Investment & Economy

Investment and economy related information

Pakistan Customs issues procedures for online import form

  Pakistan Customs on Thursday issued the procedures for importers to file online import form (I-Form) through the online tax system, Web-Based One Customs (WeBOC). The I-Form is a joint initiative of Pakistan Customs and the State Bank of Pakistan (SBP) to curb under-invoicing and tax avoidance. “This initiative will help in prevention of import …

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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 of Pakistan in U.A.E Asif …

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National savings: Scheme for overseas Pakistanis on the cards

ISLAMABAD: The Central Directorate of National Savings (CDNS) is planning to introduce a savings scheme exclusively for overseas Pakistanis to mobilise part of their earnings on attractive terms. This was stated by National Savings Director General Waqar Ahmed in a meeting held at the Ombudsman Secretariat to review the implementation of recommendations, made by the committee …

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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 had imposed the WHT on …

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UBL launches NRP banking for overseas Pakistanis

PR The United Bank Limited (UBL) is known to be in the frontline of offering customized financial products and services, which cater to all segments of customers. In addition to the 1,300 branches within Pakistan, UBL has an extensive international network covering Tanzania, China, Switzerland, UK, USA and the gulf countries, where UBL has been …

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Pakistan’s first ‘International Remittance Doorstep Delivery’ Service

 Pakistan’s first and largest branchless banking service and a joint venture between Tameer Micro Finance Bank and Telenor Pakistan, Easypaisa has collaborated with the International Remittance partner Xpress Money to launch Pakistan’s first international remittance doorstep delivery service for its customers.   The Easypaisa International Home Transfer facility provides the safety and convenience to receive remittances …

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National Bank of Pakistan to launch remittance card

National Bank of Pakistan (NBP) is going to launch a card-based home remittance service to facilitate the masses and overseas Pakistanis. Talking to Business Recorder, SEVP/Group Chief Global Home Remittances Management Group NBP and Chairman of NBP Exchange Company Limited, Khalid Bin Shaheen said the soft launching of this card has already been made by the …

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Let overseas Pakistanis run the sick units

FPCCI suggests government Associated Press of Pakistan The Federation of Pakistan Chamber of Commerce and Industry (FPCC) has urged the federal government to hand over all sick units to foreign investors, preferably Pakistan’s expatriates, in order to accelerate the pace of economic activity and reduce huge financial losses to the national exchequer. FPCCI acting president …

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