Pakistan

Restrictions on ineligible persons

Through Finance Act 2025, a new concept of 'eligible person' has been introduced to restrict certain economic transactions for 'ineligible persons'. These restrictions cover activities such as booking, purchasing, or registering motor vehicles, engaging in high-value immovable property transactions, conducting securities transactions, and undertaking certain banking activities. Such transactions are limited to only eligible persons.  

An eligible person is defined as one who has filed a tax return for the previous year and has sufficient resources in the wealth statement or financial statement (at least 130% of declared cash and equivalent assets, including fair market value of gold, net realisable value of stocks, bonds, receivables, or any other cash equivalent asset).

However, there are certain exemptions where the above restrictions are not applicable, such as purchase of specific vehicle types, investment in securities up to notified limits, and dealings by public companies or non-residents.