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CJP Nisar proposes 'dam tax' on prepaid mobile phone cards

11:35 AM | 26 Nov, 2018
CJP Nisar proposes 'dam tax' on prepaid mobile phone cards
LONDON - In order expedite funds collection for the construction of water reservoirs in the country, Chief Justice of Pakistan Mian Saqib Nisar has pitched a proposal to restore tax deduction on prepaid mobile phone cards' top-up.

The top judge gave this proposal while addressing a fundraising ceremony hosted by UK Pakistan Chamber of Commerce and Industry in London. The chief justice is making efforts to collect funds for the construction of Diamer-Bhasha and Mohmand Dams.

He said that it will not be suitable to impose taxes on the public for dams construction, adding: "We had earlier suspended all taxes deducted by cellular companies on mobile phone recharge and found that Rs3 billion were saved per month in this way.

He said that the court will re-impose the tax on the mobile cards' top-up to collect funds for dams if the nation allows it. The judge also sought public response over his proposal.

He called for constructing dams on every inch of the Indus River, adding that the criminal negligence was showed in the past by not building the dams.

He hoped that all the province of Pakistan will one day reach an agreement to build the Kalabagh Dam.

Assuring the public, the chief justice said that the money donated for the dams fund will be left in the safe hands before getting retired. He hinted at establishing a company for the safety of the funds.

“These funds are a loan from the nation and I will hand them over to a trustworthy man before leaving.”

Justice Nisar also thanked the government and those who have contributed to the dam fund.

Earlier in June, the apex court had suspended all taxes deducted by cellular companies on mobile phone recharge, local media reported.

A two-member bench, headed by Chief Justice Mian Saqib Nisar, issued the ruling while hearing a suo motu notice the withholding tax imposed on mobile recharge at apex court’s Lahore Registry.

The apex court gave a two-day deadline to the companies for implementing the order.


PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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