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Rs 44415 would be Nisab for Zakat deduction

Lahore : Ministry of Religious affairs has decided the Nisab for Zakat deduction after having detailed discussion. According to the ministry ; Rs 44415 would be Nisab for Zakat deduction keeping in view the price of 52 tola silver. All the scheduled banks will cut Zakat from the pls accounts ... Read More »

Banks continue to deduct withholding tax on transaction from filers

Lahore: Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt on Sunday said some banks continue to deduct withholding tax (WHT) on transaction from filers which is illegal as well as unethical. The attitude of banks amounts to frustrate government’s move to boost revenue through enhanced taxation on transactions. The ... Read More »

CCPO Lahore warns to seal the banks for poor security

Lahore: CCPO Lahore Capt (R) Muhammad Amin Vance has made it clear to the bank officials that police would shut the bank  that will not adopt proper security measures. While meeting with security officials of the banks at Punjab Bank’s committee room,CCPO Lahore asked the banks representatives to act upon the ... Read More »

Banks should help unleash SMEs potential to lift economy: Mian Shahid

Islamabad: Chairman of the Apna Microfinance Bank Limited (AMBL) Mian Shahid on Friday said that Small and Medium Enterprises (SMEs) will be given preference in provision of credit.He said that he will try best to ensure the uninterrupted flow of finances to the critical SME sector without which economy cannot ... Read More »

UN, banks, multinationals to participate in largest women’s expo

Islamabad: Different agencies of United Nations, banks, multinationals, mobile operators, embassies, NGOs and CDA have assured participation in Islamabad Expo 2013, the largest women’s exhibition in Pakistan. This was disclosed by said Naima Ansari, Chairperson Islamabad Women’s Chamber of Commerce and Industry (IWCCI) Standing Committee on Fairs and Exhibitions while ... Read More »

Punjab Govt refuses to provide security to banks

Lahore:Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting which reviewed the security plan for banks, money exchangers and jewelers. Provincial Minister for Law Rana Sanaullah Khan, Advisor Jehanzeb Burki, Members Assembly Rana Tanveer Hussain, Col. (R) Shuja Khanzada, Inspector General Police, Secretaries of Home and Industries and concerned ... Read More »

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