MTCL Associates

  Aasan Karobar The CM of Punjab, has introduced the "CM Punjab Asaan Karobar Finance" and "Asaan Karobar Card" schemes to support small and medium-sized enterprises (SMEs) in the province.  Asaan Karobar Card: Loan Amount : Provides interest-free loans ranging from PKR 500,000 to PKR 1 million. Tenure : 3 years, with a 3-month grace period. Usage : Funds can be utilized for vendor and supplier payments, utility bills, government fees, taxes, and cash withdrawals (up to 25% of the limit) for miscellaneous business purposes.  Asaan Karobar Finance Scheme: Loan Amount : Offers interest-free loans up to PKR 30 million. Tenure: Up to 5 years, with a grace period of up to 6 months for startups and 3 months for existing businesses. Purpose : Supports new business startups, expansion, modernization, working capital, leasing of commercial logistics, and climate-friendly businesses.  Eligibility Criteria: Age : 21 to 57 years for the Asaan Karobar Card; 25 to 55 years for t...

 New Pension Policy 2024  Understanding the New Pension Rule: By Khizar Muhaddes, CEO, MTCL Associates The recent changes to the pension law bring significant reforms to the way pensions are calculated and distributed. i would like to shed light on the key aspects of these changes, which will impact retirees in the coming years. Here are three main points to understand: Pension Based on the Last 24 Months The revised pension law stipulates that a person's pension will now be based on the average salary or earnings over the last 24 months of service. This change ensures that the pension is more reflective of an individual's final earnings, aligning it with the most recent financial realities. No Double Pensions A crucial shift in the law is the elimination of the entitlement to two pensions, even for married couples. Both partners will receive their respective pensions, but only one pension per person will be granted, ensuring fairness and equity within the system. Increases an...