BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)

ISLAMABAD: Islamabad High Court (IHC) has given orders in favour of the Federal Board of Revenue (FBR) allowing tax recovery to the tune of Rs36.14 billion in three big cases during last week.

Details released by the Ministry of Finance on Monday revealed that in a significant legal breakthrough, the FBR has secured court decisions in its favour involving cases worth Rs36.14 billion, following strict directives from Prime Minister Shehbaz Sharif.

Through improvement in tax recovery procedures, the FBR has been able to get decisions in favour of the FBR. These cases to the tune of trillions are pending in High Courts and major bottleneck in tax recovery proceedings against the taxpayers.

Law promulgated for sudden tax recovery

The IHC last week ruled in favour of FBR in multiple long-pending cases, including three major tax disputes.

The Ministry of Finance stated that the most important among them was the case against Bahria Town (Pvt) Ltd, where the court upheld a recovery of Rs26.446 billion in favour of the FBR. This particular case had been pending in appellate forums since last over two and a half years.

Two other corporate cases, collectively valued at Rs9.7 billion, were also decided in favour of the tax authority.

The success follows a comprehensive legal strategy implemented under the prime minister’s instructions to resolve long-standing litigations that had locked up trillions of rupees in revenue. These legal wins are being hailed as a testament to the government’s commitment to economic reforms and effective revenue collection.

According to the Ministry of Finance, these developments mark a major milestone in unblocking stalled revenue and reflect the FBR’s improved legal capacity under enhanced governmental oversight.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.

Farrukh Mahmood Jun 05, 2025 01:02am
This is a g8 news.
0