Google Wallet, a key offering in the tech giant’s financial services portfolio, is scheduled to launch in Pakistan by January 2025, alongside Egypt and Venezuela. This announcement has not been officially made by Google or the Pakistani government. However, the update was shared in the official Google developer notes that were leaked online via social … Read more
The Oil and Gas Regulatory Authority (OGRA) has approved the import of 128,000 tons of high-speed diesel (HSD) in January 2024, after demand fell mainly due to the end of the harvest season. Ogra has allowed import of 90,000 tons by Pakistan State Oil (PSO) and 38,000 tons by Gas and Oil Marketing Company (GO) … Read more
The UAE Ministry of Finance said on Monday that the United Arab Emirates will impose a minimum additional tax of 15% on large multinational companies operating in the country starting from January, as the government seeks to boost non-oil revenues. The DMTT is part of the OECD’s global minimum corporate tax agreement signed by 136 … Read more
Pakistan has agreed to import Russian crude oil at a discounted price, following the agreement reached during the intergovernmental committee meeting in Moscow. News I mentioned. Federal Minister of Energy Sardar Owais Leghari led the Pakistani delegation to the meeting. The two sides decided to resume crude oil trade from January 2025, with Pakistan importing … Read more
The 26th Constitutional Amendment Bill, 2024, recently passed by the Senate, has set a deadline of January 1, 2028, to end the practice of usury (interest-based banking) in the country. This clause was added to the draft amendments on the suggestion of Jamiat Ulema-e-Islam Fazl (JUI-F), a regional political party led by Maulana Fazlur Rehman, … Read more
Pakistani rupee notes appear in a counting machine at a bank in Peshawar, August 22, 2023. – Reuters The clause was added based on the suggestion of JUI-F. January 2028 deadline to end the practice of usury. Any transaction involving usury is considered “wrong.” The 26th Constitutional Amendment Bill, 2024, recently passed by the Senate, … Read more