В Пакистане создали спецслужбу для регистрации сталелитейных компаний под новые налоговые правила

The Securities and Exchange Commission of Pakistan (SECP) has introduced special facilitation measures to help steel sector businesses convert into registered companies after new tax laws made incorporation necessary to qualify for preferential tax treatment. The regulator has established a dedicated facilitation desk on the directions of Minister of State for Finance Bilal Azhar Kayani, with SECP Chairman Dr. Kabir Ahmed Sidhu overseeing the initiative. The desk will assist steel businesses with company incorporation and ensure faster processing of conversion applications. Under the Finance Act, 2026, the federal government amended the Second Schedule of the Income Tax Ordinance, 2001, making company registration a requirement for steel businesses seeking certain tax incentives. As a result, steel mills operating as Associations of Persons (AOPs) or other unincorporated entities will face a higher tax burden than SECP registered companies. The Pakistan Association of Large Steel Producers (PALSP) approached the SECP after the amendments, seeking guidance on converting steel sector AOPs into companies. According to the SECP, company incorporation is conducted entirely through a digital process that includes user registration, name reservation, submission of a digitally signed application, and payment of the prescribed fee. The regulator said companies can be incorporated within four hours, provided all required documents are complete. The SECP currently incorporates more than 3,500 companies every month and, in collaboration with the Federal Board of Revenue (FBR), will hold an awareness webinar on July 8 to guide steel businesses through the conversion process under the new tax regime. Stay Connected with ProPakistani Get the latest business news, market insights, and economic updates wherever you prefer. Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.