---
title: "Foreign investors seek clarity on FBR exemption certificate process for share registrations"
description: "Most outlets reported that foreign investors are urging the Federal Board of Revenue (FBR) to streamline and clarify the exemption certificate process for registering foreign-held shares in Pakistan. They highlighted the demand for a time-bound procedure and clarification on the retrospective application of Rule 19H, noting that delays are affecting State Bank of Pakistan (SBP) registration. Coverage was consistent in framing the issue as a bureaucratic hurdle impacting foreign investment."
url: https://harzaviya.com/stories/13391-foreign-investors-urge-fbr-to-remove-tax-certification
site: HarZaviya
language: en
---

# Foreign investors seek clarity on FBR exemption certificate process for share registrations

business · updated 9 Oct 2026, 11:53 AM PKT · 9 Oct 2026 · 2 articles from 2 outlets

**HarZaviya summary** — how 2 outlets covered this, generated automatically from their headlines and excerpts:

> Most outlets reported that foreign investors are urging the Federal Board of Revenue (FBR) to streamline and clarify the exemption certificate process for registering foreign-held shares in Pakistan. They highlighted the demand for a time-bound procedure and clarification on the retrospective application of Rule 19H, noting that delays are affecting State Bank of Pakistan (SBP) registration. Coverage was consistent in framing the issue as a bureaucratic hurdle impacting foreign investment.

## Same story from 2 outlets

Each outlet's own headline, most recent first — read any at its source.

- **Profit** — [Foreign investors urge FBR to remove tax certification hurdles delaying share registrations in Pakistan](https://profit.pakistantoday.com.pk/2026/10/09/foreign-investors-urge-fbr-to-remove-tax-certification-hurdles-delaying-share-registrations-in-pakistan) · 9 Oct 2026, 11:53 AM PKT
  > Investors demand time-bound exemption certificates and clarification on retrospective application of Rule 19H as delays affect SBP registration of foreign-held shares
- **Business Recorder** — [Share transfers: Foreign investors seeking clarity on FBR exemption certificates](https://www.brecorder.com/news/40443379/share-transfers-foreign-investors-seeking-clarity-on-fbr-exemption-certificates) · 9 Oct 2026, 6:39 AM PKT · 86% identical wording to the newest filing
  > ISLAMABAD: Foreign investors have strongly emphasised the need for a streamlined and time-bound exemption certificate process for foreign investors seeking registration of foreign-held shares acquisitions in Pakistan and cross-border share transactions involving Pakistani assets. The Federal Board of Revenue (FBR) should immediately issue necessary clarification to remove apprehensions of the f...

2 articles from 2 outlets, 9 Oct 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text.

---

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