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SECP and FBR signs MoU for sharing information – Alfalah Securities Limited

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by March 16, 2012 Brokerage

Karachi: The Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) have signed a Memorandum of Understanding (MoU) to share information for the documentation of economy, broadening of tax base and forming a mutual consensus for the development of policies for Non‐banking financial sector, insurance companies and capital markets.

According to Alfalah Securities Limited, the SECP would discuss its budget proposals with the FBR next week and also wants the national tax exchequer to reduce the corporate tax rate for entities from the existing level to promote listings and investment at the stock exchange. The SECP and FBR have collaborated to establish a framework for sharing information to cater common regulatory issues and also for providing an environment for businesses to grow and prosper in the long run.


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