Latest news with #Rs36bn
Business Recorder
a day ago
- Business
- Business Recorder
FBR recovers Rs600bn as IHC vacates stay orders in 270 cases
ISLAMABAD: In the last few months, the Islamabad High Court (IHC) has vacated stay orders in 270 tax-related cases that had incapacitated Federal Board of Revenue (FBR) to recover more than Rs600 billion. These 270 tax-related cases were pending in the IHC for over two decades. According to the details, three IHC division benches decided these tax-related matters. The division bench of Justice Mohammad Azam Khan and Justice Raja Inaam Ameen Minhas decided an overwhelming majority of 173 of tax cases involving Rs424bn. Another IHC bench comprising Justice Babar Sattar and Justice Sardar Ejaz Ishaq Khan cleared 94 cases in which over Rs150bn recoveries were stalled. A bench comprising acting IHC Chief Justice Sardar Mohammad Sarfraz Dogar and Justice Raja Inaam Ameen Minhas lifted the stay orders and decided three petitions that had in 2023 restrained the FBR to collect Rs36bn. A two-member division bench comprising Justice Mohammad Azam Khan and Justice Raja Inaam Ameen Minhas decided 125 cases related to Income Tax References, Sales Tax References and Foreign Exchange Regulations Act. The government's recoverable Rs290.51bn were stuck in 125 cases related to ITR. 36 STR cases involved recovery of Rs131.55bn while Rs3.16bn were recoverable in 12 cases related to FERA. In February this year the Prime Minister met with Chief Justice of Pakistan (CJP) Yahya Afridi to discuss the agenda of the upcoming meeting of the National Judicial Policy Making Committee. During the meeting, the Prime Minister requested the CJP for expeditious disposal of tax-related cases. The IMF Governance and Diagnostic Assessment teams visited Pakistan to examine the governance structure of several ministries related to fiscal policy, tax policy, corruption, procurement, audits, and anti-money laundering. The NJPMC also advised for swift disposal of the tax-related matters, in its meeting held in April, asking the high courts to constitute special benches for expeditious disposal of tax-related cases. Following NJPMC's advice and directions issued by the apex court in the tax matters, the IHC Judicial Registrar put up a note before the acting CJ for consolidation of all the matters. Copyright Business Recorder, 2025
Express Tribune
13-03-2025
- Politics
- Express Tribune
Taimur Jhagra takes legal action against Marwat for false allegations
Listen to article Pakistan Tehreek-e-Insaf (PTI) leader Taimur Saleem Khan Jhagra has issued a defamation notice to former party member Sher Afzal Marwat, demanding Rs1bn in damages for alleged false accusations. The legal notice, delivered through Jhagra's representatives, comes after Marwat made allegations of financial misconduct during two televised talk shows on March 11, 2025. Marwat accused Jhagra of embezzling Rs36bn from the pension fund and purchasing properties in Hayatabad and Islamabad using illicit funds. Jhagra's legal counsel, Advocate Ali Gohar Durrani, strongly rejected the allegations, describing them as baseless, malicious, and defamatory. The notice further claimed that the accusations were made with the intent to damage Jhagra's social and professional reputation, stressing that the statements lacked any factual basis and violated Pakistan's Defamation Ordinance, 2002. The notice demands that Marwat cease and desist from further defamatory remarks, issue a public apology through TV channels and social media platforms, retract his statements, clarify the misinformation publicly, and pay Rs1 billion in compensation for the reputational and professional damages caused by his claims. Failure to comply with these demands within 14 days will result in civil and criminal proceedings, the notice warns. This legal action comes amid growing tensions within PTI. Last month, PTI founder Imran Khan, currently incarcerated, ordered Marwat's expulsion from the party for violating party discipline. This decision followed Marwat's controversial remarks at a rally in Swabi, where he criticised alleged election rigging and claimed that 'bad people' like him had been helpful during difficult times, while 'good people' had remained silent. Khan expressed his displeasure with Marwat's statements and directed party leadership to terminate his membership. Marwat, in turn, responded to his expulsion by asserting that his unwavering support for PTI during challenging times had been ignored and that his voice had not been heard before his removal.
