UPaisa App simplifies cashless transactions: Another step towards the vision for Digital Pakistan

Islamabad: To accelerate the pace of digitization in Pakistan and make the transition to cashless payments swift for customers, UPaisa has launched a new mobile application. With a simple and user-friendly interface, the UPaisa app allows its users to avail multiple financial services through one platform. For Android and IOS… Continue reading

Government simplifies withholding tax regime

KARACHI: To augment efforts towards simplification of the withholding tax regime, the government has deleted several withholding tax provisions including collection collection of advance tax on education related expenses remitted abroad; tax on steel melters and composite units; withdrawal of balance under pension fund; tax on local purchase of cooking… Continue reading

SECP simplifies licensing regime to promote capital formation

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has simplifies the licensing regime for capital market intermediaries through amending the regulations regulating Underwriter, Bankers, and Securities and Futures advisors. The new licensing regimes for will provide more conducive regulatory environment and encourage more participation of financial institutions in capital… Continue reading

FBR simplifies procedure for sales tax registration

KARACHI: The Federal Board of Revenue (FBR) through amendments in Sales Tax Rules, 2006 has relaxed the procedure of sales tax registration. FBR has relaxed the condition of computerized submission of sales tax registration, and now on persons and businesses intending for registration may submit the application along with original… Continue reading