Pakistan News

Parliament to decide imposition or exemption of tax on commodities: CJP

ISLAMABAD: The Chief Justice of Pakistan Justice Saqib Nisar has made it clear that only the parliament has the power to decide the imposition or exemption of tax on commodities. However, he said he would try to give as much relief to the people as possible before retirement.

Hearing case against the prices of medicine, two-member bench headed by the CJP was presented an interim report on prices of medicine by the Secretary Health. The bench ordered to submit the full report by the first week of May.

The applicant requested that pharmaceutical industry be rendered tax-free as it already pays around 25 billion in taxes which causes surge in medicine prices.

Upon this, the CJP observed that the power to impose and remove taxes on commodities rests with the parliament. The court can only decide on existing law, he said.

The CJP also expressed his wish to accomplish what he has started before retirement. He said he has always thought of providing maximum relief to the people.

Hearing was adjourned till 15th May.

Pakistan currently has largest youth population of its history: UNDP report
ECP to form monitoring teams for upcoming general elections
Nawaz shifted to PIMS, Cardiac ward declared sub-jail for him.

Leave Your Reply