President directs banks to refund lost amount to victims of online scams

A representational image of a person using coding for data purposes. — AFP/File Rejecting the representations of two private banks, President Dr Arif Alvi Sunday directed them to pay the lost amount to the victims of online scams. The president asked Banking Mohtasib to take up the matter of banking frauds with the State Bank […]

PM directs to speed up privatisation of crisis-hit PIA

A Pakistan International Airlines (PIA) aircraft at an airport. — Radio Pakistan/File  In view of Pakistan International Airlines’ (PIA) deepening financial crisis, caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday directed the authorities concerned to expedite the process of privatisation of the national flag career. During the past few weeks, the flight operations of the PIA […]

SBP directs banks to remain open on April 29, 30 to facilitate taxpayers

A representational image. — TheNews/File The State Bank of Pakistan (SBP), on the request of the Federal Board of Revenue (FBR), has directed banks to keep all authorised branches open on April 29 and 30 and extend working hours to facilitate tax collection. In a statement issued Wednesday, the SBP said that all those bank […]

SBP directs banks to observe extended banking hours

An undated image of the State Bank of Pakistan (SBP) building. — AFP In order to facilitate the taxpayers in payment of government duties/taxes, the State Bank of Pakistan (SBP) on Wednesday — at the request of the Federal Board of Revenue (FBR) — directed all branches of banks to observe extended banking hours on […]

SBP directs banks to facilitate the release of imports | The Express Tribune

KARACHI: The State Bank of Pakistan (SBP) on Monday announced a one-time facility for import-driven businesses in crisis, as it directed commercial banks to process import documents to release the majority of goods stuck up at Karachi ports. The directives are expected to gradually ease the crisis of imported raw materials across the industries and […]

Tarin directs FBR to settle tax issues | The Express Tribune

ISLAMABAD: Finance Minister Shaukat Tarin has directed the Federal Board of Revenue (FBR) to take all possible measures for the settlement of tax issues of the pharmaceutical industry. In a meeting with a delegation of Pakistan Pharmaceutical Manufacturers Association (PPMA) on Thursday, the minister gave assurances that all reservations of PPMA would be addressed on […]

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