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Tag Archives: Supreme Court

Supreme Court hears case on NAB’s voluntary return rules

ISLAMABAD: A Supreme Court bench on Thursday heard a case on the voluntary return rules of the National Accountability Bureau (NAB). Three-member bench headed by Justice Sheikh Azmat Saeed heard the case. Justice Azmat Saeed observed during the hearing that one of the questions to be decided is whether to discuss the previous decisions or not and another issue is ... Read More »

Maersk sales tax mega scam: Appeal to SC to take legal action for recovery of looted amount

KARACHI: Pakistan’s biggest ever fraud of sales tax is unearthed where Maersk shipping line has evaded billions of rupees sales tax in terms of services provided to its local clients whereby the Centre for Investigative Journalism (CIJ) appealed to the Supreme Court of Pakistan to intervene and investigate connivance of Maersk and Sindh Revenue Board in the alleged mega scandal. ... Read More »

SECP chairman’s appointment challenged in NAB court

ISLAMABAD: An application has been filed with the National Accountability Bureau (NAB) against the appointment of Shaukat Hussain Abbasi as chairman of the Securities and Exchange Commission of Pakistan (SECP). The application filed by advocate Nawaz Kharal challenged the appointment, claiming it was illegal, without jurisdiction, based on favouritism, nepotism, violation of transparency, level playing field and deviation from the ... Read More »

NAB summons Shehbaz today in Saaf Pani case

LAHORE: Shehbaz Sharif, President of Pakistan Muslim League Nawaz (PML-N) and former chief minister Punjab, has been summoned by the National Accountability Bureau (NAB) in the Saaf Pani Project scam today. The NAB Lahore has asked Shehbaz Sharif to be part of the investigations in the case. Before that,a questioner was given to Shehbaz related to the investigations in the ... Read More »

SC directs NAB to probe MD PSO’s appointment

ISLAMABAD: The Supreme Court on Saturday summoned National Accountability Bureau (NAB) to probe into the matter regarding the appointment of Managing Director (MD) of Pakistan State Oil (PSO). Chief Justice of Pakistan Justice Mian Saqib Nisar ordered the NAB to also inform the court of its probe into Liquefied Natural Gas (LNG). While observing the irregularities of the government, CJP ... Read More »

PIAF welcomes Rs10b relief through cut in oil prices

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Shiekh has appreciated the caretaker government for reducing the prices of petroleum products by lowering the general sales tax on directives of the Supreme Court of Pakistan (SC). While issuing a press statement along with Senior Vice Chairman Tanvir A Sufi and Vice Chairman Shahzeb Akram, PIAF chairman said ... Read More »

NAB court rejects petition to transfer Al-Azizia reference

ISLAMABAD: The accountability court hearing corruption cases against former prime minister Nawaz Sharif and his family on Thursday rejected a petition to transfer the Al-Azizia corruption reference to another judge. As the hearing resumed, Nawaz’s lawyer Khawaja Haris and the National Accountability Bureau (NAB) prosecutor Sardar Muzaffar Abbasi appeared in the court. The prosecution asked for more time to present ... Read More »

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 »

Money-laundering case: SC bars FIA from summoning Zardari, Faryal Talpur

ISLAMABAD: The Supreme Court on Thursday directed the Federal Investigation Agency (FIA) to temporarily halt its investigation against former president Asif Ali Zardari and sister Faryal Talpur till July 25 in the fake bank accounts case. A two-member bench of the apex court, headed by Chief Justice of Pakistan (CJP) Mian Saqib Nisar, resumed hearing of a suo motu case ... Read More »

Interior secretary directed to bring back Ishaq Dar immediately

ISLAMABAD: The Supreme Court on Thursday directed the interior secretary to take steps to bring back former finance minister Ishaq Dar to the country on an urgent basis. “Is Dar present today?” Chief Justice of Pakistan (CJP) Mian Saqib Nisar asked the interior secretary as he headed a three-judge bench of the apex court. The bench was hearing a suo ... Read More »

