Repatriation of Capital from Pakistan: Practical Barriers under SBP regulations Author: Hamza Hayat For foreign investors seeking to invest in Pakistan the ability to repatriate profits efficiently is perhaps as critical as the decision to invest itself. Unlike the jurisdictions of United States or United Kingdom which, notwithstanding tax and corporate compliance, effectively exert no...Read More

Court Convicts Former AVP for Insider Trading: Landmark Judgment Reinforces Market Integrity   The Special Court has found Zakir Hussain Somji, former Assistant Vice President (AVP) of Investments at a private bank, guilty of insider trading in violation of Section 128 of the Securities Act, 2015. The conviction follows a comprehensive SECP investigation triggered by...Read More

Sales Tax on Legal Services declared unconstitutional Lahore High Court has struck down the imposition of sales tax on services on legal practitioners by the Punjab Revenue Authority for being unlawful and unconstitutional. The court declared that legal practitioners as defined under the Legal Practitioners Act do not come within ambit and purview of the...Read More