BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)

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