Dec 22

Meezan Bank starts Islamic financing scheme for SMEs

KARACHI: Meezan Bank has become the first bank in the country to launch Islamic financing scheme for Small and Medium Enterprises (I-SAAF), a statement said on Wednesday. The launching ceremony was held at Multan Chamber of Commerce and was attended by Dr. Reza Baqir – Governor, State Bank of Pakistan (SBP), other senior officials of […]

by Hamza Shahnawaz

Customs introduces new module in WeBOC for SMEs

Nov 12

Pakistan Customs

Customs introduces new module in WeBOC for SMEs

The Federal Board of Revenue (FBR) has unveiled a new module within the WeBOC (Web-Based One Customs) system. This online Customs clearance system is designed to specifically cater to the needs of small and medium enterprises (SMEs), aiming to streamline their operations in the realm of international trade.

by Faisal Shahnawaz

FPCCI proposes enhancing SME turnover to Rs1.5 billion

Nov 10

Trade & Industry

FPCCI proposes enhancing SME turnover to Rs1.5 billion

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed to increase the turnover of Small and Medium Enterprises (SMEs) to Rs1.5 billion from existing Rs250 million for treatment of income tax. FPCCI President Mian Nasser Hyatt Maggo, while praising the government for launching the SME Policy, said the defined annual sales turnover […]

by Mrs. Anjum Shahnawaz

SBP selects eight banks for collateral-free loan scheme

Nov 3

Money & Banking, Top stories

SBP selects eight banks for collateral-free loan scheme

KARACHI: State Bank of Pakistan (SBP) has selected eight banks for lending collateral-free loan to Small and Medium Enterprises (SMEs), a statement said on Wednesday. Governor State Bank of Pakistan, Dr. Reza Baqir announced that banks have shown overwhelming response to an innovative financing scheme for collateral free lending to SMEs introduced by the State […]

by Hamza Shahnawaz

Finance Act, 2021: New tax regime for small, medium enterprises introduced

Jul 1

Taxation

Finance Act, 2021: New tax regime for small, medium enterprises introduced

ISLAMABAD: A new tax regime has been introduced for small and medium enterprises offering options of reduced rate of income tax and final tax. Through Finance Act, 2021 a small and medium enterprise has been defined as a person who is engaged in manufacturing as defined in clause (iv) of sub-section (7) of section 153 […]

by Mrs. Anjum Shahnawaz

Rules for computation of profit and gains for SMEs

Jun 23

Taxation

Rules for computation of profit and gains for SMEs

ISLAMABAD: Rules have been issued for computation of profit and gains of Small and Medium enterprises (SMEs). The SMEs shall be required to register with the Federal Board of Revenue (FBR) on its IRIS web portal. The SMEs are also given option to register with Small and Medium Enterprises Development Authority on its SME registration […]

by Mrs. Anjum Shahnawaz

FBR simplifies tax rules to facilitate SMEs

Sep 6

Taxation

FBR simplifies tax rules to facilitate SMEs

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued simplified tax rules for facilitation of small and medium enterprises (SMEs). FBR has changed the rules to facilitate Small and Medium Enterprises to enhance exports through Notification No. 1002(I)/2019 dated 06.09.2019 which has introduced amendments in original Notification 327(I)/2008 dated 28.03.2008. This is in line with […]

by Mrs. Anjum Shahnawaz

SBP urges SMEs to avail refinance benefits

Mar 13

Money & Banking

SBP urges SMEs to avail refinance benefits

KARACHI: State Bank of Pakistan (SBP) has urged Small and Medium Enterprises (SMEs) to avail refinance facilities as the central bank put in place number of refinance facilities both for purchase of plant & machinery for SMEs and working capital finance for special sectors. While speaking to SMEs, Syed Samar Hasnain, Executive Director, SBP at […]

by Faisal Shahnawaz