SHC suspends FBR’s Rs25b deal
Contract was awarded to monitor production of four tax evasion prone sectors
Installation of the track and trace system is one of the over two-and-a-half dozen conditions that the IMF has imposed on Pa-kistan for the revival of the $6 billion deal. PHOTO: FILE
ISLAMABAD:
The Sindh High Court (SHC) has suspended the award of Rs25 billion worth contract, which the federal government gave last week to monitor production of four tax evasion prone sectors as part of a condition of the International Monetary Fund (IMF).
The court granted stay order after the bidders raised serious questions over the manner the Federal Board of Revenue (FBR) handled the process and allegedly compromised transparency in award of the five-year deal worth minimum Rs25 billion.
The Public Procurement Regulatory Authority (PPRA) on Monday restrained the government from entering into a roughly Rs25 billion worth of deal for installing an electronic monitoring system to check tax evasion after it received a complaint about alleged favouritism in the process.
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Three companies have approached the Federal Board of Revenue (FBR)’s Grievances Redressal Committee for redressal of their complaints after the grant of