a leading choice for non-resident Pakistanis. The platform offers an extensive range of financial services, from property and auto financing to sophisticated investment vehicles like stock market access and mutual funds, all managed digitally.