Business & Industry

n order to check tax evasion by multinational companies, the Federal Board of Revenue (FBR) has enforced from April 1, 2021, multinational convention to implement “tax treaty-related measures to prevent base erosion and profit shifting” to prevent artificially shifting of profits by companies from Pakistan to non-taxation or reduced taxation jurisdictions or countries. The FBR …

FBR to Introduce Strict Measures to Stop Tax Evasion by Multinational Companies Read More »

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. …

Pakistan Single Window Company Inaugurated Read More »

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 …

SECP Issues Circular Enabling Startups to Raise Capital Against Property and Other Assets Read More »

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 »

In line with the Government of Pakistan’s initiative for the development of the housing and construction sector, the State Bank of Pakistan (SBP) has been taking various regulatory steps to enhance banks/DFIs participation through their financing in the development of these sectors. To boost activities in these sectors, the SBP has now made changes to …

SBP Reforms Regulations to Promote Real Estate Investment Trusts to Boost Housing and Construction Sector Read More »