Trending Topics
Punjab Orders Travel Agents to Collect 8 Percent Tax on Card Transactions
The Punjab Revenue Authority (PRA) has ordered travel agents across the province to collect an 8 percent tax on transactions made through credit cards, according…
Digital Payments Triple in Pakistan as Mobile Banking Reaches 137 Million
Digital payments across Pakistan surged by 300 percent over the past year, with mobile banking users rising to 137 million and cash payments under the…
Punjab Cuts Digital Payment Tax at Restaurants and Salons
Punjab has introduced a new digital payment tax system that offers restaurant customers a 50 percent tax discount when they pay through credit cards or…
BISP Beneficiaries to Pay PKR 280 for Digital Wallet Withdrawals
The State Bank of Pakistan (SBP) has officially confirmed that Benazir Income Support Programme (BISP) beneficiaries must bear the interoperability costs of their digital wallets.…
Meezan Bank Challenges Presidential Order Over Rs. 216,000 Refund in IHC
A customer has claimed that Meezan Bank has challenged a presidential order directing the bank to refund Rs. 216,000 by filing a petition in the…
HBL, UBL, Meezan Bank Among Biggest Winners From SBP’s New Deposit Rule
Several leading Pakistani banks are expected to benefit from the State Bank of Pakistan’s (SBP) latest revision to deposit regulations, with analysts forecasting a notable…
Big Depositors Face New Bank Rules and Losses
The State Bank of Pakistan (SBP) has withdrawn the requirement for banks to offer guaranteed profit rates on savings accounts holding Rs10 million or more,…
Pakistan Opens Digital Gateway for Investors with Invest Pak Portal
Federal Minister for Finance and Revenue Muhammad Aurangzeb has launched the Invest Pak Portal, describing it as the start of a new era of investment in Pakistan and pledging…
PM Apna Ghar Expands Beyond Banks with NBFC Loan Approval
The federal government has allowed non-bank financial companies (NBFCs) to take part in the Prime Minister Apna Ghar Program (PM-AGP), widening access to the low-cost…
SBP Ends Reward Points for Overseas Remittance Senders
The State Bank of Pakistan (SBP) has decided to discontinue the Sohni Dharti Remittance Programme (SDRP), the incentive scheme that rewarded overseas Pakistanis for sending…
Banks to Cover Remittance Transfer Costs as SBP Ends Incentive
The State Bank of Pakistan (SBP) has discontinued the Telegraphic Transfer Charges Incentive Scheme (TTCIS), which reimbursed banks for charges on remittances of workers, effective…
Blind Fraud Victim Gets Rs19.2 Million Back, IHC Orders Car Handover
The Islamabad High Court (IHC) has ordered that two vehicles belonging to a convicted bank manager be handed over to a visually impaired woman after…
