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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]
Taxation in Pakistan is a complex system of more than 70 unique taxes administered by at least 37 agencies of the Government of Pakistan. [1] According to the FBR, in 2021, the number of registered tax filers had grown to 7.1 million out of which only 2.5 million were active tax filers. [ 2 ]
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 ...
Established as the Central Board of Revenue on 1 April 1924 through enactment of the "Central Board of Revenue Act, 1924".In 1944, the CBR was put under the Revenue Division with the Ministry of Finance until 1960, when on the recommendations of the "Administrative Reorganization Committee", the CBR was made into a division of the Ministry of Finance.
The SECP encourages and facilitates corporatisation of all businesses so that the corporate sector contributes towards the economic development of the country. [1] As of 2005, the Board of Investment estimates that there were 43,965 corporate enterprises registered in Pakistan as detailed below:
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion. [11]
Pakistan Mobile Number Portability Database (Guarantee) Limited (PMD) was incorporated in 2005 under the Companies Ordinance, 1984 after the launch of MNP in Pakistan pursuant to the ‘Mobile Number Portability Regulations, 2005’ under S.R.O 763 (2005). Pakistan is the first country in South Asia to implement Mobile Number Portability. [3]
vehicle register (such as those for motor vehicles, rolling stock, boat or ships, or aircraft) — includes entries containing data on vehicle identification number, vehicle registration plate number, vehicle title, type approval, vehicle inspections, liability insurance, as well as vehicle liens, such as maritime liens, and which sometimes may ...