IMF presses Pakistan to resolve $376b tax disputes

Author: inp

The International Monetary Fund (IMF) has called for expedited handling of pending tax cases in Pakistan, highlighting that a staggering PKR 3.76 trillion in tax disputes are currently unresolved in various courts.

According to officials from the Federal Board of Revenue (FBR), the value of cases pending before Appellate Tribunals has surged from PKR 1.46 trillion to PKR 2.24 trillion. In response, the FBR has initiated measures to accelerate the adjudication of these cases.

In the Supreme Court, 3,450 cases with an estimated potential revenue of PKR 105 billion remain pending. The Islamabad High Court has 780 cases involving PKR 160 billion, while the Sindh High Court holds the highest amount of PKR 309 billion in pending tax disputes. The Lahore High Court has 4,670 cases totaling PKR 180 billion. Additional backlogs include PKR 8 billion in 400 cases at the Peshawar High Court and numerous high-value cases at the Balochistan High Court.

Share
Leave a Comment

Recent Posts

  • Business

Gold rates up by Rs 800 per tola to Rs 268,500

The per tola price of 24 karat gold increased by Rs.800 and was sold at…

18 seconds ago
  • Business

Rupee gains 13 paisa against dollar

Pakistani rupee on Thursday appreciated by 13 paisa against the US dollar in the interbank…

44 seconds ago
  • Business

Pakistan’s blue economy could generate over $100 billion in revenue: British Envoy

The British Deputy High Commission in Karachi Sarah Mooney said that incorporating blue economy in…

2 mins ago
  • Business

Chinese company inks agreement for NEVs’ charging stations

Chinese company “ADM Group” has signed an agreement with two local Pakistani investment companies to…

2 mins ago
  • Business

Russian Deputy PM’s visit to boost trade : PFC CEO

Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq Thursday said that Russian Deputy…

3 mins ago
  • Business

SCCI demands resumption of Peshawar-Karachi PIA flight operation

Sarhad Chamber of Commerce and Industry (SCCI) has expressed concern over closure of PIA flight…

3 mins ago