Business
The Federal Board of Revenue (FBR) has clarified confusion surrounding a perceived 20.5% tax on cash sales over Rs 2 lakh, following widespread speculation after changes introduced in the Finance Act 2025. Officials confirmed that no direct tax has been imposed on large cash transactions. However, they explained that
Technology
PayPal has launched a new artificial intelligence-driven scam detection system aimed at protecting users from increasingly complex online fraud. The update, which includes integration with Venmo in the US, forms part of the company’s broader push to stay ahead of cybercriminals using advanced technology. According to PayPal’s
Business
The State Bank of Pakistan has rolled out a national campaign to promote digital payments at livestock markets ahead of Eidul Azha, aiming to reduce the heavy reliance on cash during the festive shopping period. The initiative, titled Go Cashless, is being implemented in 54 selected cattle markets across the
Corporate
The Khushhali Microfinance Bank Limited and HBL Konnect have signed an agreement, enabling payments for Khushhali Bank customers through HBL Konnect branchless banking and agents network across Pakistan. The agreement marks a significant step taken by KMBL to incorporate partners from the digital payments industry to transform its infrastructure, thereby