Author: adminx

In response to international obligations, particularly under FATF guidelines, Pakistan has reinforced its Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations for banks, insurance companies, and non-banking financial institutions. The past few months have seen significant tightening of Know Your Customer (KYC) and Suspicious Transaction Reporting (STR) requirements....

In the last quarter, several important judicial pronouncements have shaped the corporate and financial landscape of Pakistan. One of the landmark rulings by the Supreme Court of Pakistan related to the interpretation of company directors’ fiduciary duties. The Court emphasized that directors must act in the best interest of shareholders and cannot abuse their positions for personal gain. This...

The Intellectual Property Organization of Pakistan (IPO-Pakistan) has introduced major policy steps aimed at strengthening the protection of intellectual property rights. In the last few months, IPO announced reforms to streamline the trademark and patent registration processes through digitization. These changes significantly reduce processing times and provide applicants with transparent...

In recent months, the Federal Board of Revenue (FBR) has issued multiple directives impacting corporate entities. One significant update relates to the mandatory integration of point-of-sale (POS) systems with FBR’s digital framework, which affects retailers, corporate chains, and service providers. Non-compliance now carries heavy penalties, pushing businesses toward transparency in reporting...

The Securities and Exchange Commission of Pakistan (SECP) has made notable strides in enhancing corporate governance and ease of doing business. In the last quarter, SECP introduced reforms in its digital platform to simplify company incorporation, making it possible for entrepreneurs and investors to register companies online within a few hours. This initiative aligns with global best...

With our recognized leadership in applying legal service and technology innovation. Banking agencies have elevated the importance of the treatment of CSI by emphasizing concerns in enforcement actions and by issuing guidance and rules, but have not provided consistent and coherent definitions and guidance across the...