Author: Sadia Rashid

March 20, 2021 Launching

Why Do You Need To Incorporate Your Startup in Pakistan?

A very common question that is asked from legal advisors by startup owners in Pakistan is “why do I need to incorporate my startup?”. This question arises because there are other existing legal structures available like Sole Proprietorship or Limited Liability Company (LLC) etc. and the owners find themselves with a multitude of options that are difficult to choose from.

March 15, 2021 Ecosystem

IT Industry Denounces Proposed Tax Credit Scheme.

The Federal Board of Revenue (FBR) recently submitted a bill to the National Assembly secretariat proposing amendments to withdraw around 36 tax exemptions including withdrawal of income tax exemption on the export of IT & IT enabled services, and its replacement with a Tax Credit Scheme.

March 8, 2021 Ecosystem

Pakistan Innovation Roadshow: Boosting Tech Ecosystem of the Country

Pakistan’s startup ecosystem is maturing, says a McKinsey’s report. 3G/4G connections in the country have increased four-fold over the last three years, which marks a high level of connectivity in the country. With a surge in teledensity in recent times and a promising younger population of the country, the environment seems only promising for startups. Another factor to consider is the increased purchasing power of Pakistan’s middle class population.