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Economy

NAB has transferred tax-related cases to FBR: Justice Javed Iqbal

NAB chairman retired Justice Javed Iqbal on Monday said the anti-graft watchdog had a great regard for “valuable” services of the business community.

While talking to a delegation of the Pakistan Flour Mills Association led by Asim Raza Khan, chairman of the Punjab Flour Mills Association, NAB chairman said,

“NAB has great regard for the valuable services of the business community in the progress and prosperity of the country.”

Mr. Javed Iqbal also said NAB was not pursuing the cases relating to sales and income tax against the business community and had transferred all such existing cases to the Federal Board of Revenue (FBR) as per the law. He said the notices issued to the flour mills owners of Multan, Bahawalpur, and Dera Ghazi Khan divisions were being held in abeyance as the matter was sub judice in a court of law and the Punjab Anti-Corruption Estab­lishment (ACE) was also probing it.

Holding the same position, the NAB chief said he would himself examine the cases of the business community. 

“It is only rumors that the business community is perturbed due to NAB’s actions as 1,210 references filed by NAB in the respected accountability courts in various parts of the country and cases of the business community are not more than 2%. The business community is playing an important role in the economic development of the country,” added the Justice.

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