Jazz, Telenor seek reduction in taxation

Jun 1

IT & Telecom

Jazz, Telenor seek reduction in taxation

ISLAMABAD: Phone carriers in Pakistan including Jazz and Telenor have sought reduction in taxation. Federal Minister for Finance and Revenue Miftah Ismail held a meeting with delegation of telecom sector comprising of CEO Jazz Aamir Ibrahim and CEO Telenor Pakistan Irfan Wahab Khan, at Finance Division on Wednesday. Federal Minister for IT and Telecommunication Syed […]

by Anjum Shah

PITB, Faysal Bank sign MoU to facilitate freelancers

Jun 1

IT & Telecom, Money & Banking

PITB, Faysal Bank sign MoU to facilitate freelancers

LAHORE: Punjab Information Technology Board (PITB) and Faysal Bank Limited (FBL) have signed a Memorandum of Understanding (MoU) to facilitate freelancers across Pakistan. The ceremony of agreement signing was held at Arfa Technology Park on Wednesday June 1, 2022. The MoU was signed by PITB DG e-Governance Sajid Latif and FBL Head CIBG Ali Waqar […]

by Hamza Shah

FBR establishes IT center against cyber security attacks

May 31

IT & Telecom, Taxation

FBR establishes IT center against cyber security attacks

ISLAMABAD: The Federal Board of Revenue (FBR) has established a Security Operation Center (SOC) in order to prevent cyber security attacks on its IT system. FBR Chairman Asim Ahmad inaugurated the SOC on Tuesday. SOC is a state-of-the-art center designed for prevention, detection, and incident response against cyber security attacks on the FBR IT network. […]

by Anjum Shah

SBP makes permission must for import of mobile phone, cars

May 21

Automotive, IT & Telecom, Money & Banking, Top stories

SBP makes permission must for import of mobile phone, cars

KARACHI: The State Bank of Pakistan (SBP) has imposed condition for payment on import of mobile phones and motor cars. The SBP issued a circular related import goods making it mandatory for banks to take prior permission for releasing funds for import of motor cars, mobile phones and other machinery. READ MORE: SBP may raise […]

by Hamza Shah

Jazz invests Rs14.9 billion during first quarter

Apr 28

IT & Telecom

Jazz invests Rs14.9 billion during first quarter

KARACHI: Jazz has invested PKR 14.9 billion under its ‘4G for all’ ambition during the first quarter of 2022, taking its overall investment in Pakistan to US$10.2 billion, according to a statement on Thursday. A majority of its capital expenditure during this quarter was on the addition of approximately 500 new 4G sites, reaching a […]

by Hamza Shah

FBR proposed to exempt withholding tax on telecom services

Apr 24

Budget 2022-2023, IT & Telecom, Top stories

FBR proposed to exempt withholding tax on telecom services

KARACHI: The Federal Board of Revenue (FBR) has been recommended to exempt withholding tax on telecom services to facilitate a large number of population of the country living below poverty line. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2022/2023 urged the FBR to rationalize withholding tax on telecom services. […]

by Hamza Shah

Supernet raises Rs475 million through book building

Apr 14

Corporate, IT & Telecom

Supernet raises Rs475 million through book building

KARACHI: Supernet Limited has raised Rs475 million through book-building at GEM Board of PSX. The process has concluded with an oversubscription of 1.4 times, the company said on Wednesday. The total bids received are worth Rs659 million while the strike price clocked in at Rs22.50. READ MORE: Supernet scrip receives overwhelming response The first ever […]

by Faisal Shah

Supernet scrip receives overwhelming response

Apr 13

Corporate, IT & Telecom, Stock & Commodity

Supernet scrip receives overwhelming response

KARACHI: Supernet Limited, the first IT company to be listed at GEM Board of PSX, has received overwhelming response by investors on first day of its book building on April 12, 2022. The book buying is continued on April 13, 2022 (today) too. With an oversubscription of 1.99% on first day of its book building, […]

by Hamza Shah

Supernet awarded Shariah screening certificate

Apr 4

Corporate, IT & Telecom

Supernet awarded Shariah screening certificate

KARACHI: Supernet Limited, a subsidiary of Telecard Limited has been awarded Shariah Screening Certificate by Meezan Bank Limited, based on the review of consolidated financial statements of SNL, certifying its compliance with KSE Meezan Islamic Index Criteria set out by Pakistan Stock Exchange. READ MORE: Supernet set to raise Rs475 million through initial offering This […]

by Hamza Shah

Supernet set to raise Rs475 million through initial offering

Mar 31

Corporate, IT & Telecom

Supernet set to raise Rs475 million through initial offering

KARACHI: Supernet Limited has planned to raise Rs475 million through Initial Offering of its 18.81 per cent of post-offering share capital. The capital being raised by listing the firm on the GEM Board of the Pakistan Stock Exchange (PSX) will consist of fresh equity of Rs275 million in Supernet and ‘Offer for Sale’ by Telecard […]

by Faisal Shah