Pakistan has taken a significant step towards strengthening digital ties with Shanghai Cooperation Organization (SCO) member states by signing a Memorandum of Understanding (MoU) on Building a Cross-border E-commerce Platform.
ISLAMABAD: Finance Minister Shaukat Tarin on Thursday assured online market-place operator for the growth of e-commerce industry in Pakistan. He made this assurance at a meeting with CEO Daraz, Bjarke Mikkelsen. Shaukat Tarin affirmed his support for the growth of e-commerce industry in Pakistan and directed Daraz to propose initiatives where the Government could work […]
ISLAMABAD: The online market places have been brought into the tax net as through the Finance Act, 2021 the owner of online market place has been made withholding agent and made responsible for collecting withholding tax at two per cent on sales made through digital platform. A new definition has been including in the Sales […]
ISLAMABAD: Online market places will collect sales tax on supply of goods and services through digital platforms on behalf of the Federal Board of Revenue (FBR) from July 01, 2021, sources said on Monday. The sources said that through Finance Bill, 2021 the term online marketplace was introduced. According to KPMG Taseer Hadi & Co. […]
KARACHI: The value of mobile banking, internet banking and e-commerce transactions all more than doubled during the third quarter of 2020/2021 when compared with the same period last year, State Bank of Pakistan (SBP) said on Monday. Encouragingly, the number of internet and mobile banking users has also been increasing significantly, up 30.5 percent and […]
ISLAMABAD: The ministry of commerce has issued rules for assessment and clearance of imported or exported goods through e-commerce. The ministry issued SRO 14(I)/2021 for the application of the rules that will apply for assessment and clearance of imported or exported goods of business to consumer (B2C) transactions through authorized dealer via designated customs stations. […]
KARACHI: The online payment through debit cards for e-commerce registered phenomenal growth of 152 percent in first quarter of current fiscal year, according to data released by State Bank of Pakistan (SBP) on Thursday. The online payment for e-commerce increased to Rs11.1 billion in the first quarter (July – September) 2020/2021 as compared with Rs4.4 […]
ISLAMABAD: State Bank of Pakistan (SBP) has developed regulatory framework for facilitation of cross border B2C e-commerce. However, this will be adopted after integration with the e-Commerce to be developed by Federal Board of Revenue (FBR) in WeBOC (Web Based One Customs). The officials of SBP shared this information at the second meeting of National […]