Young, happy, rich — you can acquire the latter two things at any point in life, but you are only young once. Your twenties are a great time to begin pursuing riches and happiness. The youngest generation is ambitious and many twentysomethings see value in investing in a business rather than spending their hard-earned money on college tuition. Here are some of the top business … Continue reading Business Ideas for Early 20s
In his recent visit to China, PM Imran Khan pitched five reasons why the Chinese or investors from any other country should invest in Pakistan. Before those reasons start becoming viral, among those blinded by optimism, a reality check is warranted. Khan’s first bullet point was strategic location. If history is any guide, that strategic location has given this country more headaches than benefits. In … Continue reading Why you should INVEST in Pakistan
Special Assistant to the Prime Minister Dr. Firdous Ashiq Awan said on Saturday the government had decided not to sell national assets but offer public-private partnership to foreign investors. Talking to a group of senior columnists here at the Governor’s House, she said the government would preserve the national assets and generate revenue through public-private partnership, adding that investors would invest, pay and earn as … Continue reading Firdous Ashiq Awan : Government has decided not to sell national assets but offer public-private partnership to foreign investors
The Senate Standing Committee on Finance, Revenue and Economic Affairs was informed on Thursday that the government has received Rs 7 billion additional tax in last six months after it imposed the Customs Duty on mobile phones for overseas Pakistanis. The Federal Board of Revenue (FBR) and other relevant government institutions during this period observed that duty imposition on imported mobile had a positive impact … Continue reading 7 billion collected on Mobiles only!
Global investors are piling into Pakistan’s local-currency bonds like never before. Attempts at economic reforms, support from the International Monetary Fund and interest rates topping 13% make the nation’s fixed income attractive amid a surge in the world’s pool of negative-yielding debt. Small wonder foreigners bought $342 million of debt in the quarter through September, compared with virtually zero inflows in the past two years, … Continue reading From Zero to Hero: Pakistan Bonds Evoke Egypt’s Success Tale – Bloomberg
The Federal Board of Revenue (FBR) on Thursday asked the big retailers to ensure installation of its point-of-sale invoicing app into their systems by December 1 to report turnover with the tax authority on real-time basis. If the retailers fail to link their systems with the FBR, they would not be entitled to the reduced 14% sales tax, according to the FBR’s notification. The FBR, … Continue reading Retailers given DEC 1st Deadline by FBR
The government has awarded generation licences to two foreign firms for setting up wind and solar power plants in Sindh, National Electric Power Regulatory Authority (Nepra) documents showed. The two companies, ENI New Energy Pakistan and Burj Wind Energy, have been given the license to set up the 10 MW solar and 13.8 MW wind power plants respectively. ENI will set up the solar plant … Continue reading Licences awarded for Renewable Energy Projects
UBL is the first bank in Pakistan who has partnered up with Gemalto, Visa and 1LINK to launch digital payment through tokenisation on the UBL Digital App. The aim is to offer traditional payment services into convenient, secure and rewarding digital payment experiences. With this ambition in mind, UBL will enable its customers to enjoy the freedom and convenience of secure payments, via the bank’s … Continue reading Mobile contactless payments with Gemalto, Visa now available with UBL
Soon after it was reported in September that NTT Docomo, Japan’s largest mobile carrier, would not offer phones from Huawei Technologies for use on its 5G network, the Chinese corporation announced its new products would ship without Google applications. These moves clearly point to the coming of a technologically divided world. The U.S. in May blacklisted Huawei due to national security concerns, imposing restrictions on … Continue reading Pro- and anti-Huawei spheres – China and Technology
The first quarter is over; and back of the envelope calculations depict the government is likely to meet all the quantitative targets of the IMF for quarter end. There are six quantitative performance criteria- and five are likely to be met (read:”IMF targets- all but primary deficit in place”). The basic calculations assert that primary deficit is likely to be met despite over around Rs114 … Continue reading No need of any mini budget or to increase the GST from 17 to 18 % – FBR
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