Information about National Saving Schemes

Defence Savings Certificates Certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Offices (PPO), Authorized branches of Scheduled Banks and State Bank of Pakistan (SBP) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost. A …

Pakistan, UK firms join hands to offer digital remittance services

At a time when remittances to Pakistan slow down, a leading mobile financial services company has partnered with a global digital money transfer firm to attract 5% of total remittance flow to the country. Announcing the formal launch of digital remittance services, in partnership with UK-based WorldRemit, Mobilink International Remittance …

APBF suggests incentives for overseas Pakistanis

Lahore: As the remittances have registered a decline of more than 36 percent, the All Pakistan Business Forum (APBF) has suggested the government to announce incentives for oversees Pakistanis so that the drop in foreign remittances could be controlled, besides boosting investment in the country by Pakistani expatriates. APBF president …

OPC Punjab offers low-risk investment opportunities

Commissioner Overseas Pakistanis Commission (OPC) Punjab Afzaal Bhatti has said that Punjab Province offers most lucrative and low-risk opportunities for investors specially in the field of energy, agriculture, livestock & dairy development, mines & minerals, tourism and infrastructure. According to the spokesperson of the OPC during a meeting with Ambassador …

Overseas remittances ‘WHT on bank transactions may encourage hundi system’

Pakistan Businessmen and Intellectuals Forum’s (PBIF) president Mian Zahid Hussain has apprehended that many overseas Pakistanis might prefer using hundi system over legal banking channels in the wake of withholding tax (WHT) imposed on bank transactions. In a statement issued on Monday, the PBIF chief said that though the government …

Inauguration of MCB branch in Dubai

Finance Minister Ishaq Dar has inaugurated a branch of MCB Bank in Dubai heralding its first wholesale banking operations in the United Arab Emirates (UAE). The inaugural ceremony was attended by Sheikh Nahyan Mubarak al Nahyan, Deputy Governor State Bank of Pakistan Riaz Riazuddin, UAE Central Bank officials and a …