April 19, 2024

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Pakistan Revenue

Day: August 21, 2019

SBP issues Islamic financing scheme for renewable energy projects
Aug 21
Energy, Money & Banking

SBP issues Islamic financing scheme for renewable energy projects

KARACHI: State Bank of Pakistan (SBP) on Wednesday issued a new scheme of Islamic financing for renewable energy power projects. The central bank said that it had issued IH&SMEFD Circular No. 01 dated February 22, 2019 introducing Mudarabah based ‘Islamic Financing Facility for Renewable Energy (IFRE)’ for Islamic Banking Institutions (IBIs) and DFIs having authorized […]

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Meezan Bank, CarFirst sign MoU for Islamic financing
Aug 21
Money & Banking

Meezan Bank, CarFirst sign MoU for Islamic financing

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank has signed a Memorandum of Understanding (MoU) with CarFirst to provide Shariah-compliant financing solutions to customers for the purchase of used cars. CarFirst’s online system is backed by network of inspection centers all over Pakistan for purchase and exchange of used vehicles. Arshad Majeed, Group Head Consumer Finance […]

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Rupee makes gain in interbank
Aug 21
Money & Banking

Rupee makes gain in interbank

KARACHI: The Pak Rupee gained two paisas against dollar on Wednesday owing to lower demand for import payments and contraction in current account deficit. The rupee ended 158.58 to the dollar from previous day’s closing of Rs158.60 in interbank foreign exchange market. Currency experts said that contraction in current account deficit and lower demand for […]

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Pakistan, USAID partner to streamline customs, trade procedures
Aug 21
Pakistan Customs

Pakistan, USAID partner to streamline customs, trade procedures

ISLAMABAD: The Federal Board of Revenue (FBR) and US Agency for International Development (USAID) through its Pakistan Regional Economic Integration Activity (PREIA), jointly organized a one-day Stakeholders’ workshop on Pakistan Single Window (PSW) for managing Pakistan’s external trade at a local hotel in Islamabad. The objective of the workshop was to encourage stakeholders’ participation and […]

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Crescent Star plans to bring Hollywood’s iconic Fatburger into Pakistan
Aug 21
Corporate

Crescent Star plans to bring Hollywood’s iconic Fatburger into Pakistan

KARACHI: Crescent Star Foods (Pvt) Limited has announced plans to bring Hollywood’s iconic Fatburger into Pakistan. Crescent Start Insurance Limited in a notification sent to Pakistan Stock Exchange (PSX) on Wednesday said that its subsidiary Crescent Star Foods (Pvt.) Limited announced plans to bring Fat Burger and Buffalo’s Express concept in Pakistan. It said that […]

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