Blog & Legal Updates

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Transfer Pricing Compliance: Aligning SBP Foreign Exchange Data with FBR Country-by-Country Reporting

The Compliance Paradox: SBP vs. FBR For multinational enterprises operating in Pakistan, the intersection of State Bank...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

OECD Pillar Two: What Pakistan’s Adoption Means for Multinational Enterprises

The Global Minimum Tax Context The OECD/G20 Base Erosion and Profit Shifting (BEPS) Pillar Two framework represents the...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Freelancer Remittance Tax Exemption: Compliance with PSEB and FBR Requirements

The Current Regulatory Framework for IT Exports For freelancers and IT service providers in Pakistan, the tax landscape...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

SBP Circular No. 10 of 2026: Compliance Framework for Banks Serving Crypto-Related Entities

The Regulatory Shift: Understanding SBP Circular No. 10 of 2026 The issuance of SBP Circular No. 10 of 2026 marks a pivo...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Foreign Currency Accounts and Wealth Statements: Navigating Section 116 Obligations

The Statutory Obligation under Section 116 Under the Income Tax Ordinance (ITO), 2001, specifically Section 116, every r...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Section 101 Pakistan-Sourced Income: SBP Remittance Data and FBR Risk Profiling

Understanding the Nexus: Section 101 and Foreign Remittances For non-residents and businesses operating internationally,...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Roshan Digital Account: Navigating Tax Exemptions, Repatriation, and FBR Compliance

The Legal Framework of Roshan Digital Accounts The Roshan Digital Account (RDA) was introduced to facilitate Non-Residen...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

SBP Authorized Dealer Obligations: Navigating AML Gatekeeper Liability

The Evolving Role of Authorized Dealers in AML Compliance In Pakistan, commercial banks acting as Authorized Dealers (AD...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Foreign Exchange Manual Chapter 20: Remittances and FBR Scrutiny of Offshore Payments

The Intersection of SBP Regulations and FBR Compliance For companies operating in Pakistan, Chapter 20 of the State Bank...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Legal Arrangements and TF Risk: Navigating AML/CFT Compliance for Trusts in Pakistan

The Evolving Compliance Landscape for Trusts In the wake of Pakistan’s heightened focus on Anti-Money Laundering (AML) a...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Trust Beneficial Ownership: Waqf, Private Trusts, and AML Reporting — A Gap in Pakistani Law

The Compliance Blind Spot: Beneficial Ownership in Trusts For decades, the Waqf and the Private Trust have served as pil...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Unmasking Ownership: The SECP and FBR Crackdown on Shell Companies and Nominee Shareholders

The Shift Towards TransparencyIn the wake of FATF monitoring and the subsequent strengthening of Anti-Money Laundering (...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

SECP UBO Compliance: Managing Penalties and FBR Data Cross-Referencing

The Mandatory Nature of UBO Disclosure Under the Companies Act, 2017, and the Companies (Compliance with Enforcement of...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Beneficial Ownership Register: SECP Section 123A and FATF R.24 Compliance

The Shift Toward Corporate Transparency in Pakistan The introduction of Section 123A of the Companies Act, 2017, represe...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

De-Listing Wrongly Sanctioned Persons: Procedures via Ministry of Interior and UN Ombudsperson

The Impact of Erroneous Sanctions in Pakistan Being erroneously included on a sanction list—whether domestic or internat...

Read Full Article

Legal Insights

07

Jun 2026

Shuffle Image

Jun 07, 2026 • 5 min read

Asset Freezing Without Notice: Due Process and High Court Intervention

The Constitutional Mandate of Due ProcessThe practice of freezing bank accounts by tax authorities—often conducted witho...

Read Full Article

Legal Insights

06

Jun 2026

Shuffle Image

Jun 06, 2026 • 5 min read

Proliferation Financing (PF) Compliance: Navigating Pakistan’s Regulatory Obligations

The Shift in Corporate ComplianceProliferation Financing (PF) has moved to the forefront of Pakistan’s regulatory landsc...

Read Full Article

Legal Insights

06

Jun 2026

Shuffle Image

Jun 06, 2026 • 5 min read

NACTA Proscribed List Compliance: A Mandatory Framework for DNFBPs in Pakistan

The Imperative of Proscribed List Compliance For businesses in Pakistan, particularly Designated Non-Financial Businesse...

Read Full Article

Legal Insights

06

Jun 2026

Shuffle Image

Jun 06, 2026 • 5 min read

UN Consolidated Sanctions List Screening: Understanding the 'Without Delay' Freeze Obligation for Pakistani Entities

In today's interconnected global economy, businesses operating in Pakistan, from sole proprietorships to large corporati...

Read Full Article

Legal Insights

06

Jun 2026

Shuffle Image

Jun 06, 2026 • 5 min read

Hawala and Hundi Networks: AML Obligations and FBR Enforcement Drive 2025

The 2025 Regulatory LandscapeThe Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) have intensified th...

Read Full Article

Legal Insights

06

Jun 2026

Shuffle Image

Jun 06, 2026 • 5 min read

Money Laundering Prosecution Statistics in Pakistan: The Reality of Conviction Rates and FATF Compliance

The Prosecution Gap in Pakistan's AML Framework For business owners and corporate stakeholders in Pakistan, the disparit...

Read Full Article