Daily Archives: June 19, 2017

NCCPL to collect monthly capital gain tax on June 29

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KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Monday announced that amount of Capital Gain Tax (CGT) for the month of May 2017 will be collected on June 29, 2017.

SBP directs microfinance banks to install bio-metric machines for instant verification

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KARACHI: State Bank of Pakistan (SBP) has directed Microfinance Banks (MFBs) to install bio-metric machines for instant verification of prospective customers under measures to be taken regarding Anti-Money Laundering (AML) and Combating the Finance of Terrorism (CFT).

SBP issues instructions under credit guarantee scheme for SMEs

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KARACHI: State Bank of Pakistan (SBP) has issued instructions for Credit Guarantee Scheme (CGS) for Small and Rural Enterprises and advised financial institutions to utilize 30 percent of the allocated guarantee limit for 2017 for lending to two to three specific sectors.