Law on Large Import Houses

Pakistan Business Council was part of a joint taskforce with FBR that measures to promote retail and wholesale trade in the formal sector. The Law on Large Import Houses amends Section 148, requiring large import houses to maintain paid up capital of Rs. 250 M instead of Rs. 100 M, and total assets of Rs. 350M instead of Rs. 100M at the close of the tax year to qualify for non-deduction of tax under section 148.