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NEWS & EVENTS
| SECP
has reduced registration FEE for online process
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The Securities
and Exchange Commission of Pakistan (SECP)
has introduced online company registration
in order to promote a hassle-free
and paperless system.
The News has learnt that the SECP has
issued an SRO 119 (I)/2009
for company’s registration fee for
submission of documents both online and
physically. In order to promote a paperless
system, the SECP has fixed about half
of the registration fee for online process
in every category.
The SECP notified registration fee of
Rs2,500 for online submission of documents
for a company with nominal share capital
up to Rs100,000. In case the nominal share
capital crosses Rs100,000, Rs100 to Rs500
would be added to the fee. more...
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NIFT & SNGPL Signed an Agreement
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NIFT and Sui
Northern Gas Pipeline Ltd. (SNGPL) signed
an agreement for Utility Bill Payment Processing
& Reconciliation. Contract signing ceremony
was held at Sui Northern Gas Pipeline Ltd.(SNGPL)
Mr. A. Rashid Lone, Managing
Director SNGPL
Mr.
M. M. Khan, Chief Executive NIFT
signed the Contract.
Mr. Aamir Tufail, CFO SNGPL
Mr. Vaqar Nisar, CIO SNGPL
Mr. Sagheerul Hasan, GM Billing SNGPL
Mr. Faisal Iqbal GM Finance SNGPL
were also present at the Contract signing
ceremony. |
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'DIRECT DEBIT FACILITY'
Electronic Filers of Returns, FBR, NIFT
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The Federal Board
of Revenue (FBR) has extended "direct
debit facility" to the electronic filers
of returns to deposit taxes into the National
Bank of Pakistan (NBP) electronically.
The board has launched this new innovative
service which would allow users of FBR 'internet
portal' to pay taxes electronically. Salient
features of the scheme revealed that it
would be available to taxpayers, who are
using FBR
e-portal.
Sources said that the board has also linked
e-filing data with the NBP database for
implementation of the scheme. The security
of the payment transactions is being facilitated
by digital signature certificates issued
by the
NIFT Digital
Certificate Authority, PKI (Public Key Infrastructure).
The new system has placed Pakistan at par
with the advanced countries where direct
debit facilities and digital certificates
are commonly used by the taxpayers. The
PKI digital certificates provide guarantee,
authentication and non-repudiation of transactions
as envisioned in Pakistan's ETO 2002. |
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Opening of New Clearing
Centers
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NIFT proudly
announces opening of its new clearing centres
in Bahawalpur, D.I.Khan, Sukkur and Muzaffarabad
extending its coverage to fifteen major
cities of Pakistan namely:
Karachi,
Lahore, Islamabad, Rawalpindi, Multan, Faisalabad,
Peshawar, Quetta, Hyderabad, Gujranwala,
Sialkot, Bahawalpur, D.I.Khan, Sukkur, Muzaffarabad,
Jhelum, Sahiwal and Sargodha.
By setting up two more centres in Sukkur
and Muzaffarabad , NIFT has completed its
Nation-wide
Clearing Grid. |
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SECP, NIFT sign pact for e-Services
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The Security and
Exchange Commission of Pakistan (SECP)
and National Institutional Facilitation
Technologies (NIFT) signed
an agreement for 25000 Digital Certificates
to enable the e-services initiative for
the corporate sector in Pakistan.
Through e-services all companies will be
able to communicate electronically over
the internet with the SECP with complete
confidentiality, authentication and non-repudiation,
using digital signatures generated through
digital certificates issued by NIFT |
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NIFT Enabling E-filing for
CBR in Pakistan: |
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Central Board
of Revenue (CBR) Government
of Pakistan in Agreement with NIFT has authorized
NIFT to issue class 2 digital certificate
having 1024-bit key length
to stake holders of Central Board of Revenue
for electronically communicating with CBR
for the purpose of e-Filing of Returns for
Income Tax and Sales Tax presently." |
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NIFT and Microsoft
sign agreement,
to bring powerful new security solutions
to Pakistan.
more... |
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