Pakistan Revenue
Islamabad, June 22, 2025 – The National Assembly Standing Committee on Finance and Revenue has formally endorsed the Digital Presence Proceeds Tax Act, 2025, a landmark legislation designed to tax proceeds generated from digital economic activities in Pakistan by non-resident entities. The new law, which is part of the Finance Bill 2025, is expected to […]
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Karachi, June 11, 2025 – In a dramatic shake-up of Pakistan’s digital economy, the federal government has unleashed a sweeping new tax regime on digital transactions through e-commerce platforms as part of the Finance Bill 2025. The latest move targets the booming world of online sales, aiming to bring long-ignored digital commerce into the tax […]
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Karachi, January 30, 2024 – Raqami Islamic Digital Bank (RIDB) has achieved a significant milestone by securing a No Objection Certificate (NOC) and In-Principal Approval (IPA) from the State Bank of Pakistan (SBP) to establish an Islamic digital retail bank.
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Islamabad, January 22, 2024 – Raqami Islamic Digital Bank has taken a significant leap towards revolutionizing the digital banking landscape by entering an exclusive agreement with Codebase Technologies.
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Karachi, January 14, 2024 — Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt. Ltd. have joined forces in an exclusive partnership aimed at spearheading the digital payments landscape in Pakistan.
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Karachi, January 6, 2024 – Recent data released by the State Bank of Pakistan (SBP) indicates a significant shift in Pakistan’s financial landscape, with the country increasingly adopting digital payments and moving away from traditional paper or cash-based transactions.
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KARACHI: Pakistan’s e-banking registered sharp growth in the first quarter of the fiscal year 2021/2022, the central bank said on Monday. E-banking—defined as transactions conducted via electronic channels (including Real-time Online Branches, ATMs, mobile banking, internet banking, call center banking, POS and e-Commerce), continued to thrive in both volume and value during the quarter under […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for another month i.e. January 31, 2022. The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from January 01, 2021. The FBR issued circular No. 11 of 2021-22 on Monday to […]
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KARACHI: The State Bank of Pakistan (SBP) on Monday introduced a licensing and regulatory framework for digital banks in line with the international best practices.
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ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for another month i.e. December 31, 2021. The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from December 01, 2021. The FBR issued circular No. 10 of 2021-22 on […]
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