Monthly Archives: June 2013

Luxury and property taxes in Sindh and Punjab 2

Budget 2013-14 Sindh government imposed increased taxes on urban property and services, enhanced the property taxes on rental income from 20 percent to 25 percent as a fiscal measure. The Punjab government has levied a one-time luxury tax on 2 kanal and bigger houses while widows owning less than 4 kanal houses […]

Pakistan Government considering dollar-denominated bond

“The News” report by Mehtab Haider The government is considering launching dollar-denominated Pakistan Infrastructure Development Bond in the next financial year to arrange financing for mega projects such as construction of Bhasha dam, metro bus service and other new initiatives, official sources said. To meet the infrastructure requirements, Pakistan requires […]

Higher remittances by overseas Pakistanis

Overseas Pakistanis sent higher remittances that surpassed $12.7 billion in the first 11 months (July-May) of the current fiscal year 12-13. The high inflow of foreign exchange under this head enabled the country to adhere to IMF’s repayment schedule and neutralise partially the impact of growing trade imbalance.

Diaspora (Overseas) Bond

 SBI pre-feasibility study likely to be completed by December Country Manager, Shore Bank International (SBI), Pakistan, Amjad Ali Arbab said that pre-feasibility study of multi-faceted Diaspora (Overseas) Bond, which his organisation has now embarked upon, will hopefully complete by December 2013 and later its findings would be shared with the […]

Saudis are helping Pakistani expatriates to become legal

Abubakar Memon, President of Pakistan business community in Jeddah has said Saudi officials are sympathetic and they are helping Pakistani expatriates to overcome difficulties due to new laws and regulations with regards to illegal foreign nationals staying in Saudi Arabia. In an interview with Pakistan Observer, Abubakar Memon who was here on an invitation from PML […]