The Federal Government on 14 February 2023 issued two SROs followed by presenting  the Finance (Supplementary) Bill, 2023 (“The Bill”) in both the Houses the very next day. 

 Salient features of the two SROs and the amendments proposed in the Bill are stated in the document below. It is recommended that while considering the application of these  measures to any case, reference be made to the specific wordings of the amendments and the relevant statutes as they apply to the facts of the case. 

The proposed amendments shall come into force on the next day of assent given to the  Act by the President of Islamic Republic of Pakistan.