In the mini budget presented by finance minister Assad Umar Wednesday there is some relief for overseas Pakistanis as well. Remittances from overseas Advance Tax on cash withdrawal by non-filers in bank accounts where the amount has been forwarded from foreign remittance has been abolished. Mobile Phone Tax on mobile […]
Pakistani Minister of Finance Assad Umar has presented the Finance Supplementary Second Amendment bill 2019 in the National Assembly today. Highlights of the finance bill are as follows 49 per cent tax on small and medium enterprises reduced to 20pc. Interest on agricultural loans reduced from 49pc to 29pc. Introduction […]
This old man saw Pakistan being put on the run towards destruction by Zulfiqar Ali Bhutto in 1972. It was the first this old man while young at the time, saw that Law was what was a “Red coloured party ID Card”. Bhutto heirs and Sharifs with more vigour, added their shares in this run up. Imran Khan, though generally is said to be a bit different from them, yet it is a naked fact that he is following the same path, results of which of course would take time to surface.
Prime Minister Imran Khan has approved major structural changes in the system to enhance foreign remittances through banking channel and facilitate overseas Pakistanis. The decision to incentivize home remittances through legal channels was taken during a follow-up meeting held for facilitating overseas Pakistanis. To further facilitate overseas Pakistanis, the Prime […]
Finance Minister Asad Umar presented amendments to federal budget 2018-19 in National Assembly session. He announced that contrary to media reports, the government is not burdening the tax payers or low income class and the increase in income tax will only affect the upper class. SALIENT FEATURES Non-filers, overseas Pakistanis […]
Press release issued by State Bank of Pakistan says Overseas Pakistani workers remitted US$ 3966.53 million in the first two months (July to August) of FY19, showing a growth of 13.45% compared with US$ 3496.13 million received during the same period in the preceding year. During August 2018, the inflow […]
Overseas workers’ remittances inflow from Saudi Arabia, Bahrain and Oman registered decline during the period of July-March on year over year basis (fiscal year 18 over fiscal year 17) due to the change in fiscal and labour policies in the respective countries. According to an official source, the overseas workers […]
The Government of Pakistan attaches high priority to the overseas Pakistanis and is keen to promote, nurture and sustain a mutually beneficial and symbiotic relationship between Pakistan and overseas Pakistanis. Overseas Pakistanis can contribute much more than making foreign exchange remittances. Their role in image building, transfer of technology, and […]