SC declares donations for construction of dams tax-free

ISLAMABAD: The Supreme Court has maintained that the contributions made to the Diamer-Bhasha and Mohmand Dams Fund would not be liable to any tax/duty whatsoever. A four-member bench passed the written orders while hearing the case regarding construction of the two dams and contribution in a fund being established for the purpose. The top court had emphasized the urgent need ... Read More »

Money taken abroad through corruption, legal means: DG FIA tells SC

ISLAMABAD: Director General (DG) Federal Investigation Agency (FIA) Bashir Memon informed the Supreme Court that 4,221 Pakistanis have foreign bank accounts and assets in the United Arab Emirates (UAE). The revelation came as Chief Justice of Pakistan (CJP) Mian Saqib Nisar, while heading a two-judge bench, remarked, “FIA should inform us how many Pakistanis have assets and accounts in the ... Read More »

Member FBR says undeclared assets can hardly benefit people

MULTAN: Federal Board of Revenue’s (FBR) Member Accounting Faheemul Haq has said that experience and observation showed that assets that were kept hidden or undeclared or benami property could hardly benefit the people. The FBR Member said this while giving a briefing on tax amnesty scheme and responding questions raised by representatives of Chamber of Small Traders and Industry, Tax ... Read More »

650MW supply accord: Minister rules out extension in agreement with K-Electric

ISLAMABAD: For what he described is failure to honour commitment regarding increasing its generation capacity, Minister of State for Water and Power Abid Sher Ali ruled out granting any extension to the 650 megawatt supply agreement with K-Electric. The agreement is set to be expired on Jan 26. Talking the media after inauguration of 132-kilovolt grid station of the Islamabad ... Read More »

New gas pricing mechanism: Sindh up to move apex court against Centre

KARACHI: Sindh Chief Minister Syed Qaim Ali Shah while presiding over a high level meeting directed the officials concerned to challenge the federal government’s decision regarding introduction of new pricing mechanism for natural gas in the Supreme Court. It is to be noted that the Economic Coordination Committee (ECC) of the federal cabinet had approved a pricing mechanism for gas ... Read More »

Delaware’s Supreme Court gives go-ahead to C&J merger with Nabors unit

HOUSTON: C&J Energy Services Incorporation with a unit of Nabors Industries Limited, merger between oilfield services provider can proceed, Delaware’s Supreme Court ruled on Friday. The court overturned an injunction from a lower court that said C&J should have sought more bids before agreeing to the $2.86 billion cash and stock deal in June. A retirement fund for employees of ... Read More »

SC acquits Minister Abid Sher’s brother of corruption, power abuse charges

ISLAMABAD: Setting aside the conviction of State Minister Abid Sher Ali’s brother Amir Sher Ali, the Supreme Court has acquitted him of the charges of corruption, power abuse and embezzlement of public money. Headed by Justice Ijaz Ahmed Chaudhry, a three-member SC bench made the decision after hearing both the sides. Earlier, the law officers appeared in the court and ... Read More »

Railways revenue target hiked from Rs28 billion to Rs31 billion: Saad

LAHORE: Railways Minister Khawaja Saad Rafique has revealed that 70 locomotives would be dedicated for freight sector of Pakistan Railways before the end of fiscal year 2014-15. He also said that the PR revenue target had been increased from Rs28 billion to Rs31 billion while the expenditures decreased from Rs65 billion to Rs62.5 billion. Railways minister Khawaja Saad Rafique made ... Read More »

Sales Tax (Amendment) Ordinance promulgated to avoid SC order

ISLAMABAD: On the recommendations of the Finance Ministry, the government promulgated Sales Tax (Amendment) Ordinance 2014 in March this year to avoid implementation of the Supreme Court order. The said amendment ordinance amended sub-section (2) of section 3 B of the Sales Tax Act 1990. An official source at Finance Ministry told this scribe here the other day that as ... Read More »

CNG Association urges govt to abolish gas cess

ISLAMABAD: The All Pakistan CNG Association (APCNGA) on Thursday said Gas Infrastructure Development Cess (GIDC) was an oppressive, illegal and unconstitutional tax which should be abolished immediately. The Supreme Court has already declared GIDC as illegal, not consistent with the constitutional and against the basic rights, said Pervaiz Khan Khattak, Central Chairman APCNGA. In a statement, he said that following ... Read More »