KARACHI: Errors in the online system of the Federal Board of Revenue (FBR) are denying applications for processing the change of status from the association of persons (AOPs) to non-profit organization (NPO) or a trust. To resolve the issue, the Pakistan Tax Bar Association (PTBA) wrote a letter on December 3, 2021 to the FBR … Read more
The Securities and Exchange Commission of Pakistan (SECP) has issued revised and more elaborative Anti Money Laundering and Counter Financial Terrorism (AML/CFT) Guidelines for Non-Profit Organizations (NPOs). The new guidelines explicitly highlights the consequences of money laundering, terrorist financing, predicate crimes and other abuses on the NPO sector. According to spokesman of SECP, The AML/CFT … Read more
Mr. Zarak Khan, President Pakistan China Joint Chamber of Commerce and Industry has said that, China, being the world’s largest consumer market for gems and jewelry has a vast scope for export of Pakistan’s gems and jewelry products. It was stated by him while addressing a meeting of PCJCCI’s Export Promotion Committee today at chamber … Read more
