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Tag Archives: Small and Medium Enterprises (SMEs)

Flood-hit farmers to get Rs10b loan on 8% mark-up

KARACHI: To revive the economic activities in flood-hit areas, the State Bank of Pakistan (SBP) has launched a concessional loan scheme of Rs10 billion. As per the SBP loan scheme, the banks will charge 8 per cent mark-up per annum from the farmers and Small and Medium Enterprises (SMEs) of flood-affected areas against their financing for production, working capital loans ... Read More »

Holder of taxpayer card to get numerous benefits: Bajwa

MULTAN: Federal Board of Revenue (FBR) Chairman Tariq Bajwa disclosed that Nadra had designed a ‘distinction’ card for the taxpayers and holders of this card will get numerous benefits. Addressing members of Multan Chamber of Commerce and Industry (MCCI), Bajwa pointed out that holders of this card would be entitled to pay concessional tax on the purchase of cars and ... Read More »

Vision 2025 envisages boosting exports to $150b, 25m jobs

ISLAMABAD: The government unveiled its Vision 2025, envisaging increase in exports volume from $25 billion to $150 billion by 2025 with special focus on the development of small and medium enterprises (SMEs) and water and power generation resources. At the launching ceremony of Vision 2025, Minister for Planning and Development Prof Ahsan Iqbal said that to achieve the target of ... Read More »

Ministry’s interference causes blockage of refund claims

LAHORE: While demanding the government to release stuck-up refund claims, the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has said that FBR’s software system of RCPS is very excellent which completes refund process system within one month but finance ministry’s undue interference causes blockage of refund claims to the exporters, as presently more than 80 per cent textile exporters ... Read More »