CJP summons petroleum minister over taxes on related products

12:15 PM | 28 Sep, 2018
CJP summons petroleum minister over taxes on related products
ISLAMABAD - The Supreme Court summoned on Friday the federal minister for Petroleum, Ghulam Sarwar Khan in a petition regarding the imposition of different taxes on gas and petroleum products.

A bench headed by Chief Justice of Pakistan Justice Mian Saqib Nisar is hearing a petition regarding heavy taxes levied on petroleum products, electricity and gas bills.

National Accountability Bureau (NAB) special prosecutor Akbar Tarar and Pakistan State Oil’s (PSO) counsel, Mehmood Mirza, appeared before the court.

As the hearing began, PSO’s counsel submitted a report regarding prices of petroleum products before the bench and said the prices are high owing to management and sales affairs.

To this, the Chief Justice remarked that there was an unjust increase in the prices of petroleum products, following which he referred the matter to NAB.

Justice Nisar then said, “If Petroleum Minister Ghulam Sarwar Khan is in town call him.”

When the Chief Justice questioned “where the chief executive officer is who draws Rs3.7 million?”, the PSO counsel responded he has retired.

The NAB special prosecutor then informed the court, “During the previous government’s term, a PSO managing director was appointed to benefit one person.”

To this, Justice Nisar remarked, “Call Shahid Khaqan Abbasi and ask him why this happened.”

“NAB should go after such cases and leave tehsildars. The nation should know what has happened with them,” he said.

Justice Nisar then asked the NAB special prosecutor about Ahad Cheema, to which Tarar said, “We have prepared cases.”

The chief justice also expressed anger at PSO for hiring a private lawyer and asked Mirza how much fee he is being paid. “State intuitions are sinking in debt but they hire private counsels, PSO should have asked the attorney general to represent it.”

Earlier, the petroleum minister expressed that they will particularly review the price of diesel and ensure to make its price on par with the price of petrol which was cheaper than petrol before 2004 and now its price is higher than the petrol.

Sarwar said that efforts will be made to improve the local production of refined and crude petroleum products which is presently at 15 percent against 85 percent of imports. He added the ministry will strengthen the role of OGDCL to improve local production.


Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 14 July 2024

Pakistani currency rates against US Dollar and other currencies on July 14, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25  303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65


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