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Farooq Naik

Finance bill to come into effect after president’s approval not July 1: Senate committee

ISLAMABAD: Senate Standing Committee on Finance Revenue and Economic Affairs has decided that the Finance Supplementary Bill 2018 should come into effect from the day it is signed by president and not from July 1, 2018. The Senate committee discussed at length whether the Finance Supplementary Bill 2018 will come into force from the day it is signed by the president or will be retrospective in nature and apply to the whole financial year. After thorough debate and insight from the members, Federal Board of Revenue…

Judiciary had reservations over 21st Amendment, remarks CJP

Chief Justice of Supreme Court of Pakistan, Justice Anwar Zaheer Jamali has said that the judiciary had severe reservations over the 21st constitutional amendment but showed immense restraint and patience to protect the integrity of the system instead of taking tough decisions against it.