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FBR to cut WHT rate for sales tax registered fertiliser dealers

President promulgates amended Insolvency and Bankruptcy Code for MSMEs

Economy > Government policies 08 April 2021 The President on Sunday promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, giving effect to the cabinet approval for amendments in the Insolvency and Bankruptcy Code, 2016 (Code), through an ordinance. The amendments aim to provide an efficient alternative insolvency resolution framework for corporate persons classified as micro, small and medium enterprises (MSMEs) under the Code, for ensuring quicker, cost-effective and value maximising outcomes for all the stakeholders, in a manner which is least disruptive to the continuity of MSMEs’ businesses and which preserves jobs.  The initiative is based on a trust model and the amendments honour the honest MSME owners by trying to ensure that the resolution happens and the company remains with them.

President Kovind promulgates Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021

President Kovind promulgates Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 ANI | Updated: Apr 07, 2021 19:51 IST New Delhi [India], April 7 (ANI): PresidentRam Nath Kovind promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 on Sunday, a statement issued by the Ministry of Corporate Affairs informed on Wednesday. According to the statement, the cabinet had approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 (Code), through the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 on March 31. The amendments aims to provide an efficient alternative insolvency resolution framework for corporate persons classified as micro, small and medium enterprises (MSMEs) under the Code, for ensuring quicker, cost-effective and value maximising outcomes for all the stakeholders, in a manner which is least disruptive to the continuity of MSMEs businesses and which preserves jobs. The

FBR urged to restore tax exemption for inter-corporate dividends

FBR urged to restore tax exemption for inter-corporate dividends
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

Electoral reforms: Govt offers opposition to join parliamentary committee

April 2, 2021 ISLAMABAD: The government on Thursday made a formal offer to the opposition on the floor of the National Assembly for constitution of a parliamentary committee on electoral reforms. Minister of State for Parliamentary Affairs Ali Muhammad Khan moved a motion in the House, authorizing the speaker to constitute a parliamentary committee on electoral reforms comprising members from both government and opposition benches. The members from the main opposition parties, including the PML-N and the PPP immediately opposed the move as they said the opposition parties have not been consulted on the issue. PML-N parliamentarian Khurram Dastgir said the objective is to take on rigging in polls at the state level and the opposition be consulted before initiating any move.

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