Tag: Cards

Dollar Bonds On Cards To Lure Overseas Pakistanis

Dollar Bonds On Cards To Lure Overseas Pakistanis

Information
Initiative seen to boost remittances to record $20 billion. Home remittances sent by overseas Pakistanis are projected to rise beyond the annual historic high of $20 billion by the time financial year 2017-18 closes on June 30. At the same time, Pakistanis across the globe will be delighted to see the government's launch of new, high-profit dollar bonds in and around mid-May, top-level official in the Ministry of Finance told Khaleej Times. Overseas Pakistanis seem to be responding positively to the recent devaluation of the rupee by 5 per cent, which adds up to 10 per cent when totalled with a similar 5 per cent devaluation in December 2017. Bankers, economists and MoF officials projected "the rise of remittances to $20 billion, and even beyond as overseas Pakistanis are traditional...
Vat Relief For Gold On The Cards In UAE

Vat Relief For Gold On The Cards In UAE

UAE News
Wholesale and retail gold jewellery sales in Dubai plummeted between 30 and 50 per cent in first quarter. The UAE's gold jewellery trade hopes for a surprise in the form of a tax relief to boost sales that have gone into a dismal tailspin following the introduction of value added tax (VAT) in January. The trade is waiting for a favourable action from the federal authorities on exempting the value of gold from five per cent VAT. Trade sources said the proposed changes in the VAT mechanism for the gold and jewellery sector would mean that VAT would be levied only on making charges (value addition) and not on the gold value. Wholesale and retail gold jewellery sales in Dubai plummeted between 30 and 50 per cent in the first quarter of this year compared to the same 2017 period in ...
Vat Relief For Gold On The Cards In UAE

Vat Relief For Gold On The Cards In UAE

UAE News
Wholesale and retail gold jewellery sales in Dubai plummeted between 30 and 50 per cent in first quarter. The UAE's gold jewellery trade hopes for a surprise in the form of a tax relief to boost sales that have gone into a dismal tailspin following the introduction of value added tax (VAT) in January. The trade is waiting for a favourable action from the federal authorities on exempting the value of gold from five per cent VAT. Trade sources said the proposed changes in the VAT mechanism for the gold and jewellery sector would mean that VAT would be levied only on making charges (value addition) and not on the gold value. Wholesale and retail gold jewellery sales in Dubai plummeted between 30 and 50 per cent in the first quarter of this year compared to the same 2017 period in ...