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It means every company that is registered in Pakistan either it is a private company or a public company. The Ordinance also provides legal protection and regulates the business community of Pakistan, with the SECP keeping a close check on financial and corporate entities to insure stakeholder’s interest. [2]
The Corporate sector of Pakistan (otherwise attributed as the Corporatization; or/ simply referred to as the Pakistan Inc.) is an elite business sector expanded in financial cities of Pakistan, and a policy measure programme in the economic period of Pakistan.
The Securities and Exchange Commission of Pakistan (SECP) (Urdu: سیکیورٹیز اینڈ ایکسچینج کمیشن آف پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient corporate sector and a capital ...
Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations .
The law of Pakistan is the law and legal system existing in the Islamic Republic of Pakistan. Pakistani law is based upon the legal system of British India ; thus ultimately on the common law of England and Wales .
Imran Ahsan Khan Nyazee (عمران احسن خان نیازی; born 25 October 1945, Pakistan) is a Pakistani legal scholar. Who taught at the International Islamic University Islamabad. His Theories of Islamic Law [ 1 ] has been described as laying the foundations for a 'new (Islamic) jurisprudence'.
Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export of IT services is taxed at reduced rate of 0.25% in registered with PSEB, Pakistan Software Export Board. [5]
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