International Bill Gates Neutral on Bitcoin but Says Cryptocurrency Is an Innovation the World Can Do Without February 21, 2021
Cryptocurrency Klarna partners with Safello to bring users crypto purchases from their bank account February 17, 2021
International Elon Musk Urges Dogecoin Whales to Dump Their Coins — Even Offers to Pay Them February 16, 2021
International Founder of $8.4B Dogecoin sold everything in 2015 for ‘a used Honda Civic’ February 12, 2021
Cryptocurrency India’s crypto ban is coming, hodlers to be given transition period: Bloomberg February 12, 2021
Opinions The Power of Perseverance: Women and Fintech Sadaf Amir, a mother of two, runs a successful cloth selling and stitching business in Islamabad. Her story is a testament to the phenomenal role that financial inclusion, powered by digital banking t… Read More
US Government Won’t Allow Corporates to Keep Replacing Dollars With Bitcoin, Warns Investment Advisor
Business How to register a company in Pakistan online? [Updated] In recent times, SECP, has started providing e-services which includes online company registration and some affiliated services as well, like company name lookup and availability. The proces… Read More
Opinions Six Insights every Digital Entrepreneur must know Often you come across a small talk or a post on some social platform that carries so much insights and meaning, you tend to read it again and again and try to apply it in your life and work. I came ac… Read More
Startups SaareyMusic – Reviving Classical Music What is SaareyMusic? SaareyMusic is the first-ever music streaming service for the promotion of Pakistani classical music. The application claims to provide unlimited, ad-free access to the following … Read More
Technology AWS Announces General Availability of Amazon’s AI Code Reviewer & Profiler – The AWS CodeGuru
SBP Makes Digital and Card Transactions More Secure and Easier 20 Feb 2021 In order to promote digital payments, SBP has been taking steps to make them more secure, introducing new features and promoting their use. In consultation with the industry and other stakeholders, SBP has taken more steps to make digital transactions and card payments more secure and easier. Now the consumers will only have Europay MasterCard Visa (EMV) Chip and PIN …
SBP Allows Exporters to Make More Types of Payments to Promote Exports 20 Feb 2021 Exporters of goods and services, including IT-based services, are allowed to retain a certain portion of their export proceeds in their Special Foreign Currency Accounts. The fund from these accounts, however, could be utilized for specified purposes only. Over time the types of payments that exporters need to make have increased as exports are becoming more diversified. In order to …
FBR to Notify Non-Filers That Are Paying Massive WHT on Mobile Transactions 11 Feb 2021 The Federal Board of Revenue (FBR) has deputed a team of tax officials to analyze data of 100 million persons received from mobile phone companies. Highly-placed officials in the FBR told Propakistani that the FBR will issue notices to the subscribers of mobile phones on the basis of the higher amount of withholding tax being deducted on calls. The notices …
SBP Modernizes Foreign Exchange Regulations to Facilitate Start-ups, FinTechs and Exports 11 Feb 2021 State Bank of Pakistan (SBP) has notified the revisions in Foreign Exchange Manual (chapter 20) to facilitate startups, fintechs, and exports. Accordingly, the new policy for equity investment abroad will attract foreign direct investment through the establishment of holding companies by Pakistani fintech and startups; support exports by facilitating exporters to establish subsidiaries or branch offices outside Pakistan; and, allow …
FBR & SBP to Implement a New Income Tax Refund System 11 Feb 2021 The Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) are jointly implementing a new system for electronic issuance of income tax refunds by directly crediting the amount into the exporter’s bank accounts. In this connection, the FBR has issued a notification for introducing draft amendments in the Income Tax Rules 2002 here on Wednesday. The FBR …
SBP Proposes a New Type of Loan for Supporting Startups 11 Feb 2021 State Bank of Pakistan has proposed a new type of loan for supporting startups to meet the specific needs in raising capital for setting up business and operations on a sustainable basis. A startup company may raise funds from abroad in the form of convertible debt, i.e., the lender shall have the option to convert the loan into the equity …
Xbox Series X Will Be in Short Supply Until June: Microsoft 3 Feb 2021 Mike Spencer, head of investor relations at Microsoft has revealed in an interview with the New York Times that the Xbox Series X gaming console is expected to face supply constraints until at least June this year. Past reports speculated that the supply shortage for the gaming console will last until April, but now it has been confirmed that it will …
TikTok Owner Sues Gaming Giant Tencent in China 3 Feb 2021 According to recent reports, China’s multinational conglomerate Tencent has been caught up in a defamation suit by TikTok’s owner company ByteDance. The two firms have been fierce rivals for years and their founders Zhang Yiming and Pony Ma have traded barbs on many occasions. This time, the bicker was induced by the fact that Tencent blocked Douyin’s (TikTok’s Chinese variant) …
KP Govt Announces to Promote Local E-Gaming Industry 1 Feb 2021 Soon after esports became an official sport in Pakistan, the government of KP has announced that it will work on improving the local video gaming industry. The announcement comes from the KP Science and Technology and Information Technology Department. The Adviser to Chief Minister on Information Technology, Ziaullah Bangash, said: There is no shortage of talent in Khyber Pakhtunkhwa, we …
SECP Asks Brokers, Insurers and NBFC’s to Strictly Monitor Transactions of Their Customers 1 Feb 2021 The securities brokers, futures brokers, insurance companies, Takaful Operators, non-banking finance companies (NBFCs) and Modarabas would now be required to strictly monitor and regulate the transactions of their occasional customers’ under the Anti-Money Laundering Act and SECP’s Anti-Money Laundering Regulations. The Securities and Exchange Commission of Pakistan (SECP), being the Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Regulatory Authority, has …
Simsim – an in-depth review of mobile wallet app Simsim is a mobile banking app – call it a mobile wallet or Simsim …