Pakistan

Customs Act 1969 to PATA to be revoked in 24 hours: Dar

ISHAQ DAR

ISLAMABAD: Finance Minister Ishaq Dar on Sunday said Customs Act 1969 to the Provincially Administered Tribal Areas (Pata) will be revoked within next 24 hours, ARY News reported.

President Mamnoon Hussain has approved cancellation of the Customs Act to PATA, he said.

A notification was issued by the Khyber Pakhtunkhwa Home and Tribal Affairs Department on March 28, 2016, for extending Customs Act, 1969, to PATA which later triggered protests in the different areas of the province.

The PATA territory comprises of districts of Buner, Chitral, Dir Lower, Dir Upper, Malakand, Swat, Shangla, and some parts of Kohistan district.

Under Article 247 of the constitution, the laws of the parliament and provincial assembly are not applicable to PATA unless the governor of KP extends a specific law with approval of the president.

Later, Chief Minister Khyber Pakhtunkhwa Pervez Khattak had in April asked the governor KP to advise the president of Pakistan for withdrawal of the Customs Act, 1969.

“President Mamnoon Hussain has also given approval for Income Tax (Amendment) Act, 2016. While, capital gains tax will not be imposed on plots given to dependents of martyred soldiers and the plots sold to civil officers and armed forces officials,” he said while talking to media in Islamabad.

To a question about the agreement between the government and the real estate stakeholders regarding valuation of immoveable property for taxation reached yesterday, the Minister said an ordinance will be issued today to immediately enforce the decisions as law. However, the due process of parliamentary proceedings will follow later.

Read More: FBR to determine real estate prices: Dar

Answering a question, Ishaq Dar said the government has invited the Speaker National Assembly to facilitate in convening a meeting of the committee on terms of reference for the Panama leaks because the committee does not have a convener.

He said the government has asked the opposition team of the ToRs committee to hold a meeting tomorrow, but it could not be possible due to the preoccupation of the committee member Chaudhry Aitzaz Ahsan.  However, efforts are being made to convene the meeting on some agreed upon date mostly likely in the second week of the next month.

Dar said he was going to Dubai to attend International Monetary Fund meeting.

The minister said the Pakistan Tehreek-e-Insaf chief should concentrate on mitigating the sufferings of the people affected by the flash floods in Chitral instead of organizing rallies.

 

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