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BREAKING: 🚨

🇵🇰 Pakistan’s Virtual Assets Regulatory Authority (PVARA) has officially issued NOCs to Binance and HTX, allowing both exchanges to begin the regulatory onboarding process in the country.

This means:
• They can start formal engagement with Pakistani regulators
• Begin AML/FMU registration
• Prepare applications for full VASP licences once the framework is finalized

A major step toward regulated crypto adoption in Pakistan.

*FBR Clarification*: FBR has received complaints from taxpayers who recently received SMS asking them to file their income tax returns before 30 September, 2025 deadline. It is clarified that FBR has not authorised issuance of these messages.
On further inquiry, PTA has informed that these messages have been transmitted inadvertently due to a technical glitch on part of telecom service providers.
FBR is actively looking into the matter & PTA has been requested to engage with relevant telecom service providers to ensure timely resolution of the issue. FBR is always available for esteemed taxpayers for any assistance and remains committed to facilitating them.

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Innovate Business Solution is your go-to partner for all accounting and tax matters. We provide innovative, convenient, and time-saving solutions tailored for the digital era.

Our comprehensive services include:

Tax Services: Income Tax, Sales Tax, and Trademark Registration, along with Return Filing, Planning, and Compliance.

Business Registration: Company Registration with SECP, Chamber of Commerce, and Import/Export License Registration.

Financial Services: Accounting & Financial Management and Business Tax Solutions.

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The Federal Board of Revenue (FBR) has issued a draft Insurance Guarantee Format for exporters under the Export Facilitation Scheme.

In this regard, the FBR has issued the Draft Insurance Guarantee Format under Export Facilitation Rules notified vide SRO 957(I)/2021 dated 30.07.2021.

Read More:
https://www.brecorder.com/news/40393919/exporters-fbr-issues-draft-insurance-guarantee-format