Non-resident companies: FBR issues separate procedures/conditions
The Federal Board of Revenue (FBR) has made it mandatory for non-resident companies (having no Permanent Establishment in Pakistan) to be registered to provide tax registration or incorporation document from relevant regulatory authorities of the foreign country.
Wheeling of electricity: Nepra approves regulations
National Electric Power Regulatory Authority (Nepra) has approved regulations for wheeling of electricity aimed at improving and opening up power sector and promote competition.
Excessive tax deducted from non-filers: law may be amended to allow adjustment
To practically facilitate the non-filers and encourage documentation, Section 169 of the Income Tax Ordinance, 2001 has been proposed to be amended through Finance Bill 2016 to allow adjustment of excessive tax deducted from non-filers.
Sitara Energy Wins Landmark Appeal Against FESCO After 7-Year Legal Battle
In a significant victory, Sitara Energy Limited successfully challenged FESCO's claim, potentially reopening the dispute for a fresh review. The NEPRA Appellate Tribunal ruled in favour of Sitara, overturning NEPRA's flawed tariff decision, and ordered a new evaluation within four months.
Expert witness in the Cayman Islands K-Electric dispute
Our Managing Partner Bilal Shaukat served as an expert witness on Pakistan law in the Cayman Islands Court for a case related to K-Electric, providing written opinion and testimony.
Pakistan Chapter of the Chambers Corporate M&A Guide 2023
RIAA Barker Gillette authored the Pakistan Chapter from the recently published Chambers Corporate M&A Guide 2023, which comprehensively examines the country's mergers and acquisitions legal framework, providing key insights for legal and finance professionals engaged in Pakistan's complex M&A landscape. The chapter covers key regulations, processes, due diligence practices, takeover laws, duties of directors, litigation trends and shareholder activism applicable to domestic and cross-border M&A transactions involving Pakistani companies.
RIAA Barker Gillette authored the Pakistan Chapter of the Chambers Practice Guide on the law and regulation applicable to technology, media and telecommunications (TMT). It covers key topics including regulation of the digital economy, cloud computing, broadcast media, telecom systems, electronic signatures and digital identity.
