Chairman Federal Board of Revenue inaugurated the head office of Pakistan Single Window (PSW) Company in Islamabad. On the occasion, Chairman FBR lauded the efforts of Pakistan Customs to roll out the Pakistan Singe Window (PSW) System almost a year before its deadline of June 2022 set under the World Trade Organization’s Trade Facilitation Agreement. …
An agreement was signed between Pakistan Stock Exchange (PSX) and 1LINK to launch the new payment and registration system by PSX. This new payment and registration system will support digitally transforming the Initial Public Offering (IPO) process through an E-IPO system. The E-IPO system will electronically connect investors, share registrars with brokers/TRE Certificate holders, banks …
PSX Signs Agreement with 1LINK 1BILL to Launch E-IPO System Read More »
With the foremost aim to support entrepreneurship and improve the business climate for small businesses, particularly startups and potential investors, SECP issued a circular explicitly allowing private companies to raise capital by receiving immovable property, intangible assets, and services from investors. SECP also clarified that private companies could raise funds from investors other than their …
The Federal Board of Revenue (FBR) has been barred from initiating proceedings against legally valid declaration under the Foreign Exchange Regulation Act, 1947, Protection of Economic Reforms Act, 1992, and the Anti-Money Laundering Act, 2010 (section XII-A of the Schedule) with respect to assets, income or expenditure declared under the amnesty scheme of Voluntary Declaration …
FBR Barred From Initiating Proceedings Against Amnesty Scheme Declarants Read More »
Dr. Reza Baqir, Governor State Bank of Pakistan, and the relevant stakeholders discussed the cross-cutting issues pertaining to the National Database and Registration Authority (NADRA), Pakistan Telecommunication Authority (PTA), and Federal Board of Revenue (FBR). The attendees suggested the formation of working groups to address specific issues related to taxation in digital financial services, integration …
Issues in PTA, NADRA And FBR Should be Fixed to Promote a Digital Financial Ecosystem Read More »
The Federal Board of Revenue (FBR) has released a list of 988 projects registered with the FBR to avail tax amnesty scheme under the Prime Minister’s incentive package for the construction sector. The FBR has uploaded the names and complete addresses of the 988 individuals, companies, and firms registered under section 100D of the Income …
The government has promulgated the Tax Laws (Second Amendment) Ordinance, 2021, to withdraw 76 corporate income tax exemptions and allow tax credit facility to many sectors from March 24, 2021. Officials told Propakistani that the government has also given exemption of sales tax on auto-disable syringes and raw materials used in the manufacturing of such …
The Securities and Exchange Commission of Pakistan (SECP) Chairman, Aamir Khan, reiterated SECP’s commitment to outcome-based regulation by reducing regulatory burden, simplification of laws, and optimal use of technology. He was addressing a virtual interactive session with the representatives of Pakistan Business Council (PBC) led by its CEO Ehsan Malik. The SECP Chairman briefed the …
SECP Aims at Facilitating Corporate Sector by Reducing Regulatory Burden Read More »