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Sohail Sarfraz

Markets

SECP to launch 'STR' for lending to SMEs

To enable Small and Medium Enterprises (SMEs) to secure credit from financial institutions, the Securities and Exchange Commission of Pakistan (SECP) is all set to launch Secured Transaction Registry (STR) on national level.
Published 10 Mar, 2020 12:00am
Markets

SECP introduces Developmental Infrastructure REIT Scheme concept

The Securities and Exchange Commission of Pakistan (SECP) has introduced the concept of Developmental Infrastructure REIT Scheme established for investment in infrastructure real estate with the object of development and construction of infrastructure rea
Published 10 Mar, 2020 12:00am
Print

Over Rs 29 billion sales tax refunds paid under FASTER system

The Federal Board of Revenue (FBR) has paid over Rs 29 billion sales tax refunds under the Fully Automated Sales Tax e-Refund (FASTER) system after processing 4606 cases, reflecting around 88 percent of total refund claims processed under the system.
Published 09 Mar, 2020 12:00am
Print

Electrolytic tinplate: IHC grants stay against NTC order

The Islamabad High Court (IHC) has granted stay against the National Tariff Commission (NTC) order for imposition of anti-dumping duties on the alleged dumped import of electrolytic tinplate into Pakistan. In this regard, the IHC has directed the NTC to m
Published 07 Mar, 2020 12:00am
Print

SECP makes some changes in independent auditor's report

The Securities and Exchange Commission of Pakistan (SECP) has made some changes in the "independent auditor's report" to be submitted by the companies. The SECP Friday notified SRO 141 (I)/2020 to issue draft amendments in the Auditors (Reporting Obligati
Published 07 Mar, 2020 12:00am
Markets

SECP's efforts help improve EODB environment

The Securities and Exchange Commission of Pakistan (SECP)'s new reform initiatives, fee reductions, simplification of laws, corporate rehabilitation and e-services have improved the ease of doing business environment for new and existing companies, which
Published 07 Mar, 2020 12:00am
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Anti-Benami directorate general restrained

The Islamabad High Court (IHC) has restrained the Federal Board of Revenue (FBR's) Anti-Benami Directorate General from proceeding against the properties acquired before the promulgation of the Benami Transactions (Prohibition) Act, 2017.
Published 06 Mar, 2020 12:00am
Print

FBR arm unearths Rs 2 billion Benami properties case

The Federal Board of Revenue (FBR) Anti-Benami Zone Islamabad has unearthed a mega case of Benami properties of over 3,000 kanals of land involving value of land to the tune of Rs 2 billion. This is for the first time that the FBR's Anti-Benami Zone Islam
Published 05 Mar, 2020 12:00am
Print

ECAP agrees to provide suspected customers' records to FBR

The Exchange Companies Association of Pakistan (ECAP) Tuesday assured the tax authorities of the Federal Board of Revenue (FBR) that record/details of their suspected customers would be provided to the FBR in cases of inquiry. The ECAP took up three major
Published 04 Mar, 2020 12:00am
Print

Used vehicles: FBR suffers Rs 22 billion revenue loss

The Federal Board of Revenue (FBR) has suffered massive revenue loss of Rs 22 billion from low tax collection on the import of old and used vehicles during July-January (2019-20) due to change in import policy for secondhand cars.
Published 04 Mar, 2020 12:00am
Markets

SECP receives highest number of complaints

The Securities and Exchange Commission of Pakistan (SECP) has received highest number of complaints relating to the registration of new companies, insurance sector, e-services and corporate supervision including transfer of shares during 2019-20.
Published 02 Mar, 2020 12:00am
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Companies file 151 appeals against SECP orders

Companies have filed 151 appeals against the orders/actions of the Securities and Exchange Commission of Pakistan (SECP) with the SECP Appellate Bench during 2018-19. According to the SECP data, the appellate bench is a quasi-judicial appellate body of th
Updated 01 Mar, 2020 04:59am
Print

Appeals against FBR: SECP expects favourable outcome

The management of the Securities and Exchange Commission of Pakistan (SECP) expects favourable outcome of the appeals filed with various judicial fora against the tax department and the Federal Board of Revenue (FBR) pertaining to the tax matters of the p
Updated 01 Mar, 2020 04:59am
Print

Rs 10.161 billion fresh capital listed on PSX in FY19: SECP

New capital of Rs10.161 billion has been listed on the Pakistan Stock Exchange (PSX) as compared to Rs5.015 billion in 2017-2018. According to the Annual Report (2019) issued by the Securities and Exchange Commission of Pakistan (SECP) Friday, fiscal year
Published 29 Feb, 2020 12:00am