Introduction Compliance is the backbone of corporate governance in Pakistan. From small private companies to large public listed firms, all entities registered under the Companies Act, 2017, and regulated by bodies such as the Securities and Exchange Com
Introduction Company inspections play a pivotal role in ensuring that businesses operate with integrity, transparency, and accountability. In Pakistan, the Securities and Exchange Commission of Pakistan (SECP) is the primary regulatory body responsible f
Introduction In a significant move to enhance transparency and provide insights into Pakistan's Islamic financial sector, the Securities and Exchange Commission of Pakistan (SECP) has published its inaugural Islamic Finance Bulletin for the financial yea
Introduction Running a business in Pakistan involves more than just company registration and filing annual returns. To stay legally compliant and avoid penalties, companies must meet a range of miscellaneous legal requirements set by various regulatory a
Introduction In Pakistan’s ever-evolving corporate regulatory environment, compliance requirements are critical for ensuring transparency, governance, and lawful operations. Among the many obligations imposed under the Companies Act, 2017, two significan
Introduction In an era where financial crimes are becoming increasingly sophisticated, collaborative efforts between regulatory bodies are paramount. Recognizing this, the Federal Board of Revenue (FBR) and the Financial Monitoring Unit (FMU) of Pakistan
Introduction In Pakistan, not all registered companies maintain active business operations. Whether due to a temporary pause, strategic restructuring, or financial constraints, some companies opt to halt operations without undergoing formal winding-up. F
The Inter-Ministerial Committee (IMC), led by Caretaker Finance Minister Dr. Shamshad Akhtar, continued its deliberations on Thursday regarding the restructuring of the Federal Board of Revenue (FBR). The committee aims to finalize a revised summary for s
The Federal Board of Revenue (FBR) is implementing a comprehensive strategy to enhance tax revenue collection in Pakistan. This approach encompasses several key initiatives: 1. Digitalization and Technological Advancements The FBR has established the Tr
Introduction In Pakistan's regulatory framework, various forms are required to be filed with the Securities and Exchange Commission of Pakistan (SECP) to ensure transparency, statutory compliance, and accurate corporate recordkeeping. One such important