President Dr. Arif Alvi has upheld two different decisions of the Banking Mohtasib (BM) ordering Al Baraka Bank Ltd (ABBL) and Habib Bank Ltd (HBL) to pay Rs. 9.145 million to Zahida Naseem and Rs. 5 million to Mushtaq Ahmed Bajwa, respectively, who ha…
Govt is Yet to Remove Fixed Sales Tax on Local Smartphone Production
The government has not implemented a majorly approved recommendation of Mobile Device Manufacturing Policy of removal of fixed Sales Tax on CKD/SKD manufacturing of mobile devices above USD 200 category.This was revealed by the Ministry of Industries a…
Govt to Stop Mapping Poverty Until 2023
The Ministry of Planning and Development has announced that issuing poverty figures and mapping poverty in the country has been suspended until 2023.This was revealed by the ministry in a written reply presented in a session of the Senate today (Friday…
SBP Revises Cash Reserve Requirement for Banks
The State Bank of Pakistan (SBP) has decided to increase the average Cash Reserve Requirement (CRR), to be maintained during a period of two weeks by scheduled banks, from 5 percent to 6 percent.The central bank has further notified that the minimum CR…
Rizwan’s Recovery is a Miracle: Doctor
Pakistan’s wicket-keeper batter Mohammad Rizwan showed true courage when he stepped onto the field in the semi-final clash against Australia despite spending the previous two nights in the Intensive Care Unit (ICU). The gritty wicket-keeper was lauded …