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12/24/2019 6:47:54 AM

If Pakistan is Blacklisted by the FATF, It Could Freeze the Country’s Capital Flows: IMF

The absence of a majority in the Senate may hinder the adoption of legislation needed to achieve IMF program objectives, which could jeopardize the availability of external financing, besides a potential blacklisting by the Financial Action Task Force (FATF), could result in a freeze of capital flows and lower investment to Pakistan. Click To Read More...

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12/23/2019 8:05:11 AM

SBP Grants Approval to NIFT’s e-Commerce Payment Gateway “NIFT ePay” for Pilot Launch.

The State Bank of Pakistan (SBP) has recently granted approval for commencement of pilot operations of NIFT’s (National Institutional Facilitation Technologies) e-Commerce Payment Gateway called “NIFT ePay”. This makes NIFT, the first domestic and account-based “e-Commerce Payment Gateway” to get an approval for the pilot launch under the PSO/PSP rules. Click To Read More...

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12/18/2019 3:39:12 AM

Pakistani Oil and Gas Firms to Bid for Exploration Rights in Abu Dhabi

The Economic Coordination Committee (ECC) is sending a consortium of Pakistan’s state-owned oil and gas companies to participate in a bidding process for an offshore exploration block at Abu Dhabi. Click To Read More...

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12/18/2019 3:36:25 AM

SBP Allows Corporate Entities to Borrow Over $1 Million Loans in Foreign Currency

In order to facilitate the corporate entities to raise foreign currency (FCY) loans from abroad and further improve the business environment in the country, State Bank of Pakistan has delegated the registration of FCY loans to banks. Click To Read More...

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12/18/2019 3:23:55 AM

Pakistan Invites China to Invest in IT Under CPEC

Pakistan has formally invited China to invest in the country’s digital businesses including the manufacturing of mobile phone handsets and other digital equipment. Click To Read More...

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12/14/2019 1:35:23 AM

Top Level Committee Formed to Make Pakistan Digital

The government of Pakistan has formed a committee that’s tasked to work on emerging technologies and promote the growth of the IT sector. Apparently this committee will be responsible for the to-do-list of “Digital Pakistan”, a campaign that Prime Minister launched a few days ago. Click To Read More...

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12/14/2019 1:22:26 AM

FBR is Investigating a Rs. 20 Billion Tax Evasion Case in KP.

A Karachi-based investigation unit of the Federal Board of Revenue (FBR) has discovered alleged embezzlement of Rs. 20 billion in Khyber Pakhtunkhwa (KP). Click To Read More...

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12/13/2019 8:45:46 AM

Free Real Estate Project & Inventories Promotions in UAE with Prozameen.com

Great News For UAE Real Estate Industry -- After Great response from Pakistan Now Prozameen.com in UAE. Offering Free of Cost Package for 1 Month to Promote Real Estate Projects / Inventories in UAE, Pakistan and all over the world and help to generate Leads / Clients. Click To Read More...

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12/12/2019 7:28:30 PM

SECP Launches a Regulatory Sandbox Guide for Startups

The Securities and Exchange Commission of Pakistan (SECP) has taken another major step to facilitate the corporate sector in the country by issuing guidelines to promote innovation in financial services in insurance, non-banking finance, and the capital markets. Click To Read More...