ADVERTISEMENT
Saturday, July 26, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

SECP proposes amendments to insurance regulatory framework for recording of advance tax.

News Desk
November 7, 2023
Insurance Sector
Share on FacebookShare on Twitter
Advertisements

ISLAMABAD, Nov 7: The Securities and Exchange Commission of Pakistan (SECP), to provide the manner of recording advance advance/withholding tax in the books of life insurance companies as well as management of investment in government securities by life insurance companies, has proposed amendments in the regulatory framework for insurance companies.

The SRO 1514(I)/2023 and SRO 1516(I)/2023, proposing amendments to the Insurance Rules, 2017 and the Insurance Accounting Regulations, 2017, respectively, have been placed on SECP’s website.

Advertisements

As per the existing framework, life insurance companies are required to hold a specified percentage of government securities against the advance/withholding tax, which has an impact on the liquidity position of insurance companies. The proposed amendments aim to ease the burden on life insurance companies though withdrawal of the requirements of holding a specified percentage of government securities against the advance/withholding tax and bring standardization to the procedure for recording advance /withholding tax.

All stakeholders and other interested parties may submit their feedback and suggestions within thirty days of the issuance of SROs at jibran.paracha@secp.gov.pk or talal.usmani@secp.gov.pk .

The proposed amendments can be seen at https://www.secp.gov.pk/document/s-r-o-1514i-2023-amendments-in-insurance-rules-2017-treatment-of-advance-tax/?wpdmdl=49580&refresh=6549d18d2186e1699336589 and https://www.secp.gov.pk/document/s-r-o-1516i-2023-amendments-in-insurance-accounting-regulations-2017-treatment-of-advance-tax/?wpdmdl=49581&refresh=6549d18d1a1fc1699336589.

Advertisements
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

UNSC adopts Pakistan-sponsored resolution for peaceful conflict settlement
ARTICLES

UNSC adopts Pakistan-sponsored resolution for peaceful conflict settlement

July 25, 2025
MG Motors and Bank Alfalah Launches a ‘Freedom Package’ with an Instant Vehicle Delivery and Auto Financing
Business

MG Motors and Bank Alfalah Launches a ‘Freedom Package’ with an Instant Vehicle Delivery and Auto Financing

July 25, 2025
The ombudsman Secretariat shall sign the M.O.U with Pakistan Red Crescent Sindh for the Humanitarian Assistance to the Most Vulnerable in Sindh.
Headline

The ombudsman Secretariat shall sign the M.O.U with Pakistan Red Crescent Sindh for the Humanitarian Assistance to the Most Vulnerable in Sindh.

July 24, 2025
11th ISEM Solar Exhibition 2025 Opens at Expo Center Karachi
Headline

11th ISEM Solar Exhibition 2025 Opens at Expo Center Karachi

July 24, 2025
SHCC decided to take action against unregistered Healthcare Establishments Board of Commissioners approved PKR 15 million penalty against 224 quacks
Headline

SHCC decided to take action against unregistered Healthcare Establishments Board of Commissioners approved PKR 15 million penalty against 224 quacks

July 24, 2025
Altaf Hussain Discharged from London Hospital After Recovering from Serious Illness
Headline

Altaf Hussain Discharged from London Hospital After Recovering from Serious Illness

July 24, 2025
Pak pharma sector has limitless potential in Africa.
Headline

Pakistan’s Pharmaceutical Exports Surge 34%, Marking Highest Growth in Two Decades

July 24, 2025
How to Watch the UEFA Women’s Euro 2025 Final Live Online — Free Streaming Options
Headline

How to Watch the UEFA Women’s Euro 2025 Final Live Online — Free Streaming Options

July 24, 2025
Karachi Couple Caught Distributing Fake Currency in Abbottabad; Rs136,000 in Counterfeit Notes Seized
Headline

Karachi Couple Caught Distributing Fake Currency in Abbottabad; Rs136,000 in Counterfeit Notes Seized

July 24, 2025
Punjab to Launch E-Taxi Scheme in August — Special Quota for Women Drivers
Headline

Punjab to Launch E-Taxi Scheme in August — Special Quota for Women Drivers

July 24, 2025
Next Post
Saudia Group New Brand Prioritizes Growth, Expansion and Localisation.

Saudia Group New Brand Prioritizes Growth, Expansion and Localisation.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

PM Youth Laptop Scheme 2025: HEC Releases Merit List – Check Your Eligibility Online Now!

Improving Pakistan’s Response to Gender-Based Violence – A discussion on implementation of the Anti-Rape Act 2021.

Yinyleon & her husband most viewed amateurs 2022 on adult site.

Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene across 1 million rural households, backed by the UK Government

Mehwish Salman Ali Elected President of CxO Global Forum USA Chapter

Must Read

World’s oldest person Tomiko Itooka dies at 116 in Japan
Headline

World’s oldest person Tomiko Itooka dies at 116 in Japan

January 4, 2025
Hum Style Awards is set to raise the bar in their third year
Headline

Hum Style Awards is set to raise the bar in their third year

August 3, 2018
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.