The Federal Board of Revenue (FBR) has imposed a withholding tax of 15% on filers and 30% on non-filers on the profit from saving certificates.The withholding tax will apply to different National Savings Schemes (NSS) programs except for Bahbood Saving…

Pakistan International Airlines (PIA) will position a 10-year sukuk in July this year to meet its working capital requirements, reported a local media outlet.The proceeds from the sukuk will be used for general working capital requirements and for sett…

The federal Cabinet has appointed Amir Ali Ahmad as the permanent Chairman of the Capital Development Authority (CDA) board for five years.Sources told Propakistani that the Ministry of Interior has presented the appointment summary of Amir Ali Ahmad a…

Car financing by banks in FY 2020-21 reached an all-time high of Rs. 297.5 billion as Pakistani consumers enjoyed the auto financing facility at a comparatively low interest rate despite the COVID-19 pandemic-related financial risks.The driving force b…

The Overseas Investors Chamber of Commerce and Industry (OICCI) – the chamber of leading over 200 foreign investors in Pakistan belonging to 35 countries – has released the consolidated financial contribution of its members for the year 2020, based on …

Bank Alfalah has achieved the Rs. 1 trillion deposits mark in July 2021 to become the eighth Pakistani bank to have this credit on the balance sheet.Its announcement of its official social media platform read: “Bank Alfalah has reached Rs.