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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 […]

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

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

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

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

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

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.

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

The Securities and Exchange Commission of Pakistan (SECP), in its pursuit of end-to-end digitization of regulatory processes, has achieved another milestone with the launch of an online facility for the issuance of digitally certified true copies of statutory returns and mortgage register. The new initiative is in line with the government’s vision of a ‘Digital

In order to facilitate the industries, the State Bank of Pakistan (SBP) has waived off the cash margin restriction on the import of certain items. The SBP has decided to waive the condition of the 100 percent cash margin requirement on the imports of around 11 items while keeping in view the representations of the