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For Promotion of Small and Medium Enterprises (SMEs) Finance State Bank of Pakistan (SBP) has taken steps to develop some strategies, One of the Main Strategy is as follows; Risk Mitigation Strategy Compared to corporates, Small and Medium Enterprises (SMEs) are confronted with challenges such as low access to financial resources, low equity ratio and […]
Membership Criteria of The Gujranwala Chamber of Commerce and Industry The prospective member is a sole proprietorship or a partnership firm or an association of persons or a company holding national tax number and sales tax registration, if applicable, in the name of the business concern; The prospective member’s business fits within the defined business […]
SBP Policy for SME Finance Banking industry of Pakistan started focusing on Small and Medium Enterprise (SME) sector during the period of 2004-2006 because of which Small and Medium Enterprise (SME) financing (Rs. 408 billion) reached at 17 percent of total private sector financing by banks & DFIs in December 2006. However, following the economic slowdown since 2007-08, […]
Withholding Tax in Pakistan Withholding Tax Regime is a global phenomenon and in Pakistan the major source of the Federal revenue collected on national level. The collection as well as dependence on Withholding Taxes is on the rise over the years. Out of total Direct Taxes collection of Rs, 740(b) for financial year 2012 Rs, […]
Sea Ports in Pakistan Currently, Pakistan has two main operating international deep-sea ports; Karachi Port and Port Qasim. During the coming years, their capacity expansion programs are unlikely to keep pace with the expected growth in demand, resulting in a need for a third port to fill the gap. In particular, Karachi Port has significant […]