Daily Archives: September 16, 2020

Bombardier and Alstom Sign Definitive Agreement for Sale of Transportation Business

Sale based on enterprise value of $8.4 billion (EUR 7.15B), reflecting a post-MOU $350M (€300M) price reduction, offset by positive foreign currency impact Net proceeds to Bombardier expected to be ~$4.0B at closing Closing now expected in the first quarter

Pakistan Will Experience a Broad Economic Recovery in FY21: ADB

Pakistan is projected to experience a broad economic recovery in the fiscal year 2021, as the economic sentiment improves with the expected decrease in the instance of the COVID-19 pandemic and the resumption of structural reforms, Asian Development Bank (ADB)

FBR Issues 2 SROs Revising Duty Drawback & Making Tax Exemption Certificates More Difficult

The non-resident persons or permanent establishment (PE) of non-resident persons have to go through a new cumbersome process at the tax offices to obtain certificates from the Federal Board of Revenue (FBR) for availing income tax exemption or a lower

Online Shopping in Pakistan Increased by 52% During Pandemic: Report

Displaying verified customer reviews, use of augmented reality, local currency payment options, ease of refunds, and a chat window as top confidence builders according to Visa Inc. survey A significant majority of Pakistani customers have shifted towards digital payment options

Pakistan ExpectPakistan Expected to See Broad Economic Recovery in FY2021: ADB Reportaed to See Broad Economic Recovery in FY2021: ADB Report

Pakistan is projected to experience a broad economic recovery in fiscal year (FY2021) as the economic sentiment improves with the expected subsiding of the coronavirus (COVID-19) pandemic and the resumption of structural reforms, says an Asian Development Bank (ADB) report.

Business community plays lifeline role in development of country: Shibli

Minister for Information and Broadcasting Senator Shibli Faraz says the business community plays a lifeline role in development of the country. He was addressing the inaugural ceremony of Auditorium Export Display Center at Islamabad Chamber of Commerce and Industry Wednesday.

UnionPay International and HBL Launch Contactless Cards

ISLAMABAD, Sept. 16, 2020 /PRNewswire/ — HBL is a Founding Member of UnionPay International (UPI) since 2012 and holds a seat in UPI’s Middle East Regional Member Council. HBL is the largest issuer of UnionPay Cards in Pakistan & the Middle