payment

Visa targets ten-fold increase in digital payment acceptance across Pakistan D_Trends

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Visa targets ten-fold increase in digital payment acceptance across Pakistan D_Trends

KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining remittances … Read more

Attock Cement receives final payment of $5.85mn for sale of subsidiary’s shares D_Trends

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Attock Cement receives final payment of .85mn for sale of subsidiary’s shares D_Trends

Attock Cement Pakistan Limited (ACPL) has received the final payment of $5.85 million as part of the sale of the remaining 4,500,000 shares in its subsidiary, Saqr Al Keetan for Cement Production Company Limited (SAKCPC), based in Iraq.  According to a disclosure made to the Pakistan Stock Exchange (PSX) on Monday, the payment marks the … Read more

Bolan Castings halts production due to drop in orders, payment delays D_Trends

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Bolan Castings halts production due to drop in orders, payment delays D_Trends

Bolan Castings Ltd. has announced a halt in its production activities due to a significant drop in customer orders and severe financial strain caused by delays in payments from its main customer.  The company is a subsidiary of Millat Tractors Limited. Bolan Castings disclosed this development in a notice sent to the Pakistan Stock Exchange … Read more

Tractor industry faces shutdown as suppliers halt operations over payment delays D_Trends

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Tractor industry faces shutdown as suppliers halt operations over payment delays D_Trends

The Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has announced that the tractor industry is on the brink of a complete shutdown due to the Federal Board of Revenue’s (FBR) prolonged withholding of GST refunds and the recent implementation of the new GST regime under Statutory Regulatory Order (SRO) 563.  “This situation has … Read more

Govt extends bill payment deadline by 10 days D_Trends

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Govt extends bill payment deadline by 10 days D_Trends

A file photo of an electricity bill. — KE Power Division orders all DISCOs to extend deadline. One-month extension to benefit consumers for July bills. Nepra says all DISCOs involved in excess billing practices. ISLAMABAD: Prime Minister Shehbaz Sharif has directed an extension in the deadline for payment of electricity bills by 10 days with … Read more