SC summons secretary petroleum, power ministry secretary, Chairman FBR on Friday
The deputy MD PSO told the court that various institutions are defaulter of Rs 300 billion.
KARACHI (Dunya News) – The Supreme Court on Thursday has summoned secretary petroleum, power ministry secretary, Chairman Federal Board of Revenue (FBR) on Friday over the issue of gradual raise in petroleum prices.
Chief Justice of Pakistan (CJP) Mian Saqib Nisar heard the case of petroleum products high prices and extra taxes in the Supreme Court Karachi registry.
While expressing reservations over the briefing of deputy managing director of Pakistan State Oil (PSO), the CJP commented that time to time tax implementation is a burden on underprivileged people.
He added that the process of import of petroleum products seems suspicious. The institution should inform the court about the rule under what the Rs. 62.8 per liter price is fixed, he added.
The deputy MD PSO told the court that various institutions are defaulter of Rs 300 billion.
Mian Saqib Nisar irked and asked why these institutions are not accountable to return the loan of Rs 300 billion, are these institutions working on the bank loans?
Yaqub Satar revealed that Rs 95 billion loan has been taken from the banks while Rs 7 billion comes under the banks interest, every year.
