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Technological transformation has changed global commerce. Online market places with maximum traffic and consumer bases have become giants because of their consumer-centric approach to the delivery of services. Global connectivity with major markets is possible for small and medium-sized enterprises (SMEs) through a seller’s registration program. Amazon will soon open the sellers’ registration of Pakistani …

Amazon to Open Seller’s Registration for Pakistani Companies Soon Read More »

The Federal Board of Revenue (FBR) has exempted customs duty on the import of three types of cotton yarn up to June 30, 2021.   In this connection, the FBR has issued an S.R.O. 533(I)/2021 on Thursday. Under the notification, the federal government has exempted the whole of customs duties leviable on import of cotton …

FBR Exempts Customs Duty on Import of Cotton Read More »

In a major development in the e-commerce sector for Pakistan, US-based e-commerce giant Amazon has added Pakistan to its approved seller list. The south asian country has reportedly received approval from Amazon to register Pakistan in the verified seller list while an updated countries list will be issued on the officials portal in the next …

Pakistan added to Amazon Sellers’ List Read More »

Process Simplification, facilitation of the public, and the digitalization of incorporation processes have led to an extraordinary growth of 186 percent in the incorporation of new companies in April 2021. The Securities and Exchange Commission of Pakistan (SECP) registered 2,185 new companies in April 2021, which is 186 percent higher than the same month last …

Digitalization Results in 186% Growth in Incorporation of New Companies: SECP Read More »

The Auditor General of Pakistan (AGP) has strongly recommended the Federal Board of Revenue (FBR) to ensure that customs duty drawback should not be more than the actual duty paid by the exporter. The latest audit report of the AGP on customs duty drawback for 2011 issued to the FBR revealed that timely issuance of …

AGP Recommends FBR to Ensure Customs Duty Drawback Should Not be More Than Actual Duty Paid Read More »

Various commercial banks have extended financing of around Rs. 36 billion for 521 projects producing approximately 850 MW electricity under Financing Scheme for Renewable Energy, said Governor State Bank of Pakistan (SBP) Dr. Reza Baqir in a webinar. Dr. Baqir stated that Pakistan faces challenges as a result of climate change and adopting prevention strategies …

521 Solar Projects Launched Under SBP’s Schemes Read More »

The government will renegotiate the conditions of the hiking of the power tariff and the raising of tax revenues with the International Monetary Fund (IMF). This was stated by the new Minister for Finance, Shaukat Tarin, during his first address at a meeting of the National Assembly Standing Committee on Finance at the Parliament House. …

Govt to Renegotiate New Taxes and Electricity Tariffs With IMF Read More »

All provinces have been asked by the Drug Regulatory Authority of Pakistan (DRAP) to make sure doctors prescribe medicines with their generic names in the public and private sectors. DRAP gave the instructions after public complaints on the PM’s citizens’ portal against pharmaceutical companies and doctors’ collusion to rip off people through prescription and sale …

Pakistan’s Doctors To Prescribe Medicine With Generic Based Not On Brands: DRAP Read More »