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Clearing cheques has always been a headache, will not any more! 1. Simply walk in the paying bank. 2. Present the crossed cheque at the counter. 3. Provide your account details. 4. Get the funds transferred into your account. Clearing time reduced from 48 hours to under 3 minutes. Facilitation regarding Paper-based Clearing Operations in the wake of COVID-19 To combat the potential spread of COVID-19 pandemic by limiting person-to-person interactions and to provide ease of services to the customers, Banks/MFBs are allowed to provide the following services to their customers: Direct Cheque Deposit Facility under which: A crossed cheque may be presented by payee/beneficiary directly into the paying/drawee bank, instead of their bank branches as per the existing practice. In this case, funds may be transferred by the paying/drawee bank either through RTGS customer fund transfer - MT102 or Over the Counter (OTC) IBFT or Bank...

The Corona virus was manufactured in the UK laboratory, registered in the United States, and then routed to Wuhan's laboratory by Air Canada flight from the Canadian Laboratory.  According to research, the use of the Corona Virus as a biological weapon was initiated by the Pirbright Institute in England. Bill  Melinda Gates Foundation provide funds for this project. The Corna Virus was regularly patented by the Johns Hopkins Bloomberg School of Public Health  in the United States. Its patent number was 10,10,701. The patent was terminated as soon as the first case was discovered in the United States in January.  US-based Center for Disease Control and Prevention (CDC) 2019-nCoV, was practiced  in New York on October 18, 2019. The exercise was organized by the Bill & Melinda Gates Foundation, John Hopkins Center for Health Security in partnership with the World Economic Forum. The exercise, which was attended by parliamentarians, business lead...

Since many years of providing services in several reputed organization Mr. " Mr. Yaseen Hussain " has founded Human Resources organization with the name of  EHR Excellent  for providing other companies H.R facilities. He has taken essence of varoius organization during decades. He is one of the leading Human Resource professionals and has earned vast experience in senior human resource positions. Providing Human Resources services to organization like Gul-Ahmed, Sindh Micro Finance bank. He has proven his expertise in management, consulting experience in the local corporate, multinational and public sectors. Since the foundation of  EHR Excellent  it is the founder's aim to facilitate their client by Strategic Planning & Implementation of best practices, Organizational Restructuring, Training & Development, Outsourcing, Executive Search and provide solution to complex problems. Experience;         Telenor Bank Bran...

Freelancing is increasing in Pakistan with the ever-growing unemployment and the blooming trend of being you own boss. However, in Pakistan, Freelancers are paid less as compared to other countries. Freelancing growing rapidly in Pakistan State Bank has increased Freelancers payment limit for freelance services in Information Technology sector. The payment increased is five times of the present payment. SBP has issued a notice, yesterday in which the bank revealed that this decision is made in order to enhance the overall scope of the business through freelancing. Previously, the payment for freelance IT services was $5,000 which is not increased to $25,000 per month. By increasing this payments, SBP foresee that freelancers will become economically sound while foreign exchange flows in the country will also be improved. In this way Freelancers will be able to expand their business and will also be able to hire other individuals for the services. Well t...

According to Nigerian Law what is Tax Rebate? Its Calculation,Reasons,Documentation & Methods Tax Rebate/Tax Refund A  tax refund  or  tax rebate  is a payment to the taxpayer when the taxpayer pays more tax than they owe. Calculation of Tax Rebate/Tax Refund Tax rebate/Tax refund =    Input tax – Output Tax Input Tax An input tax is a levy paid by a business on acquired goods and services. An example of an input tax is the value added tax . When a business then taxes its customers , this is considered an output tax. The business pays the federal revenue authority the difference between the output tax and input tax if the amount is positive, or it can apply for a tax refund if the amount is negative. Output Tax Output tax  is the VAT that is calculated and charged on the sale of goods and services from your business, if you are VAT-registered. This must be calculated on sales to ot...

Speaking at the launching ceremony of the Digital Pakistan Vision at the Prime Minister's Secretariat, Prime Minister Imran Khan stated that digitalization is critical for the benefit of the people as it would assist the government to bring a meaningful change in the life of the common man. This, he further contended, would reduce the paper in use by the federal government with an obvious positive impact on environment as well as provide opportunities to women to contribute to this sector and cash in on more jobs in the economy. There is no doubt that the use of paper, sourced to trees, has had severe environmental implications and hence any attempt to reduce its use must be fully supported even though Pakistan imports paper to meet the bulk of its needs, however, one would hope that the government would ensure that there are no deliberate glitches in the computer system due to the perceived benefits associated with influential elements, given that the burning of pa...

PayPak is a Pakistani  domestic payment scheme launched by 1 Link   under the State Bank of Pakistan  Vision 2020 . . The reason to launch this domestic payment scheme was to save inter-change costs of International Payment Schemes. PayPak cards can only be used on ATMs & POS Terminals throughout Pakistan and are yet to be enabled for online transactions. The world has increasingly come to expect faster payments. Even the thought of paying for items by a simple swipe of a watch no longer raises eyebrows. Meanwhile, the process of using payments through electronic means to curtail unregulated and free markets remains futile for decades in Pakistan due to the lack of any concrete road map and regulations on electronic payment usage. The biggest hindrance to financial inclusion is the high cost of cards based on international schemes. As a result, a huge proportion of the population is unbanked and under-served. The unbanked population doesn’t have access t...