Pakistan prepares to tax banks on extraordinary profits
ISLAMABAD: The federal government is gearing up to levy taxes on the ‘excessive profits’ of commercial banks in a bid to boost ‘tax recovery’ as...
Banks Allowed To Do Foreign Currency Business With Public
KARACHI: The State Bank of Pakistan (SBP) has laid the foundation to eliminate exchange companies from the currency business by allowing banks and their entire...
Banks To Remain Closed For Public Dealing Today
KARACHI: The banks to remain closed for public dealing on 1st Ramadan-ul-Mubarak (Tuesday), today, which will be observed as Bank Holiday for deduction of Zakat,...
Tax Collection: Banks To Observe Extended Working Hours
Web Desk(June 27, 2018): All banks receiving government payments including taxes have been asked to keep the counters conducting government banking open up to 8pm...
CJP Summons Loans Write-Off Report On Political Grounds
Islamabad (April 26, 2018): Chief Justice of Pakistan Mian Saqib Nisar announced on Wednesday that the loans which were written-off on the political basis, would...
SBP intructs all commercial banks to remain open on July 2 and 9
State Bank of Pakistan (SBP)has taken notice of people’s complains regarding commercial bank closures during first 11 days of July and instructed all the commercial...