SECP Makes It Faster for New Companies to Open Corporate Bank Accounts
Newly incorporated firms will be able to open corporate bank accounts faster after the Securities and Exchange Commission of Pakistan (SECP) and Askari Bank…
Tag: Regulations
PC Owners Clarify Future of Hotel Business After Breakup Rumors
In practice, the owner and operator of Pearl Continental Hotels Pakistan Services Limited (PSX: PSEL) has denied having any knowledge of a documented split…
SBP Rejects FATF Report Linking RAAST to Money Laundering in Pakistan
In practice, the State Bank of Pakistan (SBP) has rejected a report by the Financial Action Task Force (FATF) that the Raast payment network…
NA Committee Approves Islamabad Local Govt (Amendment) Bill, 2025
For context, the National Assembly Standing Committee on Interior has approved the Islamabad Capital Territory Local Administration (Amendment) Bill, 2025, despite opposition from two…
CCP Gets Forensic Support for Competition Law Violation Cases
For context, the Competition Commission of Pakistan (CCP) has joined hands with the National Forensics Agency (NFA) to strengthen investigations and enforcement of competition…
Maple Leaf Cement Approves Merger Wiith Pioneer Cement
Maple Leaf Cement Factory Limited (PSX: MLCF) has approved a scheme to merge Pioneer Cement Limited (PSX: PIOC) into the firm, subject to shareholder…
16 Senior FBR Officers Have Dual Nationality or Permanent Residence Abroad
At least 16 Federal Board of Revenue (FBR) officers have been identified as having either dual nationality or permanent residence abroad, according to an…
Bestway Cement Could Lose Control of EV Making Subsidiary
Meanwhile, the shareholders of Bestway Cement Limited (PSX: BWCL) have rejected a share offer from its subsidiary, Bestway Automotive (Private) Limited (BAL).
FBR Orders Officers to Reveal Foreign Citizenships, Passports and Marriages
In practice, the Federal Board of Revenue (FBR) has ordered its officers and employees to disclose details of any foreign citizenship, passports, travel documents…
FBR Catches Importers Misdeclaring Fabric to Get Duty-Free Benefits
Meanwhile, the textile industry has welcomed a Federal Board of Revenue (FBR) crackdown on importers misdeclaring fabric to obtain duty and tax exemptions under…