AOPA Pakistan

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Tax, regulatory and professional updates for the accounting community.

How to Start Your Own Accounting Practice in Pakistan – Complete Guide for Practicing Accountants

How to Start Your Own Accounting Practice in Pakistan – Complete Guide for Practicing Accountants

AOPA Practice Development Guide | For Accountants, Tax Professionals & Future Practice Owners Starting your own accounting practice in Pakistan can be one of the most rewarding career paths for finance professionals. Thousands of small and medium-sized businesses require reliable support for bookkeeping, taxation, payroll, compliance, and financial management. Traditionally, accountants have focused on employment opportunities; however, the modern economy is creating significant opportunities for practicing accountants who want to establish independent firms and provide professional services to businesses. This guide explains the key steps involved in starting, managing, and growing an accounting practice in Pakistan.

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Lahore High Court Sets Aside Punjab Government Notices for PWWF & WPPF Recovery from Trans-Provincial Companies

Lahore High Court Sets Aside Punjab Government Notices for PWWF & WPPF Recovery from Trans-Provincial Companies

The Lahore High Court (LHC) has provided significant relief to companies operating across multiple provinces by setting aside notices issued by the Punjab Government for the recovery of contributions towards the Punjab Workers’ Welfare Fund (PWWF) and Workers’ Profit Participation Fund (WPPF). Justice Shahid Karim allowed petitions filed by M/s Hyundai Nishat Motor (Pvt.) Ltd and other trans-provincial companies, ruling that the recovery notices were contrary to the mechanism already decided by the Council of Common Interests (CCI).

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FBR’s New Banking Rules – Strengthening Transparency, Tax Compliance & Financial Accountability in Pakistan

FBR’s New Banking Rules – Strengthening Transparency, Tax Compliance & Financial Accountability in Pakistan

The Federal Board of Revenue (FBR) has introduced enhanced banking compliance measures aimed at improving financial transparency, strengthening tax documentation, and discouraging undocumented economic activity in Pakistan. These measures focus on better monitoring of financial transactions, verification of funds, and improved record-keeping to support a transparent and accountable financial system.

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FBR Issues SRO 1081(I)/2026 – Additional Electric Vehicles and Parts Added to Tax Exemption List

FBR Issues SRO 1081(I)/2026 – Additional Electric Vehicles and Parts Added to Tax Exemption List

The Federal Board of Revenue (FBR) has issued SRO 1081(I)/2026 dated 06 July 2026, introducing amendments to the Income Tax (Exemption) Order, 2001. The notification updates the list of eligible items enjoying tax exemptions by adding additional categories related to electric vehicles (EVs) and their components. The amendment reflects Pakistan’s continued efforts to promote clean energy, encourage electric mobility, and support investment in environmentally friendly transportation solutions.

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IASB Finalises Amendments to the Fair Value Option for Investments in Associates and Joint Ventures

IASB Finalises Amendments to the Fair Value Option for Investments in Associates and Joint Ventures

The International Accounting Standards Board (IASB) has issued “Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to IAS 28)”, providing important clarification on the application of the fair value option under IAS 28 Investments in Associates and Joint Ventures. The amendments address existing diversity in practice and support a smoother implementation of IFRS 18 Presentation and Disclosure in Financial Statements.

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ATIR Islamabad Annuls Super Tax Default Surcharge for Court-Protected Period | Major Relief for Taxpayers

ATIR Islamabad Annuls Super Tax Default Surcharge for Court-Protected Period | Major Relief for Taxpayers

The Appellate Tribunal Inland Revenue (ATIR) Islamabad has delivered an important ruling providing relief to taxpayers regarding the imposition of default surcharge on Super Tax payments during a court-protected period. According to the order issued in ITA No. 773/IB/2026, a two-member bench of ATIR Islamabad ruled that although the taxpayer was legally required to pay Super Tax under Section 4C of the Income Tax Ordinance, 2001, the imposition of default surcharge under Section 205 for the period covered by judicial protection was not legally sustainable.

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AOPA Pakistan News

Record Company Registrations in Pakistan: AOPA.pk Highlights SECP’s Growth Report

Record Company Registrations in Pakistan: AOPA.pk Highlights SECP’s Growth Report According to the Securities and Exchange Commission of Pakistan (SECP), a record 43,559 new companies were registered during the fiscal year 2025–26, marking a major milestone in Pakistan’s corporate landscape. This surge brings the total number of registered companies to 301,615, showcasing the country’s accelerating business momentum.

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