Saleem Mandviwala – BOL News Staging

Court acquits Mandviwala in Kidnay Hills reference

September 30, 2024 by Abid Khan

ISLAMABAD: An Accountability Court (AC) acquitted former Senate deputy chairman Saleem Mandviwala and others in the Kidney Hills reference.

Accountability Court Judge Nasir Javed Rana approved the application of National Accountability Bureau (NAB) and returned the reference.

The NAB, in its plea, stated that Mandviwala had no connection with the case. Moreover there was no loss to the government treasury, rather it was a private party which suffered the losses.

The Bureau pleaded the court to acquit the accused.

The NAB said that the reference was filed on January 19, 2021 against seven accused.

The matter was presented before its executive board in September (2024), which reached a conclusion that the reference could not be made as per the facts, it added.

The court, subsequently, approved the request of NAB and acquitted the seven persons.

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Senate body supports impositions of sales tax on charitable hospitals

June 22, 2024 by Abid Khan

ISLAMABAD: The Standing Committee on Finance has supported the imposition of sales tax on charitable and welfare health facilities.

The meeting of the Senate Standing Committee on Finance was chaired by Senator Saleem Mandviwala in which the committee supported the abolition of sales tax exemption on charitable and welfare hospitals.

On this occasion, Senator Saleem Mandviwala said that a trustee hospital did not pay the bill of two millions to the deceased, if the government is giving tax exemptions, it should also audit these hospitals.

Senator Farooq H. Naek said that the trust hospitals have also appointed doctors who charge huge fees and their laboratories charge expensive fees in the name of the trust.

During the meeting of the Senate Standing Committee, the Federal Board of Revenue (FBR) officials said that government hospitals are paying sales tax but big private hospitals are not paying sales tax.

FBR officials told the committee members that the country’s big and expensive hospitals are run by trusts for which tax exemptions are now being removed.

On the other hand, the Standing Committee summoned the Finance Minister Muhammad Aurangzeb, on which the Chairman of the Standing Committee said that the Federal Finance Minister had given the time between 5 o’clock.

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Senate approves travel ban for non-filers

June 15, 2024 by Abid Khan

ISLAMABAD: The Senate Standing Committee on Finance approved the proposal to ban non-filers from traveling abroad.

The meeting of Senate Standing Committee on Finance was chaired by Chairman Saleem Mandviwala. The committee approved the proposal to ban foreign travel of non-filers.

Chairman FBR said that action will be taken against those who do not file tax return under Income Tax General Order. Hajj, Umrah, young children, students and overseas Pakistanis holding the National Identity Card for Overseas Pakistanis (NICOP)with will be exempted.

According to Chairman FBR, non-filer mobile SIM, electricity and gas connections will also be disconnected.

Farooq H. Naik said that the ban on non-filer’s travel abroad should be considered as being in the exit control list.

Chairman FBR said that the rate of withholding tax on non-filers is also high, the mobile SIM and business of non-filers can also be closed, in the list of 500,000 non-filers, there are people with annual income of more than two million.

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18% GST to be imposed on packaged food items: FBR

June 15, 2024 by Abid Khan

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Amjad Zubair Tiwana has said that 18 percent general sales tax will be imposed on processing and packaged flour, pulses, rice, sugar and spices from the next financial year.

A meeting of the Senate Standing Committee was held under the chairmanship of Chairman Committee Saleem Mandviwala, in which Chairman FBR and Industry Representative Sheikh Waqar Ahmed participated.

In the meeting of the standing committee, the proposal to impose 18 percent sales tax on locally produced baby milk was considered, while the industry representative Sheikh Waqar said that the sales tax should be increased gradually.

Chairman FBR Amjad Zubair said that milk companies have increased the prices of their products several times during 2 years, milk companies have increased the burden on consumers but are not ready to give anything to the government.

The distributors are also not in the tax net, zero rating has been completely abolished from the next financial year.

Chairman FBR further said that imported milk is being sold at twice the price of local milk, from the next financial year, 18 percent sales tax will be levied on processed and packaged flour, pulses, rice, sugar and spices.

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Mandviwala elected Chairman of Senate panel on Finance

June 12, 2024June 12, 2024 by Abid Khan

ISLAMABAD: Senator Saleem Mandviwala of Pakistan People’s Party(PPP) has been elected as the Chairman of Senate Standing Committee on Finance and Revenue.

Pakistan Tehreek e Insaf (PTI) Senators Shibli Faraz and Mohsin Aziz strongly protested the election of Salim Mandviwala as Chairman of the Senate Standing Committee on Finance and boycotted the session. The both PTI senators walked out expressing reservations on the matter.

Senator Shibli Faraz while addressing the Senate session said that no one knew about the establishment of the committees till last night.

Senator Ali Zafar said that the committee which is related to the accountability of the government goes to the opposition.

On the other hand, Senator Sherry Rehman in response said that the impression is being given that there was irregularity in the committees, PTI did not get a committee of by choice, that’s why party senators are saying all this.

Federal Minister for Law Azam Nazir Tarar said that committees are always made by the Senate Secretariat, when PML-N was in the opposition, party asked for the Interior and Law Committee.

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IMF delegation meets with PPP’s economic team

July 7, 2023 by Abid Khan

IMF Representative Esther Perez Ruiz met with PPP’s finance team
PPP extended its support for program in wider interest of country.
IMF seeking support from political parties in new loan program.

ISLAMABAD: A delegation of the International Monetary Fund (IMF) held a meeting with the economic team of the Pakistan People’s Party (PPP).

Meanwhile, the PPP extended its support for the program in the wider interest of the country.

IMF Representative Esther Perez Ruiz met with the People’s Party’s finance team. Federal Minister for Commerce Naveed Qamar and Saleem Mandviwala were included in the delegation of the People’s Party.

The purpose of the meeting was to discuss the standby agreement between Pakistan and the IMF. According to the declaration of the Ministry of Commerce, the delegation of the People’s Party has expressed its willingness to support the program in the national interest.

The talks between the IMF representative and the finance team of the People’s Party are being seen as a positive step towards economic reforms and stability in Pakistan.

Commerce Minister Naveed Qamar, representing the finance team, recognized the importance of the standby agreement and expressed his commitment to work closely with the IMF to ensure the implementation of the program.

Meanwhile, the IMF representative for Pakistan said in a statement that Esther Perez Ruiz is contacting Pakistan Tehreek-e-Insaf, Pakistan Muslim League-Nawaz (PML-N), and Pakistan People’s Party, seeking support from political parties in the new loan program of three billion dollars.

The IMF said that the purpose of the contacts is to get support for the continuation of the policies and IMF wants to inform the political government about the policies now after the next election. The approval of Pakistan’s loan program is to be given in the executive board meeting in a few days.

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