All income irrespective of source should be taxed Pakistan Business Council (PBC) views tax policy as a primary tool for the promotion of industrialization, economic growth and for more equitable distribution of the tax burden. PBC strongly advocates that taxation needs to be based on the principle of “All income irrespective of source should be taxed.” The fiscal space that the government is looking for to implement its ambitious …

  PBC discusses business projects with 100 Chinese investors Choosing Pakistan under the flagship of China-Pakistan Economic Corridor (CPEC) as investment destination by China has altogether brought a paradigm shift about the perception of Pakistan as the world economic players have included Pakistan on their business map, said Arif Habib, a leading industrialists and a senior member of Pakistan Business Council on the sidelines of a strategic business session with …

  Pakistan’s total export volume is estimated at around $25 billion per annum, which is mainly consists of cotton and textile products while the global economic slow down has also an impact on the exports which are being witnessed on a decline. However, apart from external factors some of the major issues including energy shortages, such as gas and frequent loadshedding and of course the high tariff rates are some …

  Interview with Mr Ghazanfar Azam – CEO, Mobilink Microfinance Bank Profile Ghazanfar Azam joined Mobilink Microfinance Bank (MMBL) formerly known as Waseela Microfinance Bank Limited as its President and Chief Executive Officer (CEO) in April 2012. Under his guidance, Waseela Microfinance Bank now operates 51 branches and 60,000 branchless banking agents offering micro loans, savings, domestic remittances, utility bill collection, mobile wallets, life insurance, G2P& B2P payments through a …

  Scope of alternative delivery channels expands with inclusion of 3G and 4G State Bank of Pakistan (SBP) has revamped Branchless Banking Regulations to keep pace with the international branchless banking practices and to achieve the targets set out in National Financial Inclusion Strategy (NFIS) of Pakistan. This regulatory framework outlines the minimum requirements to be adopted by banks offering branchless banking in the market place. According to revised Regulations, …

  Interview with Aqeel Karim Dhedhi Profile Aqeel Karim Dhedhi is a highly regarded member of the Karachi Stock Exchange KSE (now corporate) with over thirty years of mainstream experience in stock-broking. He became a member of the KSE in 1986. Prior to this, he spent 13 years managing his father’s brokerage business. He is a prominent broker and has been on the board of the KSE in 1996, 1997, …

  Iran is expected to be a big buyer of Pakistani rice after lifting of sanctions Interview with Zulfikar Thaver – President UNISAME Pakistan is the 4th largest producer of rice following China, India, Indonesia. Rice is the major export product of Pakistan following wheat, cotton. It export earns about 13 percent of the country’s foreign exchange making it the second most important source of foreign exchange following cotton. Total …

  Interview with Mr Inam Ur Rahman – CEO, Reon Energy Ltd & Tenaga Generasi Ltd Profile Inam ur Rahman is the Chief Executive Officer of Reon Energy Limited (REL) and Tenaga Generasi Limited (TGL), wholly-owned subsidiaries of Dawood Lawrencepur Limited (DLL). He joined DLL as CEO in September 2009 and was re-elected at the 21st AGM on 27th Sep 2012. He is currently serving as a Director on the …

  Interview with Mr. Mumtaz Hasan Khan – Chairman & CEO, Hascol Petroleum Limited Profile Mumtaz Hasan Khan Chairman and CEO of Hascol Petroleum Limited has over 50 years of experience in the oil industry. He started his working life in Burmah Shell Oil Storage and Distribution Company in May 1963 and worked there till January 1976, where his last assignment was International Sales Manager. From February 1976 to July …

  Govt should invest more in indigenous exploration and production Interview with Raziuddin Razi – CEO, Khyber Pakhtunkhwa Oil & Gas Company   Profile Raziuddin Razi, who is the Chief Executive Officer of Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) for one and half years having a vast experience and worked in both international and domestic energy sectors. Raziuddin, who did his MSC and MBA from Michigan and New …