Government

Saudi advisory council to debate proposed levy on remittances -report | Zawya

Ever since oil prices fell, the Gulf Cooperation Countries have been flip-flopping on the issue of remittance tax. Expatriates (read: migrant workers) living in the GCC annually send over US$ 100 Billion back to their home countries. All was hunky-dory when the price of an oil barrel was over US$ 100. Today, the case needs to …

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Saudi Arabia planning to cancel $20bn worth of projects – report

With all these cuts in Saudi government spending, construction is the largest sector that is affected. Some estimate cite as much as 45%. Outgoing remittances will be impacted and the results would clearly be noticeable in the coming quarters. Ministry budgets could be cut by a quarter; some ministries may also be merged or eliminated …

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Government of Pakistan to invite PayPal, Amazon and Ebay into Pakistan

PayPal in Pakistan At a recent conference in Islamabad, Pakistan’s Minister for State for IT and Telecom: Anusha Rehman cites that the government will soon invite the likes of PayPal, Amazon and Ebay into Pakistan to start operations. This news first popped up on my timeline by a post carried out by ProPakistani and then one …

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Murder on Chundrigar Road: How SBP killed the payments/fintech startup industry.

For those who don’t know, I.I. Chundrigar Road is the road on which the Central Bank of Pakistan, i.e. State Bank of Pakistan is located. Last week they released their Rules for Payment System Operators & Payment Service Providers, which essentially killed the Payments & Fintech startup industry of Pakistan. Murder on Chundrigar Road is …

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Pakistan on the World Press Freedom Index Report 2014

  Reporters Without Borders released its 2014 annual index called: Press Freedom Index 2014. Pakistan’s 2013 rating was 159. Its rating for 2014 was 158. This is nothing great considering in 2013 Pakistan slipped -8 places to 159. With Pakistan’s press continually subjected to illegal eavesdropping and snooping by the various government agencies, this horrible …

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