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Tag Archives: Lahore High Court

SC orders LHC to start proceedings against Gen Kayani, others

ISLAMABAD: Chief Justice Mian Saqib Nisar has directed the Lahore High Court registrar to fix a case regarding the alleged involvement of former army chief Ashfaq Parvez Kayani and others in closing down a “legally established” medical store depot, and manufacturing, procuring and supplying substandard and spurious medicines to 27 Combined Military Hospitals (CMH). The order was issued on a ... Read More »

LHC postpones hearing against luxury tax until Feb 9

LAHORE: The Lahore High Court (LHC) has adjourned hearing against luxury tax until February 9. The Punjab government had imposed the luxury tax on two or more than two kanal houses in various areas. Several citizens took stay orders against the government’s decision from the LHC. Earlier, as many as 70 applications were filed in the Lahore High Court against ... Read More »

500,000 tax dodgers: LHC grants FBR access to any person’s account

LAHORE: The Lahore High Court (LHC) has granted Federal Board of Revenue (FBR) direct access to any person’s account in the country after rejecting petitions of various banks, which have challenged the authorisation given to FBR by the federal government. LHC judge Justice Ijazul Ahsan announced a detailed verdict of 30 pages. The banks through their counsels stated that FBR’s ... Read More »

0.5 million tax dodgers: LHC grants FBR access to any person’s account

LAHORE: The Lahore High Court (LHC) has granted Federal Board of Revenue (FBR) direct access to any person’s account in the country after rejecting petitions of various banks, which have challenged the authorisation given to FBR by the federal government. LHC judge Justice Ijazul Ahsan announced a detailed verdict of 30 pages. The banks through their counsels stated that FBR’s ... Read More »

LHC adjourns luxury tax case till Dec 4

LAHORE: The Lahore High Court has adjourned the case against luxury tax till December 4, 2014. In the last hearing on 20 November, Excise and Taxation Department lawyers and the Punjab chief secretary sought more time to submit their replies against applications of stay orders on luxury tax. The court has now extended the stay order and adjourned the case ... Read More »

TCS, Smart Zone smuggling case: Collector Seema receives seizure, contravention reports

  ISLAMABAD: The Directorate General of Customs Intelligence and Investigation Rawalpindi has submitted seizure and contravention reports before Adjudication Collector Seema Raza Bukhari in the TCS and Smart Zone smuggling case. After getting the reports, the adjudication collector has issued show-cause notices to TCS and Smart Zone Company. They have been ordered to give their viewpoint in the court of ... Read More »

 LHC adjourns luxury tax case until 20th

LAHORE: The Lahore High Court has adjourned hearing against luxury tax until 20 November. The Punjab government has imposed a luxury tax on two or more than two kanal houses in various areas.Several citizens took stay order against the tax and the LHC is hearing the case. As many as 70 applications have been filed in the Lahore High Court against the luxury ... Read More »

LHC issues stay order against luxury tax

LAHORE: The Lahore High Court issued a stay order on three more applications against luxury tax and issued notices to the Chief Secretary and the Secretary Excise. The LHC asked parties to reply until November 10. The Lahore High Court has already has issued a stay order on luxury tax that was imposed by Punjab Government in 2013 Financial Bill. The ... Read More »

Power ministry increases electricity tariff by Rs1.5 per unit in garb of equalisation surcharge

ISLAMABAD: In a bid to befool the poor masses, the government threw another electricity bomb on power consumers by imposing another equalisation surcharge at an average rate of Rs1.5 per unit to appease IMF, it was learnt. The new surcharge will be imposed on consumers of all electricity distribution companies, except K-Electric, with retrospective effect from October 1 that would ... Read More »

LHC extends luxury tax stay order

LAHORE: The Lahore High Court on Wednesday extended the stay order regarding luxury tax on houses with more than two kanals of land. The LHC again issued a notice to the Punjab government to submit reply regarding application lodged against the imposition of luxury tax. Applicant Zain Shahzad’s lawyers took stance that the Punjab government could not collect dual property taxes. On the other ... Read More »

