- Success has known due to the vision of economic reforms of the PM Shehbaz.
- RS11.5 billion RS won due to the decision of the High Court of Lahore.
- The Prime Minister welcomes the efforts of the Ministry of Law, an economic team.
In a major boost to the government short of money, the prescription for the stay of residence permit by the High Court of Lahore (LHC) in cases concerning the bank income tax of the banks led to an advantage of RS11.5 billion in the national chessboard.
While on this account, overall, in a month, the national treasure accumulated a financial advantage of 34.5 billion rupees, according to a press release published by the Ministry of Law.
This success was obtained due to the vision of the economic reforms of Prime Minister Shehbaz Sharif and the improvement of the performance of the Federal Board of Revenue (FBR), he added.
The Prime Minister had taken note of the suspension order on affairs related to the tax on banking banking income under the 2023 finance law and asked the Minister of Law, Minister of Finance, Attorney General and FBR President to constitute the best team to contest these cases.
Last month, due to the team’s efforts, 23 billion rupees were first recovered after the Sindh High Court Verdicts and now 11.5 billion rupees were drawn from the High Court of Lahore.
The Prime Minister appreciated the efforts of the Minister of Law and Judge Azam Nazeer Tarar, the Minister of Finance Muhammad Aurangzeb, the Attorney General Mansoor Awan, the president of the FBR, Arshad Mehmood Langrial, the secretary finance Imdad Bosal and their team.
The Prime Minister said that the Ministers of Law and Finance and the Prosecutor General team made the historic realization possible with their hard work.
He said that because of these creative and solid stages, tax collection could be increased and that there would be hope for a better economy.
A substantial amount of Rs 34.5 billion was deposited in the national treasury and this money could now be spent on health, education and well-being projects, he added.
He said that with the grace of Allah, all-powerful Pakistan would soon become self-sufficient with this kind of step.