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Federal govt files contempt of court plea against Imran Khan in SC

It has pleaded in the petition that despite the court's orders, Imran Khan directed his party workers to reach D-Chowk in Islamabad.

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Federal govt files contempt of court plea against Imran Khan in SC
GNN Media: Representational Photo

Islamabad: The Federal government has filed a petition in the Supreme Court for registering contempt of court case against Pakistan Tehreek-e-Insaf (PTI) Chairman, Imran Khan.

According to details, the SC accepted the plea for a hearing and formed a larger bench to look into the matter.

It has pleaded in the petition that despite the court's orders, Imran Khan directed his party workers to reach D-Chowk in Islamabad.

The five-member larger bench will hear the petition at 11:30 am today.

 

Regional

PRA collects Rs168 bln in FY22, surpasses revised target of Rs165.5 bln

According to the spokesperson, the authority become the first provincial revenue collecting agency in the country to cross the psychological barrier of Rs150 billion

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PRA collects Rs168 bln in FY22, surpasses revised target of Rs165.5 bln

Lahore: The Punjab Revenue Authority (PRA) has surpassed the upward revised target of Rs165.5 billion for the financial year 2021-22.

According to provisional collection figures up to June 28, 2022, the PRA collection stands at Rs168 billion, which is 108 per cent of the set target of Rs155.9 billion and 101.5pc of the revised target.

According to the PRA spokesperson, the authority expects substantial revenue in the last two days of the financial year and is hoping to end the year close to Rs170 billion.

It is worth mentioning that earlier this year, PRA became the first provincial revenue collecting agency in the country to cross the psychological barrier of Rs150 billion and the collection in June has further established it as the leading Provincial revenue collecting agency in the country.

This is the third successive year in which PRA has surpassed its revenue collection target. Earlier the Authority collected more than the assigned targets of Rs.105 billion and Rs.125 billion in the financial years 2019-20 and 2020-21 respectively. 

PRA spokesperson further elaborated that this success has been achieved without resorting to any coercive actions such as sealing of premises, attachment of bank accounts or collection of advance payments.

PRA has relied completely on collaboration with all stakeholders and emphasis on taxpayer facilitation and education. More than 200 awareness workshops were held during the financial year with more than 2,000 participants. 

PRA expects the growth trend to continue in the coming years as its management and all workforce is committed to continuing its focus on compliance without resorting to any measures that adversely affect ease of doing business.

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Business

NA approves amendments in budget to impose Rs 50 levy on petroleum products

There is zero petroleum levy on petroleum products.

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NA approves amendments in budget to impose Rs 50 levy on petroleum products

Islamabad: The National Assembly Wednesday approved amendments in the budget for the fiscal year 2022-23 to impose a Rs 50 levy on petroleum products.

Under the Finance Bill, the government has changed the cap on the petroleum development levy (PDL) from Rs30 per litre to Rs50 per litre.

However, the government hinted about increasing PDL to Rs50 per litre gradually.

At present, there is zero petroleum levy on petroleum products.

On the other hand, Federal Finance and Revenue Minister, Miftah Ismail here on Wednesday clarified that the government has no intention to pass on the full amount of petroleum levy (Rs.50 per liter) as incorporated in the Finance Bill 2022-23 to the consumers. 

“The government has got the permission from you (the house) to impose up to Rs.50 per litter levy on petroleum products but there is no hope and intention to take the levy up to this figure”, he said while speaking in the National Assembly (NA). 

The Minister also informed the members of the house that at present there is zero petroleum levy on the petroleum products.

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Pakistan

Pakistan values China's role in regional and global affairs: COAS Bajwa

Director of China's Central Committee for Foreign Affairs calls on the Army Chief and discusses defense cooperation, progress on CPEC and security in the region

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Pakistan values China's role in regional and global affairs: COAS Bajwa

Rawalpindi: Chief of Army Staff General Qamar Javed Bajwa Wednesday said Pakistan valued China's role in regional and global affairs.

According to the Inter-Services Public Relations (ISPR), Director of China's Central Committee for Foreign Affairs, Mr Yang Chichi called on the Army Chief and discussed defense cooperation, progress on CPEC and security in the region.

During the meeting, the Army Chief said Pakistan valued ​​China's role in regional and global affairs and was keen to enhance strategic partnership with China.

Mr Yang Chichi thanked General Bajwa for taking steps to provide a safe environment for Chinese personnel deployed on various projects in Pakistan.

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