SECP directed to incorporate amendments in companies bill
July 15, 2021
ISLAMABAD: While deferring the Companies (Amendment) bill 2021, the Senate Standing Committee on Finance & Revenue has directed the Securities & Exchange Commission of Pakistan (SECP) to incorporate
certain changes in the bill and table it before the panel till Monday, The News learnt on Wednesday.
The Senate panel also asked the Federal Board of Revenue (FBR) to submit its report on how many amendments proposed by the Upper House of Parliament into the Finance Bill were incorporated into Finance Act 2021-22.
The committee held its meeting under chairmanship of Senator Talha Mehmood at the Parliament House to discuss Companies (Amendment) Bill 2021.
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A parliamentary panel on Wednesday directed the finance secretary to hold a meeting with all stakeholders to probe why PayPal is not operating in Pakistan. AP/File
ISLAMABAD: A parliamentary panel on Wednesday directed the finance secretary to hold a meeting with all stakeholders to probe why PayPal is not operating in Pakistan.
The panel also recommended that there should be an exemption in custom taxes on import of especially designed mobile phones for visually-impaired people.
A meeting of the Senate Standing Committee on Finance Revenue and Economic Affairs was held at the Parliament House with Senator Talha Mahmood in the chair where the issue was discussed. People are unable to take full advantage of Amazon because PayPal does not operate in Pakistan, committee members pointed out.