On 15 August 2017, the Pakistan Cabinet approved the ratification of the pending income tax treaty with Hong Kong. The treaty, signed 17 February 2017, is the first of its kind between the two jurisdictions ({News-2017-02-22/T/4-previous coverage}). It will enter into force once the ratification instruments are exchanged, and will apply in Hong Kong from 1 April of the year following its entry into force and in Pakistan from 1 July next following its entry into force.