FBR’s Benami Authority barred from taking action against Arif Habib Ltd 

ISLAMABAD: The Sindh High Court (SHC) on Friday barred the Benami Transaction Adjudicating Authority of the Federal Board of Revenue (FBR) from taking any action against Arif Habib Limited with regard to alleged shareholding in Benami companies. 

The court, while issuing notices to the authority, summoned its officials on January 14, 2020. 

FBR’s BTAA had served notices to Arif Habib Limited under the Benami Transaction (Prohibition) Act, 2017, with regard to shareholding in four Benami companies. 

Arif Habib remained unavailable to comment on the issue despite repeated attempts. 

- Advertisement -
- Advertisement -

Must Read

Textile exports increase by 26.05pc to $9.381bn in H1FY22

ISLAMABAD: The exports of textile commodities surged by 26.05 percent during the first half of the current fiscal year (2021-22) as compared to the...