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All blogs are written independently by each writer .Under no circumstances khilji & co bears responsibility or necessarily agrees with the views of any authors. These blogs also do not constitute provision of legal advice or professional opinion for and on behalf of khilji & co.

Private Company Registration Process in Pakistan

This blog is written by Mr. Muhammad Wasim Roshan. Please read this blog and provide your valued comments Private Company Registration Process in Pakistan THE INCORPORATION PROCESS   The process of incorporating a company in Pakistan is simple, online (offline application process is also available) and take 2 to 3 working days, depending upon the [...]

By | September 24th, 2020|Blog|0 Comments

IAS 16 Property Plant and Equipment

IAS 16 Property Plant and Equipment This blog is written by Mr. Omar Rafeh Chughtai. Please read this blog and provide your valued comments This blog describes IAS 16 , this standard was first issued in 1993. It was re-issued in 2003 and applies to annual periods beginning on or after 1st January 2005. The [...]

By | September 23rd, 2020|Blog|0 Comments

INCENTIVE PACKAGE FOR CONSTRUCTION SECTOR

This blog is written by Mr. Muhammad Rizwan Abbas. Please read this blog and provide your valued comments   INCENTIVE PACKAGE FOR CONSTRUCTION SECTOR   Incentive Package announced by Government of Pakistan for Construction Sector is a ray of hope. Lot of hard work, out of box thinking and persistence by government machinery to continue [...]

By | September 21st, 2020|Blog|0 Comments

Impact of Covid-19 on the Financial Statements and Entity Operation Performance

This blog is written by Mr. Ijaz Ahmed. Please read this blog and provide your valued comments   Impact of COVID-19 on the Financial Statements & Entity Operation Performance   No one imagines the enormousness of COVID-19 impact on personal, professional and business lives but nowadays we are facing bankruptcy, downsizing, shutting down and salaries [...]

By | September 17th, 2020|Blog|0 Comments

Explanation about Advance Tax U/S 147 of ITO, 2001

This blog is written by Mr. Muhammad Nabeel Ahmed. Please read this blog and provide your valued comments Definition of Advance Tax: “Advance tax is nearly a provisional payment of an amount towards due tax. Therefore, it is a supplementary tax collection system, which is finally adjust it in the tax payable of the taxpayer.” [...]

By | September 15th, 2020|Blog|0 Comments

Pandemic Implications On Financial Position

This blog is written by Mr. Awais Mumtaz. Please read this blog and provide your valued comments   Pandemic Implications On Financial Position   In the following blog, prospective implications of following factors are discussed at length:   Property, Plant and Equipment Inventories Provisions and Liabilities Leases Assets held for sale Financial Instruments   Property, [...]

By | September 14th, 2020|Blog|0 Comments

ORDINARY SHARES WITH DIFFERENT CLASSES AND RIGHTS

This blog is written by Mr. Nauman Ul Qadeer. Please read this blog and provide your valued comments   ORDINARY SHARES WITH DIFFERENT CLASSES AND RIGHTS   Every Company having share capital can issue shares with different classes and rights, provided that Classes and Rights are defined in Memorandum and Articles of Association of the [...]

By | September 11th, 2020|Blog|0 Comments

TAXATION OF EXPLORATION & PRODUCTION COMPANIES

This blog is written by Mr. Mohsin Alizai, Please read this blog and provide your valued comments   TAXATION OF EXPLORATION & PRODUCTION COMPANIES   Exploration and Production (E & P) companies operate with the business structure of Joint Venture Operations. One of the JV Partner act as operator while others act as non-operating partners. [...]

By | September 10th, 2020|Blog|0 Comments

MINIMIZING TRADE DEFICIT

This blog is written by Mr. Syed Asim Habib. Please read this blog and provide your valued comments MINIMIZING TRADE DEFICIT It is a fact that Pakistan’s position and performance on the Global Trade Ranking has been disappointingly low. There are many perpetual trade deficits in shape extreme modest export earnings versus colossal import bills. [...]

By | September 9th, 2020|Blog|0 Comments

GROUP RELIEF & GROUP TAXATION

This blog is written by Mr. Hafiz Muhammad Shafaat Ali. Please read this blog and provide your valued comments FBR introduce the concept of group relief through Finance Act 2004 whereby allowing adjustment of losses of a subsidiary company against income of its holding company and after that the FBR also introduced the concept of [...]

By | September 8th, 2020|Blog|0 Comments