LHC rejects bail plea of TCS official and Smart Zone CEO

ISLAMABAD: The Lahore High Court Rawalpindi bench on Tuesday rejected bail plea of TCS regional manager logistics Ghazanfar Gul and Smart Zone’s CEO Shakirullah in a smuggling case. Soon after the court rejected their bail pleas, Deputy Director Directorate General Intelligence and Investigation Shahid Jaan arrested them and presented in the court of the customs special judge. The court gave ... Read More »

LHC issues stay order on luxury tax

LAHORE: The Lahore High Court has issued injunction or stay order regarding the imposition of luxury tax on big houses. Lahore High Court Justice Shams Mahmood Mirza has restricted the government to collect the luxury tax on the houses which are above two canals area. On hearing the application filed by a local citizen Zain Shahzad, the court asked the ... Read More »

Govt seeks parliament nod to give market access to India

ISLAMABAD: The federal government has decided to forward Non-Discriminatory Market Access (NDMA) – a term coined after Most Favoured Nation (MFN) status for India, to parliament for approval to normalise trade ties with India. The decision was taken after lack of understanding between inner opposition and stakeholders. As per details, the government is waiting for end to sit-ins so that ... Read More »

Multan Customs clears major coal technology consignments in August

MULTAN: Multan Appraisement Principal Appraiser Mahmood Ahmad Khan has said that the Multan Dry Port authorities have cleared the major consignments of the coal power plant in August to help government end energy crisis. He said that Kot Addu Power Plant Company (KAPCO) is an independent power plant company, which generates electric power and going to install new coal power ... Read More »

In the hope of future

The foreign missions situated in the Red Zone have been closed down for five days owing to volatile situation in the area while no party seems to be in a mood to accommodate the other in the current political spectrum. In this scenario one wonders where Pakistan will stand in 2050 predicted by Jim O’Neill, a British economist, that the ... Read More »

Economy in the dock

Through their contradictory statements, the government ministers have been repeatedly warning the nation about billions of rupees losses to the national exchequer since Imran Khan, chief of the Pakistan Tehreek-e-Insaf, and Dr Tahirul Qadri, chief of the Pakistan Awami Tehreek started their marches and sit-ins in the twin cities of Islamabad and Rawalpindi. Khurram Dastgir, the federal commerce minister, puts ... Read More »

LHC issues stay order against tax notice to Minhaj

LAHORE: The Lahore High Court (LHC) issued stay order against Rs700 million tax notice to Minhajul Quran International issued by Federal Board of Revenue (FBR) and restrained it from recovery of taxes from welfare organization. As per reports, Minhajul Quran had filed an application in LHC, demanding that MuQ is a welfare organization; therefore, it was given exemption from paying ... Read More »

Minhajul Quran petition against FBR notices disposed of by LHC

LAHORE: The Lahore High Court has disposed of a petition filed by Minhajul Quran challenging the audit notice by the Federal Board of Revenue (FBR). The single bench comprising Justice Abid Aziz Sheikh was hearing the matter. Earlier, the petitioner submitted to court that Minhajul Quran was a welfare organization therefore has exemption from tax. He was of the view ... Read More »

Chinese delegation visits LCCI President

LAHORE: A two member Chinese delegation led by Vice Chairman Sub Council of Chinese Chemical Industry Ma Chunyan called on LCCI President Engineer Sohail Lashari and briefed him about CAC Pakistan Summit and Pak-China Agro Chemical Expo scheduled from August 5-6 at Lahore Expo Center. LCCI Senior Vice President Mian Tariq Misbah and Coordinator of the exhibition Jawed Salim Qureshi ... Read More »

FBR to tighten the noose around Swiss depositors

ISLAMABAD: Federal Board of Revenue has decided to tighten the noose around Pakistanis having black money in Swiss banks and to retrieve money back into Pakistan. The FBR acting Chairman Shahid Hussain Asad told Customs Today that a team of FBR experts will visit Switzerland 24th of this month to pursue Pakistan’s efforts to recover untaxed billions of dollars of ... Read More »