SECP Strikes Down Illegal Personal Loan Applications
ISLAMABAD: In order to safeguard the public from falling into debt traps of illegal loan apps, the Securities and Exchange Commission of Pakistan (SECP), in coordination with Google, Apple and…
SHC strikes down section 5 of the Income Tax Ord 2001
KARACHI: An appellate bench of High Court (SHC) struck down section 5(A) of the Income Tax Ordinance 2001 for being ultra vires of the Constitution. The bench in its judgment…
Inland Revenue Tribunal strikes down revenue demand against SEPCO
KARACHI: Judical Member Inland Revenue Appellate Tribunal Muhammad Javed Zakaria has struck down the order-in-original served on M/s Sukkur Electric Power Company (SEPCO) demanding payment of Rs12.246 billion outstanding against…
Government revenues to be short of Rs145 billion as SHC strikes down GIDC Act
KARACHI: The government revenues would be short of Rs145 billion as the Sindh High Court (SHC) has struck down Gas Infrastructure Development Cess (GIDC) Act 2015 for being unconstitutional. In…