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News Others April 14, 2014

SECP launches online payment facility for stakeholders

Date: April 11, 2014

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is pleased to
announce the launch of online payment facility for its stakeholders.

An arrangement has been made with MCB Bank Limited whereby MCB customers can make
payments to SECP through MCB’s internet banking facility.

Now customers with accounts of MCB bank can make payments to SECP through online funds
transfer facility without the hassle of visiting a bank or the SECP offices.

Online filers of SECP can submit their documents through eServices and generate challan for
payment, as per previous practice.

News Others April 14, 2014

Import of 993 items from Sri Lanka: FBR announces tariff concessions

Date: April 12, 2014

The Federal Board of Revenue (FBR) announces tariff concessions on the import of 993 items
from Sri Lanka under Free Trade Agreement (FTA). In this regard, the FBR superseded SRO
570(I)/2005 dated June 6, 2005, through SRO 280(I)/2014 issued here on Friday.

According to the notification, the Federal Government exempts import to Pakistan from Sri
Lanka, if made in conformity with the “rules of Determination of Origin of Goods under the Free
Trade Agreement between Pakistan and Sri Lanka (Pakistan-Sri Lanka FTA Rules of Origin)”
and the operating “Certification Procedure for the Rules of Origin”, notified by the Ministry of
Commerce. The goods falling under the respective Heading and sub-Heading numbers of the
First Schedule of the Customs Act has been exempted from so much of the customs-duty, as in
excess of the rates specified in the SRO.

News Others March 29, 2014

FBR Verifying Exemption Certificates

Date: March 29, 2014

The Federal Board of Revenue is verifying authenticity of thousands of exemption certificates
used for clearance of imported consignments without payment of withholding tax during July 1,
2013 – January 2014. The FBR issued instructions to field formations here on Friday. The FBR
has launched verification of exemption certificates on national level based on discrepancies
detected in the certificates issued by RTO Faisalabad.