The Impact of Pakistani Customs Law on Foreign Dealings
As per the amendment by the Prevention of Smuggling Ordinance 1977 Ch. VI, the Customs Act 1969 unites and amends levy and custom duty collection laws. This act calls back three acts: a) The Sea Customs Act 1878, b) Land Customs Act 1924, and c) Inland Bonded Warehouse Act 1896. Under this act, the Central…
Read MoreFAQs related to PPRA
Q. What is the minimum time frame to respond to procurement advertisements? A. In conformity with the terms stated in the Public Procurement Rule 2004 rule 13, the minimum time frame is not less than 15 days for the purpose of competitive national bidding and 30-day time period for the purpose of competitive international bidding.…
Read MoreLaws of Business Formation in Pakistan
Partnership A partnership is the most common form of business formation in Pakistan. Typically, in most businesses, the mode of partnership is formed where there is a need for flexibility in organizational structures and relationship formality between partners. In Pakistan, there is no mandatory obligation to register partnership business; however, there are a few…
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