Over 6000 companies registered with FBR through one-window facility

October 20, 2018 Off By Web Desk

More than six thousand companies have been incorporated with Securities and Exchange Commission of Pakistan and automatically registered with Federal Board of Revenue through the introduction of One Window Facility launched earlier this year.

The facility launched in March this year by the FBR in collaboration with SECP seeks to provide ease of doing business.

The initiative is not only to facilitate the taxpayers but also a part of Doing Business Reforms agenda which will help to enhance the indexing of the Country.

Once a company is incorporated with SECP, the credentials of incorporated company and its directors are automatically sent to FBR’s system which verifies the data and allot National Tax Number to the company.

It also registers the directors of the company. A confirmation message having login credentials is sent from FBR to SECP as well as Principal Officer of the company and its directors.

Source: Radio Pakistan